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Results: 1-10 of 434

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 decision provides guidance for drafting enforceable broker-dealer agreement forum selection clause

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • September 4 2014

On August 21, the US Court of Appeals for the Second Circuit decided two closely watched appeals regarding the intersection of Financial Industry

Second Circuit holds contractual forum selection clause supersedes FINRA mandatory arbitration rule

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 29 2014

On August 21, the US Court of Appeals for the Second Circuit decided two closely watched appeals regarding the intersection of Financial Industry

Securities fraud claim under PSLRA not “frivolous”; sanctions unwarranted

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • February 5 2010

Michael Fishoff sued his former employer, Coty Inc., for alleged violations of the federal securities laws arising from Mr. Fishoff’s attempt to exercise options awarded to him pursuant to the company’s Long Term Incentive Plan

SEC charges executive with insider trading ahead of client announcements

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 29 2014

The Securities and Exchange Commission recently filed a complaint in the US District Court for the Southern District of New York against a director

Exemption to short swing profit liability includes directors by deputization

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 18 2008

Shareholders of Beacon Power Corporation (Beacon) brought a derivative action against, inter alia, investors who were “directors by deputization” and also held more than 10 of Beacon’s stock, alleging that such investors realized short swing profits in violation of Section 16(b) of the Securities Exchange Act of 1934

Third Circuit reinstates conviction for conspiracy to commit securities fraud

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 17 2009

Appellee Kevin Heron, Chief Insider Trading Compliance Officer for semiconductor manufacturer Amkor Technology, Inc., was convicted of three counts of securities fraud, as well as one count of conspiracy to commit securities fraud, based on a purported conspiracy with his neighbor, Stephen Sands, a low-level employee of Neoware, to exchange inside information concerning their respective companies

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

New York Court of Appeals finds life settlement brokers have a fiduciary duty to their clients

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • July 2 2009

In October 2006, the Attorney General of New York State commenced an enforcement action against Coventry First LLC and its parent corporation, executive vice-president and an affiliate (collectively, Coventry First

Court addresses appropriate procedure for lead plaintiff appointment

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • November 11 2011

The United States District Court for the Eastern District of New York recently addressed the question of how to designate a lead plaintiff in a class action brought under the Private Securities Litigation Reform Act (PSLRA) where the original named plaintiff withdraws