0 results for 'Grant Eisenhofer'
A four-judge majority found no reason to meddle with New York's long-established interpretation of the in pari delicto doctrine.
In re Able Laboratories Securities Litigation
Two movants, each of whom filed a motion and certification within the 60-day deadline established by the Private Securities Litigation Reform Act can, based on their own initiative and concerns about the adequacy of the presumptive lead plaintiff, unite after the expiration of the 60-day period to form a group to act as lead plaintiff.Loss Causation Pleading Standard
Jacqueline Sailer and Brian P. Murray, partners at Murray, Frank & Sailer, write that there is no heightened pleading requirement for loss causation under the Private Securities Litigation Reform Act of 1995; nonetheless, courts are grappling with the issue of what suffices to plead loss causation under the notice-pleading requirements.Big Surprise: Plaintiffs Firms Back SEC's Shareholder Rights Plan
A rare joint letter to the U.S. Securities and Exchange Commission from a group of defense law firms over shareholder proxy access is receiving an even rarer response from nine of the country's largest plaintiffs law firms. The firms, more typically seen in shareholder litigation than in regulatory squabbles, include Labaton Sucharow; Bernstein Litowitz Berger & Grossman; and Cohen Milstein Sellers & Toll. The letter, dated Tuesday, supports the SEC's proposal to allow shareholders to nominate directors, exactly what the defense firms argued against last week.Plaintiffs Firms Show Support for SEC Shareholder Rights Proposal
A rare joint letter to the SEC from a group of defense law firms over shareholder proxy access is receiving an even rarer response from nine of the country's largest plaintiffs law firms. The letter supports the SEC's proposal to allow shareholders to nominate directors, exactly what the defense firms argued against last week. If approved, public companies would be required to include in their proxy materials shareholder nominees for directors that could comprise up to a quarter of the board.Barclays stood to earn double fees as the financial adviser to Del Monte and the source of financing for the private equity consortium that planned to buy the company. But there were a few things that the bank neglected to tell Del Monte's board along the way--and Vice-Chancellor Laster had a problem with that.
Judge Refuses to Dismiss Analyst Fraud Claims In WorldCom Litigation
Judge Refuses to Dismiss Analyst Fraud Claims in WorldCom Litigation
Press reports about widespread conflicts among Wall Street stock analysts were not enough to put investors on notice about the allegedly "illicit relationship" between WorldCom, Salomon Smith Barney and its star telecommunications analyst Jack Grubman, a federal judge ruled Tuesday, rejecting motions to dismiss claims brought on behalf of an Ohio pension fund. The ruling was the latest by Judge Denise Cote in the largest securities fraud case in the nation's history.Trending Stories
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