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Results: 1-10 of 116

Ninth Circuit holds that federal securities laws preempt California Labor Code's ban on forced patronage at brokerage firms

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • May 9 2013

In McDaniel v. Wells Fargo Investments, LLC, Nos. 11-17017, 11-55859, 11-55943, 11-55958, 2013 WL 1405949 (9th Cir. Apr. 9, 2013), the United States

United States Supreme Court decides question of corporate liability under Alien Tort Statute on broader grounds

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • April 25 2013

In Kiobel v. Royal Dutch Petroleum Co., No. 10-1491, 2013 WL 1628935 (U.S. Apr. 17, 2013), the Supreme Court of the United States addressed the

Delaware Supreme Court affirms preclusive effect of non-Delaware dismissals and rejects irrebuttable presumption that a derivative plaintiff who fails to conduct a Section 220 inspection is an inadequate representative

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • April 23 2013

In Pyott v. Louisiana Municipal Police Employees' Retirement System, No. 380, 2012, 2013 WL 1364695 (Del. Apr. 4, 2013), the Delaware Supreme Court

Seventh Circuit affirms dismissal of securities fraud class action, remanding question of sanctions against plaintiffs' counsel

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • April 9 2013

In City of Livonia Employee Retirement System v. Boeing Co., Nos. 12-1899, 12-2009 2013 WL 1197791 (7th Cir. Mar. 26, 2013), the United States Court

Second Circuit reverses class certification order, holding that a clearing broker's alleged knowledge of fraud against shareholders, absence direct involvement, is insufficient to create a duty of disclosure

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • March 27 2013

In Levitt v. J.P. Morgan Securities, Inc., No. 10-4596, 2013 WL 1007678 (2d Cir. Mar. 15, 2013), the United States Court of Appeals for the Second

Second Circuit reverses dismissal of Section 11 and 12(a)(2) claims, holding that plaintiff's allegations were sufficient to plead a reasonable inference of misrepresentations in a prospectus

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • March 11 2013

In New Jersey Carpenters Health Fund v. Royal Bank of Scotland Group, PLC, 2013 U.S. App. LEXIS 4317 (2d Cir. Mar. 1, 2013), the United States Court

Third Circuit reinforces limits to directors' exposure for misconduct by corporate employees

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • March 7 2013

In Belmont v. MB Investment Partners, Inc., No. 12-1580, 2013 WL 646344 (3d Cir. Feb. 22, 2013), the United States Court of Appeals for the Third

United States Supreme Court holds that class action securities fraud plaintiffs need not prove the materiality of the alleged false statements or omissions to support certification of a class, resolving circuit split

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • March 7 2013

In Amgen Inc. v. Connecticut Retirement Plans & Trust Funds, No. 11-1085, ___ WL ______ (U.S. Feb. 27, 2013), the United States Supreme Court

United States Supreme Court declines to apply the "discovery rule" to extend the five-year statute of limitations for SEC punitive fraud enforcement actions

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • March 6 2013

In Gabelli v. Securities & Exchange Commission, No. 11-1274, 2013 WL 691002 (U.S. Feb. 27, 2013), the United States Supreme Court, in a unanimous

California Supreme Court resolves Court of Appeal split, holding that Section 2010 of the California Corporations Code -- California's "Survival Statute" -- does not apply to foreign corporations

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • February 27 2013

In Greb v. Diamond Int'l Corp., 2013 WL 628328 (Cal. Feb. 21, 2013), the California Supreme Court unequivocally and unanimously laid to rest the