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Results: 1-10 of 187

Proposed $700 billion bailout plan sparks shareholder derivative action
  • Locke Lord LLP
  • USA
  • September 29 2008

While Congressional leaders continue to negotiate the terms of a bailout plan to relieve mortgage lenders and investment banks of their distressed mortgage debt, a shareholder derivative action has been filed against PFBB Bancorp ("PFBB") and several of its directors and officers in the Delaware Chancery Court to enjoin a proposed merger between PFBB and FBOP Bancorp ("FBOP"


Illinois Supreme Court applies broad “stream of commerce” approach
  • Locke Lord LLP
  • USA
  • April 30 2013

Are you, or your clients, a non-Illinois manufacturer without any offices, assets, property or employees in Illinois and have no license to do


United States Supreme Court rejects presumption of prudence for stock-drop case
  • Locke Lord LLP
  • USA
  • June 26 2014

In a highly anticipated decision, the United States Supreme Court held that fiduciaries of employee stock ownership plans ("ESOPs") are not entitled


California Court of Appeal, Third District holds in-house attorney may be liable for malpractice for failing to warn employee about conflict
  • Locke Lord LLP
  • USA
  • December 4 2013

The California Court of Appeal, Third District, in Yanez v. Plummer, 2013 WL 5915639, Cal. Ct. App. 3d Dist., No. C070726 (Nov. 5, 2013) recently


Massachusetts Supreme Judicial Court expands consumer zip code privacy protection in Tyler v. Michaels Stores
  • Locke Lord LLP
  • USA
  • March 12 2013

In a closely watched case with a somewhat unexpected result, the highest Massachusetts court decided in Tyler v. Michaels Stores that zip codes are


U.S. Supreme Court provides clear guidance and formidable tools for parties seeking to enforce contractual forum-selection clauses
  • Locke Lord LLP
  • USA
  • December 4 2013

On December 3, 2013, the Supreme Court issued an important ruling for companies that routinely conduct business in multiple venues across the


Class dismissed: ZIP code collection lawsuit in D.C.
  • Locke Lord LLP
  • USA
  • March 26 2014

A District of Columbia federal court recently dismissed a putative class action brought against two retailers for collecting customers' ZIP codes in


Recent upsurge of Massachusetts class actions on merchant zip code collection
  • Locke Lord LLP
  • USA
  • October 2 2013

There has been a flurry of class actions filed in the last six months against retailers in Massachusetts alleging improper collection of ZIP codes


Shareholder derivative litigation: a primer for insurance coverage counsel
  • Locke Lord LLP
  • USA
  • December 20 2012

The recent spate of mergers, acquisitions, leveraged dividends and regulatory investigations has led to a much higher frequency of shareholder derivative


Protocol for broker recruiting cannot strip non-signatories of rights
  • Locke Lord LLP
  • USA
  • October 10 2012

A recent decision issued by a FINRA Arbitration Panel in Massachusetts firmly rejected the argument that the terms of the Protocol for Broker Recruiting should be imposed on a non-signatory as purported industry standard