We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
In cooperation with Association of Corporate Counsel
  Request new password

Search results

Order by most recent / most popular / relevance

Results: 1-10 of 44

S.D.N.Y. dismissal in Amex indicates how courts should analyze suits spawned by credit crisis

  • Locke Lord LLP
  • -
  • USA
  • -
  • October 1 2008

The United States District Court for the Southern District of New York recently dismissed for a second time a federal securities class action against American Express Co. (“Amex”

D&O policy exclusion barring coverage for securities suits is not limited to only the insured's securities

  • Locke Lord LLP
  • -
  • USA
  • -
  • November 24 2008

The Eighth Circuit Court of Appeals recently upheld an exclusion in a D&O policy barring coverage for suits against officers and directors arising out of the underwriting and sales of securities

SEC proposes roadmap for the use of International Financial Reporting Standards

  • Locke Lord LLP
  • -
  • USA
  • -
  • December 1 2008

Last month, the United States Securities and Exchange Commission (“SEC”) issued a release (“Release”) setting forth a roadmap (“Roadmap”) for the potential use by U.S. issuers of financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board, rather than statements prepared in accordance with U.S. GAAP accounting standards

Second Brocade executive convicted in backdating prosecution

  • Locke Lord LLP
  • -
  • USA
  • -
  • December 7 2007

On December 5, 2007, following a 5 12 day trial in the U.S. District Court for the Northern District of California, a jury convicted Brocade's former head of human resources, Stephanie Jensen, of falsifying corporate records and conspiracy

Delaware Court of Chancery orders disclosure of special committee communications with counsel

  • Locke Lord LLP
  • -
  • USA
  • -
  • December 20 2007

In a seemingly routine discovery order issued in the Maxim stock-option backdating case, the Delaware Court of Chancery issued a decision that could have major ramifications for special committee practice

Supreme Court rules against investors to limit shareholder suits

  • Locke Lord LLP
  • -
  • USA
  • -
  • January 15 2008

In a highly anticipated decision issued this morning, the U.S. Supreme Court upheld the dismissal of a shareholder lawsuit where the plaintiffs failed to establish reliance on any statements made by the defendants

Broad stock option program won't require public company registration

  • Locke Lord LLP
  • -
  • USA
  • -
  • January 8 2008

Fast-growing private companies have sometimes found themselves subject to public company registration as a result of granting stock options to a large number of employees

Current issues in D&O and E&O coverage investigations: SDNY holds that Credit Suisse waived work product privilege by disclosing internal investigation memoranda to the government

  • Locke Lord LLP
  • -
  • USA
  • -
  • February 25 2008

If outside counsel for a company drafts factual memoranda concerning an internal investigation conducted in response to alleged wrongdoing, and then voluntarily shares the memoranda at the company’s direction with government investigators, has the company waived the work product privilege?

SEC launches options backdating suit against Broadcom executives

  • Locke Lord 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

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

  • Locke Lord 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