By Zack Needles | May 30, 2019
The Pennsylvania Superior Court has upheld a trial court's imposition of 10 years' probation and a $112,500 fine for the Pi Delta Psi fraternity over a hazing death that occurred in the Poconos, but said the court lacked authority to bar the fraternity from conducting business in Pennsylvania for a decade.
By Tom McParland | May 24, 2019
Robert J. Feinstein, who represents a committee of The Weinstein Co.'s largest creditors, told a Delaware bankruptcy judge that the agreement reached in mediation between Harvey Weinstein, the firm's board members and the New York Attorney General's Office "could be the cornerstone" to reaching an overarching settlement through The Weinstein Co.'s Chapter 11 bankruptcy case.
By Tom McParland | May 14, 2019
According to the letter, Goldman made more than $580 million for advising the company at the heart of the scandal over the course of 12 months, a rate that was 200 times the typical fee for such transactions. Now the company expects to spend $1.9 billion more than it had initially reserved to defend legal matters related to the scandal, according to the 27-page correspondence.
By Phillip Bantz | May 7, 2019
For decades, the SEC has used gag orders to prevent defendants from ever speaking about cases that have been settled. Now, two lawsuits are challenging the constitutionality of the rule. But one former SEC lawyer-turned-defense attorney says the rule's demise could be bad for defendants.
By Tom McParland | May 6, 2019
The filing claimed that senior officers and directors had allowed the firm to illegally promote Humira by offering doctors benefits in exchange for prescribing the drug.
By Jenna Greene | May 3, 2019
'While money is always at stake in a litigation, here our clients' reputations are at stake,' said Latham partners Laura Washington and Marvin Putnam.
By Tom McParland | May 1, 2019
The 193-page filing said that Mark Zuckerberg, Sheryl Sandberg, Peter Thiel and three other board members had presided over "one of the worst examples of privacy abuse in the age of social media" and committed "pervasive breaches" of their fiduciary duties in the name of short-term profits.
By Tom McParland | April 26, 2019
Vice Chancellor Morgan T. Zurn on Thursday allowed Otto Candies and other plaintiffs to file a new complaint despite their failure to comply with a court rule governing amended complaints in the case, which accuses KPMG of failing to detect a massive financial fraud by Citigroup Inc. and a KPMG client in Latin America.
By Tom McParland | April 19, 2019
The lawsuit comes as AmericsourceBergen and other opioid distributors face increasing scrutiny for their role in the opioid crisis.
By Tom McParland | April 8, 2019
The ruling, published Friday by a three-judge panel of the state high court, applied the justices' 2014 precedent in the case Kahn v. M&F Worldwide to deny business-judgment deference to the Earthstone board and reversed, in part, the Chancery Court's dismissal of the case in its entirety last July.
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