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Results: 1-10 of 165

Making a statement: the two faces of Janus in the SDNY

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • May 7 2013

Almost two years after the Supreme Court issued its momentous decision in Janus Capital Group, Inc. v. First Derivative Traders, 131 S. Ct. 2296

Record SEC settlement in S.A.C. Capital investigation. Well.kind of.

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • April 24 2013

On April 16, 2013, Judge Victor Marrero conditionally approved a $600 million consent judgment between the SEC and CR Intrinsic Investors LLC ("CR"

In the SDNY, hindsight is no substitute for red flags when alleging scienter

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • April 16 2013

On April 8, 2013, Judge Shira A. Scheindlin of the Southern District of New York granted auditor Deloitte Touche Tohmatsu CPA's ("DTTC") motion to

New York State Court dismisses RMBS fraud suit against UBS

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • April 15 2013

On April 5, New York Supreme Court Justice Shirley Werner Kornreich dismissed with prejudice a suit brought by six Loreley Financing entities against

Purchase timing a wall to Facebook derivative litigation despite unenforceability of forum selection clause

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • March 26 2013

Four derivative lawsuits against Facebook's directors relating to alleged disclosure issues surrounding the company's initial public offering have a

Prudential sues Bank of America over $2 billion in RMBS

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • March 25 2013

On March 14, several Prudential entities filed suit in the United States District Court for the District of New Jersey against several Bank of

Basic gets complicated: Vivendi rebuts fraud-on-the-market presumption

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • March 12 2013

In what Judge Shira A. Scheindlin of the Southern District of New York called an "extraordinary case," French multimedia company Vivendi, S.A. Has

S.D.N.Y denies motion to dismiss RMBS claims against JPMorgan Chase

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • March 4 2013

On February 26, Judge Jed S. Rakoff of the federal district court for the Southern District of New York issued a memorandum explaining the reasoning

Internal investigation fees awarded to Goldman Sachs

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • March 4 2013

On Monday, February 25, Goldman Sachs won its bid to force former director Rajat K. Gupta to pay legal fees it incurred while investigating Gupta's

Shareholder plaintiffs score a class certification win from SCOTUS

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • February 28 2013

On Wednesday, the Supreme Court issued its decision in Amgen, Inc. v. Connecticut Retirement Plans. In a 6-3 decision authored by Justice Ginsburg