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Results: 1-10 of 75

Attendance at executive committee meetings insufficient to satisfy group pleading doctrine

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 22 2010

The U.S. District Court for the Southern District of New York recently granted defendants’ motions to dismiss a consolidated class action asserting claims for securities fraud in violation of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 brought by shareholders of Celestica, Inc., a Canadian electronics corporation, against the company and its former officers, as well as against Onex Corporation, the largest controlling shareholder of Celestica, and Onex’s CEO (together, the Onex defendants) based on, among other things, the plaintiffs’ failure to plead fraud with the specificity required by Rule 9(b) of the Federal Rules of Civil Procedure

Delaware Court upholds transfer of voting interests to an existing LLC member

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 12 2011

The Delaware Court of Chancery has upheld the assignment of a Delaware limited liability company membership interest, including the voting rights associated with that interest, to an existing member of the LLC

Whistleblower’s claim dismissed for lack of subjective belief

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • July 2 2010

The U.S. Court of Appeals for the Eleventh Circuit upheld the U.S. Department of Labor’s review of a summary dismissal of a whistleblower complaint filed by petitioner Michael Gale, the Chief Operations Officer and a director of World Securities Group (WSG), the affiliated broker-dealer of World Financial Group (WFG

Late service provides basis for denial of motion to vacate arbitration award

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • July 2 2009

A federal court has denied a motion to vacate an arbitration award where notice of the motion was served four days after the statutory period for such service

Court applies alter ego doctrine to deny motion to dismiss for lack of personal jurisdiction

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 16 2012

An Arizona district court recently relied on the alter ego doctrine to deny a motion to dismiss for lack of personal jurisdiction in a case involving breach of a partnership agreement and trademark infringement

Seller entitled to post-closing bonus payment despite changes to transaction terms

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 13 2012

The Delaware Supreme Court recently reversed a Superior Court’s grant of summary judgment in a case involving the sale of a renewable energy business

Court finds arbitration clauses cell phone contracts do not apply to collection agency

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 19 2011

Customers who had signed cell phone contracts with Verizon and AT&T, brought a class action against the collection agency that the phone companies hired to collect unpaid fees and charges

Start-up company fails to recover profits

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • December 17 2010

A federal court in New York recently ruled that a start-up mineral water company had no recourse to the "wrongdoer rule," which permits a complainant to recover damages in a breach of contract action even if the amount of damages is uncertain, because the company did not have sufficient proof that it suffered any damages at all

Seventh Circuit cuts damages award due to lack of evidence of lost profits

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • September 9 2011

The U.S. Court of Appeals for the Seventh Circuit dramatically reduced damages awarded to a defunct internet marketing company, finding that the company squandered its opportunity to provide a reasonable estimate of the harm it suffered as a result of the defendant’s conduct

Class certification of fraud claim denied

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • January 28 2011

A federal district court recently held that a group of aggrieved consumers will not be able to pursue their fraud claims as a class against the company that purportedly deceived them because the company's growing awareness that the customers would not receive their merchandise raised questions of fact requiring individualized adjudication