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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 B. Colby Hamilton | July 7, 2017
Gerald Cocuzzo pleaded guilty to a single count of securities fraud after prosecutors alleged he was part of a scheme to defraud investors in the LED lighting company ForceField by controlling the price and volume of its shares.
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By C. Ryan Barber | July 7, 2017
CEOs are getting antsy about complying with an SEC rule that would expose compensation divides at companies. The SEC recently took on a "fake news" scheme. Federal trade regulators this week adopted an indemnity policy to protect its employees who get sued. And the Consumer Financial Protection Bureau's taking heat from an unlikely source: the National Credit Union Administration. This is a roundup of regulatory and compliance news from ALM and around the web.
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By thelegalintelligencer | The Legal Intelligencer | July 7, 2017
The plaintiffs, minority shareholders in the defendant business, had knowledge of every shareholder meeting and participated in every vote; thus, their rights were not violated when the majority shareholders voted to sell corporate assets and they had no grounds to stop the sale. The court recommended affirmance of its order denying plaintiffs relief.
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By B. Colby Hamilton | July 6, 2017
The first case on which Milbank, Tweed, Hadley & McCloy partner Sean Murphy was assigned right out of law school in the mid-1990s was in the somewhat unique securities litigation world created by the Investment Company Act of 1940. The beginnings were auspicious, as Murphy has become a leading litigator in the area, helping to make Milbank arguably the top firm to handle investor suits against investment advisers under the even more specific Section 36, which governs fiduciary duties.
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By B. Colby Hamilton | June 30, 2017
Southern District Judge Analisa Torres threw out a class action suit against Deutsche Bank, saying the complaint contained allegations "without any indication of what, specifically, plaintiffs allege to be false or misleading."
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By Scott Flaherty | June 30, 2017
Labaton Sucharow has hired four new lawyers in its securities litigation practice, adding one in its New York office and three others who will beef up the firm's recently launched Washington, D.C., outpost.
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By C. Ryan Barber | June 30, 2017
Deutsche Bank's lawyers at Akin Gump Strauss Hauer & Feld are refusing Democratic lawmakers' demands for Donald Trump's financing records. Dechert partner Steven Bradbury, up for U.S. Transportation general counsel, takes heat over Takata. The U.S. Supreme Court agrees to hear a dispute about Dodd-Frank whistleblower protection. And OSHA's extending the delay on an Obama-era data-reporting rule. This is a regulatory roundup from ALM and around the web.
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By dailyreportonline | Daily Report | June 29, 2017
King & Spalding's 2016 litigation successes included products liability cases, general commercial disputes, environmental litigation and multistate consumer data privacy class actions.
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By Andrew Denney | June 28, 2017
In opening arguments for the securities fraud trial for pharmaceutical executive Martin Shkreli, his attorney called on jurors to keep an “open mind” to weigh accusations against a defendant that they may find detestable.
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By B. Colby Hamilton | June 28, 2017
Former executives of one of Canada's largest energy companies face regulatory action for allegedly artificially lowering the company's operating costs…
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