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By Riley Brennan | March 22, 2023
"A careful review of the allegations in the Second Amended Complaint makes clear that the FTC has plausibly alleged that Dennis made misleading and material representations regarding customers' potential earnings from Raging Bull's products. First, the FTC plausibly alleges that Dennis made income-related 'representations' through electronic means which were directed at consumers," said U.S. District Judge George L. Russell, III, for the District of Maryland.
4 minute read
By Ellen Bardash | March 20, 2023
A complaint in the global Chapter 11 case was filed Sunday by Sullivan & Cromwell and Landis, Rath & Cobb attorneys "in response to serial threats" to relocate the case.
3 minute read
By Allison Dunn | March 20, 2023
"Merely alleging a daily monitoring function and the participation in the preparation of public statements does not allow this Court to infer that Volkswagen AG 'collaborated with the authors to such an extent that they controlled the [press release's] publication,'" Alston wrote, citing the Second Circuit's 2022 holding in Noto v. 22nd Century Grp. Inc. "In other words, the Amended complaint does not sufficiently allege that Individual Defendants and VWGoA more broadly 'lacked final control over the [press release's] contents or did not make the ultimate decision as to what specific information to include.
6 minute read
By Jack Womack | March 20, 2023
Under the terms of the Swiss bank's acquisition by UBS, $17 billion of Credit Suisse bonds have been written off.
2 minute read
By Jack Womack | March 20, 2023
Under the terms of the Swiss bank's acquisition by UBS, $17 billion of Credit Suisse bonds have been written off.
2 minute read
By Jack Womack | March 20, 2023
Under the terms of the Swiss bank's acquisition by UBS, $17 billion of Credit Suisse bonds have been written off.
2 minute read
By Jack Womack | March 20, 2023
Swiss firms and US firms, including Davis Polk and Sullivan & Cromwell, appear to have taken to top roles on the 'emergency rescue' over the weekend to create a banking giant with a combined market capitalization of $65 billion.
3 minute read
By Brad Kutner | March 17, 2023
While investigations are yet to be confirmed, SEC Chair Gary Gensler released a statement earlier this week that warned he was watching for anything unscrupulous in the wake of SVB's closure and federal takeover.
4 minute read
By Patrick Smith | March 17, 2023
Longtime S&C senior chair Rodgin Cohen is representing First Republic, while Davis Polk is working with the 11 largest banks making investments in First Republic.
3 minute read
Delaware Business Court Insider
By ALM Staff | March 16, 2023
This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read
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