Delaware Chancery Court dismisses class action lawsuit over sale of warehouse club *

USA - February 11 2013
On January 31, 2013, the Delaware Chancery Court dismissed a shareholder class action in which the plaintiffs alleged that the directors of a…

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Court finds no duty for public company to disclose SEC Wells Notice *

USA - July 30 2012
A federal judge has ruled that a public company did not have a duty to disclose the receipt of a Wells Notice from the SEC.

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SEC releases enforcement and whistleblower statistics *

USA - November 21 2011
On November 9, 2011, the SEC released its enforcement statistics for fiscal year 2011, which ended on September 30.

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Court dismisses shareholder lawsuit against global healthcare company *

USA - November 21 2011
On September 29, 2011, the U.S. District Court in New Jersey dismissed a shareholder derivative lawsuit that alleged that the company's directors breached their fiduciary duties by failing to curb various illegal activities that occurred at the company between 2003 and 2010.

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D.C. Court of Appeals vacates proxy access rule *

USA - July 25 2011
In a much anticipated ruling, on July 22, 2011, the D.C. Court of Appeals held that the SEC was arbitrary and capricious in adopting Rule 14a-11, the proxy access rule, for failing to adequately assess the economic effects of the rule, and vacated it.

Co-authors: Da'Morus A. Cohen, Jason Hartley Barker .

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