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April 17, 2024 | The Recorder

Ninth Circuit Affirms Dismissal of Securities Claims Against Gaming Platform

The three-judge panel ruled that the shareholders hadn't provided adequate facts to support their claims that Skillz, represented by Latham & Watkins, misled them.
2 minute read
April 01, 2024 | The Recorder

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.
3 minute read
December 07, 2023 | The Recorder

As 2023 Closes, Here's the Delaware Litigation Elon Musk Still Needs to Worry About

More than a year after trial, there's still no Court of Chancery ruling on whether Tesla's compensation plan for Musk, valued at $56 billion, was fair to shareholders and properly vetted by Tesla's directors.
4 minute read
November 17, 2023 | The Recorder

Delaware Shareholder Lawsuit Against Disney Claims Insider Trading by Execs

The complaint claims that since December 2020, Disney has been misleading investors about its streaming platform by concealing expenses and the difficulty of sustaining subscriber growth.
3 minute read
November 01, 2023 | The Recorder

'When Do We Cross the Line?', Seitz Asks in Appeal of Block's Deal to Acquire Tidal

Block Inc., Jack Dorsey's tech company, is being sued over its acquisition of Tidal, a music streaming service founded by Jay-Z.
4 minute read
October 18, 2023 | The Recorder

Precedent Dismissing Voting Rights Cases 'Falls Far Short,' Attorney for Fox, Snap Shareholders Says

The right to sue, a Bernstein Litowitz partner argued, is implied in every Delaware charter, referencing how in the past the court has analogized charters with contracts, which frequently have implied terms that can be binding.
4 minute read
October 10, 2023 | The Recorder

Lafayette Attorney Indicted for Role in Alleged DC Solar Ponzi Scheme

Ari J. Lauer has also been named in a securities fraud suit brought by the U.S. Securities and Exchange Commission.
3 minute read
October 06, 2023 | The Recorder

SEC Asks Court to Intervene in Twitter Probe, Citing Musk's 'Blatant Refusal' to Testify

An attorney for Elon Musk told the SEC in a letter that conducting another interview is overkill after it did two last year. He suggested the agency was acting in bad faith.
6 minute read
September 21, 2023 | The Recorder

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.
3 minute read
August 22, 2023 | The Recorder

Former NFT Exchange Employee Sentenced to Three Months in Prison in First-of-Its-Kind Case

U.S. District Judge Jesse Furman said he saw a need for a sentence that amounted to "more than a slap on the wrist" in the case.
4 minute read

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