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SEC Requires First Admission of Wrongdoing Under Revised Settlement Policy

On August 19, 2013, the SEC announced that it settled with a hedge fund and its manager (the defendants) and required them to admit wrongdoing. In the consent, the defendants admit to a series of facts, including that the...more

Company's Forward-Looking Statements Protected by the PSLRA's Safe Harbor

On January 2, 2013, the U.S. District Court for the Southern District of New York dismissed a securities class action complaint filed against an online provider of medical information and three of its directors and officers,...more

New York Sees Slight Rise In Bench Representation

The number of women judges in New York has increased 6 percent over the last 10 years, according to a Law360 article on a study conducted at the Albany Law School. The decade-long study, titled Women in Federal and...more

11/5/2012

Delaware Chancery Court Dismisses Merger Litigation Suit

The Delaware Court of Chancery recently ruled that a company's board of directors is vested with discretion to choose between competing buyout offers — even if the ultimate choice is favorable to the personal interests of the...more

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