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Broadcom Settles Claims for $118 Million
The proposed deal would be the second-largest in a derivative action involving stock options backdating.Judge Delays Appointing Lead Counsel in Toyota Shareholder Litigation
A federal judge has delayed appointing the lead plaintiffs attorneys in the shareholder litigation against Toyota Motor Corp. until the U.S. Supreme Court decides whether foreign purchasers of a company's U.S. stock have standing to sue in the United States. Joe Kendall of Dallas' Kendall Law Group told a federal judge in California that individual shareholders — whom he described as the "grandma in tennis shoes in Kansas City" — should be represented.Beleaguered News Corp. Turns to Debevoise to Advise New Management Panel
The full case caption appears at the end of this opinion. KATZMANN, Circuit Judge: I. INTRODUCTIONPlaintiff-Appellant Robert Manning ("Manning" or
M&A on the rise — and litigation may well follow
Techniques for minimizing the power of skeptical shareholders may land deals in court.Trial to Decide if Bank CEO Knowingly Made False Statements
When it comes to securities fraud litigation, the BankAtlantic Bancorp trial slated for jury selection Friday could be dramatic. If the trial moves ahead as scheduled, it will be only the 12th since Congress clamped down on shareholder lawsuits in 1995, attorneys in the case say. The jury will be asked to decide whether BankAtlantic Bancorp CEO Alan Levan's statements about nonperforming loans on the watch list at the bank with $4.6 billion in assets were intentionally false and deceiving.U.S. District Court Southern District of New York Judge Haight This class action was filed by lead plaintiff John Bruhl and others similarly situated seeking damages a
Civil Actions in Question Following Dismissal of Broadcom Criminal Case
Stock options backdating lawsuits filed by shareholders against Broadcom Corp. face an uncertain future now that a federal judge has thrown out the government's criminal case against two former executives of the Irvine, Calif., computer chip manufacturer.A Buyer's Guide to Law Firm Software
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