By Charles Toutant | July 24, 2019
The appeals court reversed a decision by a federal judge in New Jersey finding Hayden Zou and L. McCarthy Downs III liable under Section 11 of the Securities Act for omitting negative financial information about Tibet Pharmaceuticals from its registration statement.
New Jersey Law Journal | Commentary
By Law Journal Editorial Board | July 14, 2019
In our view, plaintiff was trying to backdoor a derivative action. The opinion refused to expand the common law to access the documents that would not have existed but for the requester's demands.
New Jersey Law Journal | Commentary
By Law Journal Editorial Board | May 12, 2019
The troublesome issue of scienter, as a necessary ingredient of various securities acts violations, remains in flux.
By C. Ryan Barber | May 9, 2019
The vacancy announcement comes as Andrew Weissmann, who last held the post on a permanent basis, joins NYU law from his service on the Robert Mueller prosecution team.
By Sue Reisinger | April 16, 2019
In February, Hertz sent letters to the defendants demanding they return their incentive and severance payments, totaling $70 million, and then brought suit in U.S. District Court for the District of New Jersey,
By Charles Toutant | April 10, 2019
A federal judge has rejected a bid for emergent relief by a Johnson & Johnson shareholder asking the company to institute mandatory arbitration of shareholder disputes in lieu of class action litigation.
By Colby Hamilton | April 5, 2019
The former WFAN host was convicted in November of perpetuating a Ponzi-like ticket selling scheme that defrauded investors of millions.
By Charles Toutant | February 20, 2019
Philip Morris is accused of misleading stockholders about the status of its development of so-called reduced-risk tobacco products.
By Caroline Spiezio | February 13, 2019
Gene Levoff, the former global head of corporate law and corporate secretary of Apple Inc., has been charged with insider trading. The SEC and the District of New Jersey brought parallel charges against Levoff on Wednesday.
New Jersey Law Journal | Analysis
By David J. Libowsky and Daniel Strashun | January 24, 2019
New Jersey intends to proceed with a plan to impose its own fiduciary rule on brokerage and advisory professionals.
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