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Class Settlements: Death Knell For Attorney Malpractice Claims?
In his Settlement and Compromise column, Thomas E.L. Dewey, a member of Dewey Pegno & Kramarsky, examines the Second Circuit's decision in 'Wyly' and discusses the different inquiries surrounding counsel's performance in federal class actions and state malpractice cases.Cite as: Jock v. Sterling Jewelers, 08 Civ. 2875, NYLJ 1202476131569, at *1 (SDNY, Decided December 10, 2010)District Judge Jed S. Rakoff
For the first time, China's securities regulator has agreed to turn over audit documents related to an ongoing SEC investigation of a U.S.-listed Chinese company.
Longtop Financial Technologies, the Chinese company whose fortunes were upended last year by a billion-dollar accounting scandal, has yet to file an appearance in federal multidistrict litigation accusing it of massive securities fraud. After reading the most recent opinion in the case, we can understand why Longtop might be avoiding U.S. courts.
View more book results for the query "Deutsche Bank"
Cite as: Country Pointe v. Beechwood Organization, 21545/05, NYLJ 1202479059611, at *1 (App. Div., 2nd, Decided January 18, 2011)Before: Dillon, J.P., Angiolill
Fending off hostile activity now
The hostile-takeover environment has changed dramatically in just the last couple of years. The anti-takeover tactics that have been used for several decades often don't work today. As a result, a company can still refuse to engage the aggressor as a legal matter but, increasingly, it can't do so as a practical matter.Investors Get Green Light to Pursue Some Claims Against Ratings Agencies
Southern District Judge Shira Scheindlin ruled that two institutional investors can go to trial with fraud claims against Moody's Corp., Fitch Ratings Inc. and Standard & Poor's Financial Services LLC, which all gave Rhinebridge, a $1.1 billion structured investment vehicle, their top rating before its 2007 collapse.State AI Legislation Is on the Move in 2024
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