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Plaintiffs' Firms Take Aim at Securities Law
In Sacramento, Calif., a group of well-known plaintiffs' attorneys are helping write state legislation that would dramatically improve their ability to hold corporate officials liable in big-money securities lawsuits. The current draft of the bill would make corporate officials liable for securities fraud even if they aren't involved with buying stock or if plaintiffs' lawyers cannot prove they intentionally made false statements.
Hawaii real estate paradise returns with Goldman loan
Benefiting from a travel rebound that's sent tourism revenue to a record and spurred real estate investments across Hawaii, Goldman Sachs Group announced a $1.85 billion loan for a once-distressed hotel portfolio that has five Hawaiian properties.
Toy Story: Delaware Reaffirms Director Control Over Sale Process
Robert A. Profusek, a partner at Jones Day, and Peter E. Izanec, an associate with the firm, write that that there is some undercurrent within the Delaware Chancery Court away from the hindsight-aided ex poste analysis of board decisions. Provided that the process is typical and involves experienced financial and legal advisers, boards are now able to proceed with the assumption that decisions made in good faith will not be second-guessed by the courts.
Whole Foods close to obtaining Wild Oats, but government could block deal on appeal
WASHINGTON AP - Whole Foods Market Inc.'s aggressive efforts to acquire rival organic food retailer Wild Oats Markets Inc. are close to completion, but the company hasn't crossed the finish line yet.The Federal Trade Commission, which wants to block the transaction on antitrust grounds, could appeal a judge's ruling Thursday that gave a green light to the $565 million deal.
H5 Adds kCura Relativity to E-Discovery Services
H5 details the reasons why the information retrieval company became a Premium Hosting Partner of kCura's Relativity, reports LTN's Associate Editor Michael Roach.
Exterro Gets E-Discovery Down to Business
Most law firms would prefer a relatively easy electronic discovery process so they could keep their focus on law. Enter Exterro Fusion, a portal for controlling the discovery process. John K. Waters draws on industry experts and law firms using Fusion to see if the product meets its promise.Plaintiffs Firms Take Aim at Securities Law
A group of well-known plaintiffs attorneys are helping write legislation that would dramatically improve their ability to hold corporate officials liable in big-money securities lawsuits. The current draft of the legislation -- SB 766 -- would make corporate officials liable for securities fraud even if they are not involved with buying stock or if plaintiffs lawyers cannot prove they intentionally made false statements.
ABA TechShow Swings Into Chicago
Chicago is known for many things, e.g., jazz, wind, and home to the American Bar Association. But it's also the host of the annual ABA TechShow and home to technology manufacturers, reports LTN's technology editor, Sean Doherty.TRENDING STORIES
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