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Results 1 to 4 of 4

The Supreme Court’s Omnicare decision clarifies when an opinion stated in a registration statement can give rise to Section 11 liability

USA - March 24 2015 On March 24, 2015, the Supreme Court issued its opinion in Omnicare, Inc. v. Laborers District Council Construction Industry Pension Fund, a highly…

Co-authors: Bradley Meissner, Kevin P. Muck.

GlaxoSmithKline and five executives convicted of bribery in China

China, USA - September 24 2014 On Friday, September 19, 2014, a Chinese court found pharmaceutical giant GlaxoSmithKline guilty of bribing doctors and hospitals in order to…

Co-authors: Jay Pomerantz, Catherine Kevane, Alexis I. Caloza.

Ninth Circuit issues key ruling on pleading of loss causation in securities class actions

USA - August 8 2014 On August 7, 2014, the Ninth Circuit issued a key opinion on the pleading of loss causation in securities class actions, ruling for the first time…

Co-authors: Jennifer C. Bretan, Susan S. Muck, Marie Bafus.

Delaware Supreme Court confirms officers' fiduciary duties and refines the application of the common law doctrine of shareholder ratification

USA - February 18 2009 The Delaware Supreme Court's recent decision in Gantler vs. Stephens (Del. January 27, 2009) – where the Court issued a rare reversal of a Court of Chancery decision – contains several noteworthy holdings on core corporate governance principles, including "entire fairness" review of a breach of fiduciary duty claim, the fiduciary duties of corporate officers, and the applicability of the common law doctrine of shareholder ratification to corporate transactions.

Co-authors: Lynda M. Twomey, Kevin P. Muck, Douglas N. Cogen.