Delaware Chancery Court expands number of direct claims available to stockholders *

USA - April 1 2013
On March 15, 2013, the Delaware Court of Chancery denied motions to dismiss filed by a group of director defendants and certain affiliated funds for…

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Supreme Court's decision reshapes class certification for future securities class actions *

USA - March 18 2013
On February 27, 2013, the U.S. Supreme Court addressed a long-standing circuit split on the issue of whether, when bringing a securities fraud class…

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Delaware Supreme Court affirms denial of attorneys' fees relating to corporate waste claim based on a board's decision to forego tax deductible corporate bonuses *

USA - January 28 2013
On January 14, 2013, the Delaware Supreme Court affirmed a trial court's denial of attorneys' fees in connection with a corporate waste claim filed…

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Delaware Chancery Court dismisses stockholder's derivative claim because of inadequate representation for failing to first make a section 220 books and records request *

USA - December 10 2012
On September 25, 2012, the Delaware Chancery Court dismissed, with prejudice, a named plaintiff's derivative claim because of inadequate representation.

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Federal court holds that SLUSA allows removal of 1933 class action to federal court *

USA - October 22 2012
On August 23, 2012, the District Court for the Northern District of California issued an opinion that analyzed whether class action lawsuits brought under the Securities Act of 1933 (the "1933 Act") were removable to federal court.

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