Similar to class actions generally, exploring ethics issues in securities class action litigation (specifically fee-splitting), and how that affects settlement value for plaintiff investors
By Mason Lawlor | September 8, 2023
BurgerFi International, the owner behind the "better burger" brand under the same name and the pizza and wings concept under Anthony's Coal Fired Wings & Pizza, was sued in April for federal securities violations allegedly on the part of current and former executives.
2 minute read
By Emily Cousins | September 8, 2023
"While they initially agreed to sell the company for $61 per share, less than a year later they hastily acceded to Amazon's demand to reduce the price to $51.75 per share, which represents a mere 2% premium to iRobot's hugely depressed trading price in August 2022, before Amazon's proposal," the complaint said.
4 minute read
Delaware Business Court Insider
By Ellen Bardash | September 8, 2023
The complaint brings breach of fiduciary duty, unjust enrichment and contribution and indemnification claims against current and former Nikola management.
3 minute read
By Ben Riemer | September 7, 2023
Texas courts have long struggled to define precisely what fiduciary duty entails.
5 minute read
By Maydeen Merino | September 5, 2023
"This could be part of a trend that we're going to see moving forward with multiple SEC rulemakings," attorney David Adams said. "A lot is riding on this particular case, across the board."
5 minute read
By Colleen Murphy | September 5, 2023
This complaint was first surfaced by Law.com Radar.
4 minute read
By Stephen Blake and Sareen Armani | September 4, 2023
A wave of "conservative" political lawsuits and advocacy campaigns seeking to advance "anti-ESG" or "anti-woke" themes have resulted in certain companies de-emphasizing disclosure of their ESG initiatives, according to Simpson Thacher & Bartlett's Stephen Blake and Sareen Armani.
9 minute read
By Maydeen Merino | August 31, 2023
"Lawyers are giving clients the best advice at the moment without the benefit of a crystal ball," said regulatory attorney Lara Gatz.
4 minute read
By Jimmy Hoover | August 29, 2023
Federal government says the use of administrative law judges in assessing civil fines does not violate the constitutional right to a jury trial.
7 minute read
By Jay A. Dubow, Joanna J. Cline and Erica H. Dressler | August 28, 2023
Recent decisions by the Delaware Court of Chancery demonstrate that when a SPAC transaction and the disclosures surrounding it are challenged, defendants may face an uphill battle to prevail on a motion to dismiss, especially where breach of fiduciary duty claims have been asserted.
7 minute read
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Professional Announcement
Frederick D. Miceli has joined the firm as Of Counsel
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