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On April 28th, the federal district court overseeing a class action securities fraud lawsuit against Washington Mutual, Inc. granted the motions submitted by former directors of WaMu and WaMu's auditor, Deloitte & Touche, seeking dismissal of the fraud and negligent misrepresentation claims asserted against them
On August 30th, the Tenth Circuit vacated the trial court's sua sponte preliminary injunction requiring ClearOne to advance the legal fees and costs incurred by its former CEO who faced criminal securities fraud charges
On July 1st, the Second Circuit vacated the convictions of a former senior executive of U.S. Food Services that stemmed from his alleged involvement in an accounting fraud
