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Yacht Broker Says It 'Has Done Nothing Wrong.' Asks Miami Court to Dismiss the Case
"there is no scheme, no contract, no combination, nor a conspiracy," said one defendant of the antitrust litigation.
Uber's 'Superficial Safety Efforts' Called Out in Derivative Suit
The lawsuit alleges that if Uber's board members and executives had made a point to implement safety measures like screening drivers more carefully, the company might not now be facing liability in the hundreds of cases in which riders, primarily women, say they were sexually assaulted.
These South Florida Yacht Brokers May Need Representation as Antitrust Class Surfaces
"Because this is such a big case, ... we expect other suits to follow," said Ricardo Martinez-Cid, of Miami's Podhurst Oreck.
9th Circuit Rejects Securities Allegations Against Biotech Company's COVID-19 'Cure' Claim
"It seems likely that the bump in the price of Sorrento's stock in the week of May 15 provided it with more revenue from its agreement with Anarki to purchase stock, but Zenoff does not allege any particular improper or inflated sales. Indeed, as defendants note, Zenoff identifies no individual stock sales at all," Judge Consuelo Callahan wrote on behalf of the court.
In re Oracle Corp. Derivative Litig.
Publication Date: 2024-02-19 Practice Area: Mergers and Acquisitions
Industry: E-Commerce |
Software
Court: Court of Chancery Judge: Vice Chancellor Glasscock Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, David Hahn, Friedlander & Gorris, P.A., Wilmington, DE; Christopher H. Lyons, Tayler D. Bolton, Robbins Geller Rudman & Dowd LLP, Wilmington, DE; Randall J. Baron, David A. Knotts, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Gregory Del Gaizo, Robbins LLP, San Diego, CA for plaintiffs. For defendant: Blake Rohrbacher, Susan M. Hannigan, Matthew D. Perri, Daniel E. Kaprow, Kyle H. Lachmund, Richards, Layton & Finger, P.A., Wilmington, DE; Elena C. Norman, Richard J. Thomas, Alberto E. Chávez, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald, Latham & Watkins LLP, San Francisco, CA; Blair Connelly, Latham & Watkins LLP, New York, NY for defendants. Case number: 2017-0337-SG
Court denied corporate benefit fee to plaintiffs who were unsuccessful at trial as the appointment of independent directors to the corporation's special litigation committee was too ancillary a benefit to warrant a fee.
Law Journal Press | Digital Book
State Antitrust Law
Authors: William T. Lifland
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Goldstein v. Denner
Publication Date: 2024-02-05 Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery Judge: Vice Chancellor Laster Attorneys: For plaintiff: Kevin H. Davenport, John G. Day, Jason W. Rigby, Prickett, Jones & Elliot P.A., Wilmington, DE; R. Bruce McNew, Cooch & Taylor P.A., Wilmington, DE; Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, Wilmington; DE; Randall J. Baron, Rick T. Atwood, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Brett Middleton, Johnson Fistel, LLP, New York, NY for plaintiff. For defendant: Stephen E. Jenkins, Richard D. Heins, Ashby & Geddes, P.A., Wilmington, DE; Tariq Mundiya, Sameer Advani, Richard Li, M. Annie Houghton-Larsen, Willkie Farr & Gallagher LLP, New York, NY for defendants. Case number: 2020-1061-JTL
Court imposed sanctions in the form of a factual presumption on a key issue, which defendants could only rebut with clear and convincing evidence, after defendants admittedly took no action to preserve electronically stored information in response to litigation hold notices.
Plaintiffs' Lawyers Divided Over Early Mediation of 23andMe Data Breach Cases
Edelson's Rafey Balabanian, in a Jan. 26 motion to appoint him as lead counsel, said a 'rudderless crowd of firms' was attempting to mediate the cases before leadership had been decided and without further investigation of the facts.
From the Bench to Plaintiffs Bar: Why This Judge Switched Gears to Rep Investors in Fraud Cases
"My heart from the beginning of my career has always been on the plaintiff side," said former U.S. Magistrate Judge Sam Sheldon.
In re Fox Corp. Derivative Litig.
Publication Date: 2024-01-08 Practice Area: Corporate Governance
Industry: Investments and Investment Advisory |
Legal Services |
Technology Media and Telecom
Court: Court of Chancery Judge: Vice Chancellor Laster Attorneys: For plaintiff: Joel Friedlander, Jeffrey M. Gorris, Christopher M. Foulds, Friedlander & Gorris, P.A., Wilmington, DE; Julie Goldsmith Reiser, Molly J. Bowen, Brendan Schneiderman, Cohen Milstein Sellers & Toll PLLC, Washington, DC; Katherine Lubin Benson, Lieff Cabraser Heimann & Bernstein, LLP, San Francisco, CA; Nicholas Diamond, Gabriel A. Panek, Lieff Cabraser Heimann & Bernstein, LLP, New York, NY; Ellen Rosenblum, Attorney General, Brian A. de Haan, Senior Assistant Attorney General, Oregon Department of Justice, Portland, OR; Andrew E. Blumberg, Daniel E. Meyer, Bernstein Litowitz Berger & Grossman LLP, Wilmington, DE; Ned Weinberger, Labaton Sucharow LLP, Wilmington, DE; Christopher H. Lyons, Tayler D. Bolton, Robbins Geller Rudman & Dowd LLP, Wilmington, DE; Randall J. Baron, David A. Knotts, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Lee Rudy, Eric L. Zagar, Geoffrey C. Jarvis, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; Jeremy Friedman, David Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY for plaintiffs. For defendant: Case number: 2023-0418-JTL
Court granted the application of a plaintiff team to lead a consolidated derivative action where counsel had organized the stronger litigation team and the selected plaintiffs consistent of public agencies/officials with extensive financial experience.
Fact or Opinion? 2nd Circuit Raises Bar for Investor Fraud Suits
Court upholds dismissal of Philip Morris investors' claim that the cigarette giant made false statements regarding its clinical studies.TRENDING STORIES
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