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Derivative Complaint Targets DuPont Board
Case: Robert Zomolosky v. Ellen Kullman, et al., No. 13-00094, D. Del....(read more)
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Sale Of Outdoor Channel 'Fundamentally Unfair' To Shareholders, Investor Says
Case: Roberta Feinstein v. Outdoor Channel Holdings Inc., et al., No. 8412, Del. Chanc....(read more)
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Shareholder Takes Issue With Proposed Takeover Of Heinz
Case: Andrew Bushkin v. William Johson, et al., No. GD 13-3701, Pa. Common Pleas, Allegheny Co....(read more)
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Shareholder Says Merger Undervalues Hot Topic
Case: Steven Weisberg v. Lisa Harper, et al., No. BC502538, Calif. Sup., Los Angeles Co....(read more)
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Shareholder Says Merger Undervalues Pharmaceutical Company
Case: Michael Rubin v. Obagi Medical Products Inc., et al., No. 8433, Del. Chanc....(read more)
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High Court Seeks Government View In Stock-Drop Lawsuit
WASHINGTON, D.C. - The U.S. Supreme Court on March 25 invited the solicitor general to file a brief expressing the view of the United States regarding a petition seeking high court review of a Sixth...
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Presumption Of Prudence Applies; Judge Dismisses Pfizer Stock-Drop Case
NEW YORK - A federal judge in New York on March 29 dismissed claims by participants in Pfizer Inc.'s retirement savings plans that the plan fiduciaries breached their fiduciary duties under the...
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Panel: Plaintiff's Law Firm May Be Liable For Sanctions In Securities Lawsuit
CHICAGO - A law firm may be responsible for Federal Rule of Civil Procedure 11 sanctions in a securities class action lawsuit for its conduct regarding the use of a confidential witness who ended up...
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Judge: Investor Failed To Plead Material Misstatement In Securities Lawsuit
COVINGTON, Ky. - Dismissal of a lead plaintiff's consolidated amended securities class action complaint is proper because the lead plaintiff failed to properly plead any materially misleading...
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Judge Dismisses Suit Targeting Canadian Solar's 'Sham' Transactions
NEW YORK - A federal judge in New York on March 28 dismissed an amended class action complaint against Canadian Solar Inc., finding that investors did not properly identify details or plead enough...
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Federal Judge Dismisses Securities Class Action Against Timberland Co.
CONCORD, N.H. - A New Hampshire federal judge on March 28 granted a motion filed by an outdoor gear company and others to dismiss a securities class action filed against them, finding that plaintiffs...
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Shareholders Failed To Plead Federal Securities Law Claims, Federal Judge Rules
NEW YORK - Dismissal of a shareholder class action lawsuit is proper because lead plaintiffs have failed to plead any elements of the federal securities law claims, a federal judge in New York ruled...
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Judge: Investor Failed To Plead Misrepresentation, Scienter In Securities Suit
SAN DIEGO - A lead plaintiff in a securities class action lawsuit has failed to plead any of its federal securities law claims because it has failed to show that the defendants issued any...
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Judge: Lead Plaintiff Failed To Plead Any Of Its Federal Securities Law Claims
NEW YORK - A federal judge in New York on March 25 dismissed a lead plaintiff's securities class action complaint, ruling that it failed to properly plead any of its federal securities law claims (In...
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Judge Trims Federal Securities Law Claims In Class Action Lawsuit
NEW YORK - A federal judge in New York on March 22 partially dismissed a lead plaintiff's securities class action complaint against a mining company and certain of its executive officers, ruling that...
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Judge: Lead Plaintiff Failed To Plead Scienter In Making Securities Law Claims
BALTIMORE - A federal judge in Maryland on March 26 dismissed a lead plaintiff's securities class action complaint against a drug company and others, ruling that the lead plaintiff failed to properly...
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Judge: Lead Plaintiffs Failed To Plead Scienter In Securities Class Action Suit
BURLINGTON, Vt. - A federal judge in Vermont on March 20 dismissed a second amended securities class action complaint, ruling that lead plaintiffs have failed to plead that Green Mountain Coffee...
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Judge Won't Strike Expert Testimony In Sprint Nextel Merger Suit
KANSAS CITY, Kan. - Although an attempt by lead plaintiffs in a securities class action lawsuit to file expert testimony in a reply brief "constitutes new evidence," striking the testimony "would...
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Panel Affirms Dismissal In Shareholder Derivative Suit Against Drilling Company
NEW ORLEANS - A Fifth Circuit U.S. Court of Appeals panel on March 11 affirmed a federal judge's dismissal of a shareholder derivative lawsuit against certain officers and directors of an on-land and...
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Panel Grants Summary Affirmance In Stanford Ponzi Scheme Lawsuit
WASHINGTON, D.C. - A federal judge did not err in denying a former Stanford Group Co. (SGC) client's motion to intervene in a Securities and Exchange Commission action seeking to compel the Securities...
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