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Results: 1-10 of 81

Class dismissed: ZIP code collection lawsuit in D.C.

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • March 26 2014

A District of Columbia federal court recently dismissed a putative class action brought against two retailers for collecting customers' ZIP codes in

SEC launches options backdating suit against Broadcom executives

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 5 2008

The SEC has filed a civil action against four Broadcom executives and its General Counsel in connection with alleged options backdating activity at the company between 1998 and 2003

Third Circuit revives Vioxx derivative suit against Merck

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 10 2007

The Third Circuit Court of Appeals recently ruled that the New Jersey federal district court improperly dismissed derivative claims against certain of Merck & Co.'s officers and directors

Shareholder brings derivative action against life carrier’s officers and directors targeting unclaimed property practices

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • February 3 2012

Yet another lawsuit has been filed targeting a leading life insurer’s claims settlement practices for unpaid death benefits

Demand not futile in shareholder derivative litigation arising out of proposed ACS buyout

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 14 2009

Shareholders for Affiliated Computer Systems, Inc. (ACS), a Fortune 500 company in the information technology sector, filed suit against ACS and certain of its directors in Delaware state court in early 2007

New York state court reverses demand futility dismissal although board had formed an SLC before litigation was filed

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 20 2009

New York's First Department recently issued a decision addressing the circumstances under which a company's appointment of a special litigation committee (“SLC”) can shield its directors and officers from shareholder derivative litigation

Delaware Supreme Court affirms oversight standard

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 17 2007

In Stone v Ritter, et al, 2006 WL 3169168 (Del Nov 6, 2006), the Delaware Supreme Court affirmed the Court of Chancery’s dismissal of a derivative action against certain current and former directors of AmSouth Bancorporation (“AmSouth”), a Delaware corporation which paid approximately $50 million dollars in fines and penalties in order to resolve investigations for alleged violations of the federal Bank Secrecy Act and federal anti-money laundering regulations

Massachusetts federal court: subsequent demand moots demand-excused derivative suit

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 25 2008

The United States District Court for the District of Massachusetts recently granted a motion to dismiss a “demand excused” shareholder derivative suit on the basis that the suit was mooted by the plaintiffs’ subsequent demand letter

Florida federal court decision certifying statutory fraud class action highlights statutory fraud claims as a basis for class certification

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 12 2010

Allison Nelson filed a putative class action alleging that Mead Johnson violated the Florida Deceptive and Unfair Trade Practices Act ("FDUTPA") by misrepresenting its Enfamil LIPIL infant formula as the only infant formula that contains DHA and ARA

Delaware Court of Chancery rejects attempt by a director to pursue a derivative action on behalf of the corporation

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 19 2007

In Schoon v. Smith, C.A. No. 1753-N (Del. Ch. Sept. 7, 2006), the Delaware Court of Chancery rejected an attempt by a director to pursue, in his capacity as such, a derivative action on behalf of the corporation he served