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Remand appropriate because fraud claim did not necessarily raise federal issue
- Katten Muchin Rosenman LLP
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- USA
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- July 10 2009
The plaintiff filed a complaint in California state court alleging four state law causes of action, including claims for fraud, in connection with a "hostile takeover" of the plaintiff
Insider stock sales that were not unusual did not raise inference of scienter
- Katten Muchin Rosenman LLP
- -
- USA
- -
- July 10 2009
Plaintiffs, purchasers of the common stock of a sportswear manufacturing company, commenced a class action litigation against the company and two of its officers and directors, alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934
