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Similar to class actions generally, exploring ethics issues in securities class action litigation (specifically fee-splitting), and how that affects settlement value for plaintiff investors
By Michael A. Mora | May 30, 2024
The fallout from the litigation led to two U.S. Securities and Exchange Commission attorneys resigning from the agency.
4 minute read
By Jay A. Dubow, Joanna Cline and Connor B. DeFilippis | May 28, 2024
Judge Frank Easterbrook, disenchanted with the current "federal practice" of plaintiffs attorneys extorting fees in disclosure cases without conferring a meaningful benefit on stockholders, penned the opinion for a two-judge panel rejecting such fee agreements and empowering shareholders and federal courts alike to scrutinize these fees going forward.
6 minute read
By Brian Lee | May 23, 2024
A unanimous Court of Appeals said the plaintiffs sufficiently pleaded causes of action for breach of fiduciary duty under Scottish law.
4 minute read
By John Moon and Lori Marks-Esterman | May 23, 2024
An overview of why checks and balances of the courts, as well as SEC enforcement, are critical to maintaining disclosures that are needed to maintain the strength of the U.S. markets.
6 minute read
By Ross Todd | May 22, 2024
Beata Gocyk-Farber, the lead litigation counsel for Norges Bank Investment Management, spoke about the Norwegian pension fund's "cautious but assertive" approach to securities litigation.
6 minute read
By Kat Black | May 21, 2024
Funko's forward-looking statements fell under a "safe harbor" provision and were therefore not actionable as securities fraud, a Seattle federal judge said. The decision was a win for a team from Latham & Watkins.
3 minute read
By Mason Lawlor | May 15, 2024
Insiders of Fang Holdings ultimately forced the company to spend around $130 million in order to acquire a 35.8% minority interest in a subsidiary, China Index Holdings, despite owning it outright just a few years earlier, according to the lawsuit.
4 minute read
By John Coffee | May 15, 2024
The SEC's long, successful campaign against insider trading has been legally predicated on two words—"deceptive device"—in Section 10(b) in the Securities Exchange Act. In terms of its legal authority, the SEC has little else to rely on, as insider trading is nowhere defined in federal legislation.
10 minute read
By David R. Chase and Scott Silver | May 15, 2024
In this article, we discuss the elements of what makes a compelling SEC Whistleblower Tip, such that it is likely to be investigated by the SEC's Enforcement Division resulting in an enforcement action, substantial monetary penalties and ultimately payment of a financial bounty to our whistleblower client.
6 minute read
By Jane Wester | May 13, 2024
Defense counsel Barry Berke said his client, Sung Kook "Bill" Hwang, didn't break the law in the run-up to the the collapse of a $36 billion investment fund.
3 minute read
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MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS