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March 07, 2024 | New York Law Journal

Securities Litigation Cases Continued to Decline Nationally in 2023, Report Finds

New York's Southern District continued to be the leading destination for cases, with Delaware second. The Brooklyn-based Eastern District was third and the Northern District of California fourth, the study said.
4 minute read
March 06, 2024 | National Law Journal

10 States Mount Challenge to SEC's Climate Disclosure Rule on Day of Its Approval

"This is yet another attempt to advance an agenda without statutory authority," West Virginia Attorney General Patrick Morrisey said.
3 minute read
March 06, 2024 | Litigation Daily

In Length of Time to Settlement in Securities Class Actions, the Pandemic's Fingerprint Lingers

Among last year's settlements, the median time from when a case was filed to a settlement hearing date was 3.7 years, the second-highest for any year in Cornerstone Research records going back to 1996.
3 minute read
March 05, 2024 | Delaware Business Court Insider

Terraform at Odds With Creditor Committee as SEC Trial Approaches

The SEC's case against Terraform is scheduled to go to trial March 25, and the debtors' counsel moved last week for the bankruptcy court to allow Dentons to serve as special counsel.
3 minute read
March 05, 2024 | Litigation Daily

Dorsey & Whitney Hits Back Against Complaint Claiming Firm Dragged Its Feet on Malpractice Suit Against Fellow Big Firm

Michael Reger claims his lawyers at Dorsey & Whitney admitted their reluctance to sue Faegre Drinker over a steakhouse lunch in September 2022.
5 minute read
February 29, 2024 | Delaware Business Court Insider

SEC Calls Terraform's Dentons Retainer 'Opaque Slush Fund' in Bankruptcy Court

The SEC has asked Judge Brendan Linehan Shannon to deny the application unless Dentons returns to Terraform the $81 million still available from its retainer and files engagement letters and agreements about payment with the court.
3 minute read
February 28, 2024 | Litigation Daily

Trick or Treat? How an Office Halloween Party Convo Led to a Quinn Associate's Appellate Argument

Alex Loomis, a seventh-year associate in Boston, landed a precedential First Circuit decision on personal jurisdiction issues in a case he first heard about from partner Bill Weinreb at an office Halloween party.
5 minute read
February 26, 2024 | Texas Lawyer

DENIED: No New Trial as Munsch Hardt Lawyers Preserve $8.25M Award

The Dallas Appeals Court upheld an $8.25 million judgment in a securities fraud case where the solicitor and seller of stocks was found to have misrepresented the investment plan.
4 minute read
February 06, 2024 | National Law Journal

SEC Expands Definition of 'Dealer,' 'Government Securities Dealer'

"When dealers register, they become subject to a variety of important laws and rules that help protect the public, promote market integrity and facilitate capital formation," SEC Chair Gary Gensler said.
3 minute read
February 02, 2024 | Litigation Daily

Litigators of the Week: Rolling Back Elon Musk's $56B Tesla Compensation Package

A team led by Greg Varallo and Jeroen van Kwawegen of Bernstein Litowitz Berger & Grossmann and David Tejtel of Friedman Oster & Tejtel secured a post-trial ruling from Delaware Chancellor Kathaleen McCormick finding that when it came to the Tesla CEO's pay package "Musk launched a self-driving process, recalibrating the speed and direction along the way as he saw fit."
10 minute read

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