Clik here to view.
Judge Denies Summary Judgment In SEC Enforcement Action
SAN FRANCISCO - A federal judge in California on Feb. 13 denied a motion for summary judgment filed by the former general counsel of Mercury Interactive LLC in a Securities and Exchange Commission...
View ArticleClik here to view.
Judge: Defendants Would Suffer Prejudice If Stay Granted In Derivative Suit
NEW ORLEANS - A federal judge in Louisiana on March 5 denied an investors' motion to stay a shareholder derivative action against a company's officers and directors, ruling that "the factors do not...
View ArticleClik here to view.
Judge: Investor Failed To Show Directors Breached Their Fiduciary Duty
HOUSTON - An investor has failed to show that a company's board of directors breached its fiduciary duty by approving executive compensation for the company's CEO even though the company had a "dismal"...
View ArticleClik here to view.
Judge: Fraud-On-The- Market Presumption Of Reliance Properly Rebutted
NEW YORK - A defendant in a securities class action lawsuit has rebutted the fraud-on-the-market presumption of reliance, a federal judge in New York ruled Feb. 28 in dismissing the lawsuit (GAMCO...
View ArticleClik here to view.
Delaware High Court: Interlocutory Appeal Not Proper In Merger Deal Suit
WILMINGTON, Del. - The Delaware Supreme Court on Feb. 26 issued a ruling unanimously denying nonparty shareholders' motion for interlocutory appeal in a lawsuit challenging the terms and provisions of...
View ArticleClik here to view.
Chancellor: Breach Of Fiduciary Duty Claims Preempted By McWane Doctrine
WILMINGTON, Del. - Dismissal of breach of fiduciary duty claims filed by investors in a lawsuit against current and former officers and directors of a snack food manufacturer is proper because the...
View ArticleClik here to view.
2nd Circuit: Presumption Of Prudence Doesn't Apply To Particular UBS Plan
NEW YORK - The fiduciaries of an eligible individual account plan (EIAP) that permits investment in employer stock but does not require or "strongly encourage" such investments are not entitled to the...
View ArticleClik here to view.
Plan Participants Fail To Show That Fiduciary Breach Caused Losses, Judge Finds
DURHAM, N.C. - Participants in R.J. Reynolds Tobacco Co.'s 401(k) plan are not entitled to recover for breach of fiduciary duty under the Employee Retirement Income Security Act based on the removal of...
View ArticleClik here to view.
Cornerstone Research Releases 2012 Merger And Acquisition Litigation Report
BOSTON - Shareholders challenged 93 percent of all merger and acquisition (M&A) transactions that were valued over $100 million and 96 percent of all transactions valued over $500 million in 2012,...
View ArticleClik here to view.
AIG Investor Says Derivative Suit Was Wrongly Dismissed
Case: Starr International Co. Inc., individually and derivatively on behalf of American International Group Inc. v. Federal Reserve Bank of New York, et al., No. 12-5022, 2nd Cir....(read more)
View ArticleClik here to view.
Fund Says District Court Erred In Denying Arbitration Of Claims
Case: Wimbledon Financing Master Fund Ltd., et al. v. David Molner, et al., No. 12-56328, 9th Cir....(read more)
View ArticleClik here to view.
Investors: BP's Motion To Dismiss Fraud Suit Should Be Rejected
Case: In re: BP plc Securities Litigation, No. 4:10-md-02185, S.D. Texas; See January 2013, Page 44....(read more)
View ArticleClik here to view.
Banks Say They're Not Responsible For Peregrine Fraud
Case: In re Peregrine Financial Group Customer Litigation, No. 12-5546, N.D. Ill....(read more)
View ArticleClik here to view.
Bear Stearns: Credit Unions Knew About Risks Of RMBS Investments
Case: National Credit Union Administration Board v. Bear, Stearns & Co. Inc., et al., No. 12-2781, D. Kan....(read more)
View ArticleClik here to view.
Noble Executives Say Limitations Statute Bars Bribery Claims
Case: Securities and Exchange Commission v. Mark A. Jackson, et al., No. 12-0563, S.D. Texas....(read more)
View ArticleClik here to view.
Investor Defends Amended Complaint Against Pfizer
Case: Security Police and Fire Professionals of America Retirement Fund v. Pfizer, Inc., et al., No. 10-3105, D. N.J.; See February 2013, Page 46....(read more)
View ArticleClik here to view.
Investor Says Accretive's Arguments Are 'Without Merit'
Case: Linda Wong v. Accretive Health Inc., et al., No. 12-03102, N.D. Ill.; See January 2013, Page 50....(read more)
View ArticleClik here to view.
Countrywide: FHFA's Suit Over MBS Should Be Dismissed
Case: Federal Housing Finance Agency, as conservator for the Federal National Mortgage Association, et al. v. Countrywide Financial Corp., et al., No. 12-1059, C.D. Calif....(read more)
View ArticleClik here to view.
Madoff Feeder Fund Says Roland Does Not Apply To Suit
Case: In re Tremont Securities Law, State Law and Insurance Litigation, No. 08-11117, S.D. N.Y.; See February 2013, Page 38....(read more)
View ArticleClik here to view.
Credit Suisse Says Investors' Fraud Claims Should Be Dismissed
Case: In re: TVIX Securities Litigation, No. 12-04191, S.D. N.Y.; See February 2013, Page 39....(read more)
View Article