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7th Circuit Lets Shareholder Intervene in Mootness Fees Spat
"It seems to us that, as an investor in Akorn whose shares' value was affected by the merger and the mootness fees, Frank has a claim in common with the main action; how could it be otherwise?" Judge Frank Easterbrook wrote for the court.
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.
Some Thoughts on Securities Litigation Trends From Either Side of the Bar
Jerry Silk of Bernstein Litowitz and Scott Musoff of Skadden weigh in on what's going on behind the numbers in the latest Cornerstone Research annual report on securities class actions.
Brooklyn Federal Judge Grants Digital Wallet Company's Motion to Dismiss Securities Class Action
A proposed class led by Moset International Company filed a consolidated amended complaint against QIWI in July 2021.
SEC's Busy Week Sends Wave of Work to Big Law
Wilmer, Sidley, King & Spalding, Skadden and many others in Big Law are advising corporate insiders, companies, financial firms and others caught up in the SEC's latest enforcement actions.
Law Journal Press | Digital Book
Anatomy of a Merger: Strategies and Techniques for Negotiating Corporate Acquisitions
Authors: James C. Freund
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US Judge Allows EV Startup Canoo to Advance Lawsuit Against Investor
Canoo is represented by Kirkland & Ellis partner Aaron Marks, who argued in an amended complaint filed in September 2022 that DD Global owed disgorgement of $61 million in short-swing profits from transactions in 2021 and 2022.
Here's Why a Delaware Judge Says TransPerfect's 14th Deal-Protesting Case Should Be Dismissed
Martin Russo, an attorney for TransPerfect, said he believes U.S. Magistrate Judge Jennifer L. Hall took months to come to an "erroneous reasoning" because TransPerfect had the better arguments on the merits.
Six Flags Entertainment Stockholder Class Wants Florida Pension Fund as Named Plaintiff
The Six Flags defense was only raised once Oklahoma Firefighters sought to moot a potential class certification argument by amending the complaint. attorney Lewis T. LeClair said.
Skadden Lands Morrison & Foerster Securities Litigation Co-Chair
Mark Foster is Skadden's first lateral partner hire of 2023, highlighting the law firm's focus on securities litigation, especially in Northern California.
Dismissal of Bulk of Twitter Shareholder Claims Still Leaves Door Ajar for Recovery of Damages
Delaware law makes it difficult for shareholders to qualify as third-party beneficiaries and sue in the place of corporations when making contract claims.TRENDING STORIES
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