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Putative Class Actions Securities and Exchange Commission (SEC) Corporate Governance

A&O Shearman

Southern District Of California Dismisses Putative Securities Class Action Arising From Failed Business Combination

A&O Shearman on

On July 15, 2025, Judge Cathy A. Bencivengo of the United States District Court for the Southern District of California dismissed with prejudice a putative securities class action against an U.S.-based telecommunications...more

A&O Shearman

Tenth Circuit Court Of Appeals Affirms Dismissal Of Securities Class Action Against Online Retailer

A&O Shearman on

On October 15, 2024, a three-judge panel of the United States Court of Appeals for the Tenth Circuit affirmed a decision by the United States District Court for the District of Utah granting a motion to dismiss a putative...more

A&O Shearman

Northern District Of California Grants Motion To Dismiss Putative Class Action Against Financial Technology Company For Failure To...

A&O Shearman on

On August 26, 2024, Judge Araceli Martínez-Olguin of the United States District Court for the Northern District of California granted a motion to dismiss a putative securities class action asserting claims under Sections...more

BCLP

Recent case highlights potential pitfalls of informal communications with analysts

BCLP on

A recent court case highlights the potential pitfalls for public companies engaging in informal communications with analysts. The court found that paraphrased statements attributed to an officer in an analyst’s report can be...more

Morgan Lewis

The Future of SPACs: Increasing Litigation and Regulation

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So far in 2021, we have seen more than 500 Special Purpose Acquisition Companies (SPACs) go public and raise more than $123 billion, and more than 160 of these “blank check firms” complete mergers with or acquisitions of...more

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