Delaware Court of Chancery Finds that Director’s Email on Outside Email System Remains Confidential; Delaware Supreme Court Overrules Longstanding Precedent Regarding Derivative Versus Direct Standing; SEC Files Crowdfunding...more
10/8/2021
/ Anti-Fraud Provisions ,
Attorney-Client Privilege ,
Board of Directors ,
Cannabis-Related Businesses (CRBs) ,
Class Action ,
Crowdfunding ,
DE Supreme Court ,
Demand Futility ,
Derivative Suit ,
Dilution ,
Dismissals ,
Email ,
Enforcement Actions ,
Facebook ,
Failure To Disclose ,
FDA Approval ,
Investors ,
Mark Zuckerberg ,
Minority Shareholders ,
Misleading Statements ,
Omissions ,
Putative Class Actions ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Unregistered Securities
Northern District of California Dismisses Shareholder Derivative Suit Concerning Lack of Diversity; Delaware Court of Chancery Dismisses Stockholder Suit Against Medical Device Company for Failure to Plead Demand Futility;...more
9/8/2021
/ Appeals ,
Board of Directors ,
Breach of Duty ,
Class Action ,
Corporate Officers ,
Derivative Suit ,
Dismissals ,
Diversity ,
False Statements ,
Fiduciary Duty ,
Initial Public Offering (IPO) ,
Investment Adviser ,
Investment Companies ,
Investment Company Act of 1940 ,
Material Misstatements ,
Misleading Statements ,
Money Laundering ,
Omissions ,
Private Equity Funds ,
Proxy Statements ,
Putative Class Actions ,
Securities Fraud ,
Securities Litigation ,
Shareholder Litigation ,
Special Purpose Acquisition Companies (SPACs)
Northern District of California Kicks Shareholder Derivative Suit Against Alphabet, Inc. For Failing to Allege Demand Futility; Rare Securities “Holder’s Claim” Trial Results in Jury Verdict for Defendants; Delaware Court of...more
8/17/2021
/ Appeals ,
Board of Directors ,
Breach of Duty ,
Demand Futility ,
Derivative Suit ,
Discovery ,
Dismissals ,
False Statements ,
Fiduciary Duty ,
Investors ,
Jury Verdicts ,
McDonalds ,
Misleading Statements ,
Motion to Amend ,
PSLRA ,
Putative Class Actions ,
Race Discrimination ,
Remand ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Sexual Harassment ,
Shareholder Litigation ,
Shareholders ,
Unjust Enrichment
Federal Reserve Hints at Government-Backed Cryptocurrency; Third Circuit Affirms Dismissal of Securities Fraud Class Action Against Shutterfly Inc. Regarding Allegedly Misleading Financial Projections; Ninth Circuit Holds...more
6/4/2021
/ Cease and Desist Orders ,
Class Action ,
Corporations Code ,
Cryptocurrency ,
Digital Currency ,
Dismissal With Prejudice ,
Dismissals ,
Federal Reserve ,
Federal Rules of Civil Procedure ,
Investors ,
Judicial Notice ,
Loss Causation ,
Misleading Statements ,
Pleading Standards ,
Private Securities Litigation Reform Act of 1995 ,
Proxy Statements ,
Putative Class Actions ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Shareholders ,
Shutterfly ,
Uber
SEC’s Disgorgement Authority Expanded Under National Defense Authorization Act for Fiscal Year 2021; Delaware Court of Chancery Rejects Derivative Claim Based On Deficient Anti-Money Laundering Compliance Efforts: “Bad...more
1/13/2021
/ Anti-Money Laundering ,
Breach of Duty ,
Derivative Suit ,
Disgorgement ,
Duty of Loyalty ,
Enforcement Authority ,
Failure To State A Claim ,
Motion to Dismiss ,
NDAA ,
Personal Jurisdiction ,
Putative Class Actions ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Shareholders ,
Unjust Enrichment