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Results: 1-10 of 427

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

Second Circuit holds mandatory broker dealer arbitration not available to non-customer

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • May 30 2014

On May 15, the US Court of Appeals for the Second Circuit issued a summary order in a closely watched case regarding the circumstances in which a

Supreme Court decides Halliburton Co. v. Erica P. John Fund, Inc.

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 27 2014

On June 23, the Supreme Court in Halliburton Co. v. Erica P. John Fund, Inc. held that a securities class action defendant may introduce evidence at

Ninth Circuit holds assertion of counterclaim does not waive improper venue defense

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • December 3 2010

Investors filed a complaint in the U.S. District Court for the District of Arizona against the former president and CEO of a corporation that no longer had any assets, his wife, and the company’s former securities counsel

Supreme Court holds that proof of loss causation not required at class certification

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

The Supreme Court held Monday that plaintiffs in securities fraud class actions are not required to prove loss causation at the class certification stage of the litigation

Investment Advisers Act has a onethree-year statute of limitations

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • February 13 2009

The U.S. District Court for the Eastern District of Texas adopted the magistrate judge’s findings and recommended disposition and granted summary judgment in favor of the defendants

“Deliberate recklessness” standard should have been applied in scienter analysis

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • February 8 2008

In a Securities and Exchange Commission enforcement action, a federal district court granted defendants’ motions for reconsideration of the entry of summary judgment against them on claims asserted under Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5

Private placement transaction involving foreign company was not within the extraterritorial reach of us securities law

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 24 2012

The US District Court for the Southern District of New York last week denied securities fraud claims against a Chinese law firm, Deheng Law Firm (Deheng), and a partner of that firm because of a lack of jurisdiction over the investment transaction that was at the center of the dispute

Court holds late fee provision is not liquidated damages provision

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 23 2009

The United States District Court for the District of Delaware denied defendant issuer’s motion to dismiss plaintiff’s claims for actual damages resulting from the defendant’s failure to file a registration statement within the time period required by the parties’ agreement

Court grants SEC’s request for permanent injunction, disgorgement and civil penalty

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • January 30 2009

In 2006, the Securities and Exchange Commission brought a civil action against the defendant, alleging a conspiracy to fraudulently manipulate the prices of 24 stocks