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Class actions: Seventh Circuit orders dismissal of putative class action under facta for lack of standing

USA - December 27 2016 The Seventh Circuit ordered a district court to dismiss a putative class action this month under the Fair and Accurate Credit Transactions Act...

Michael E. Kientzle, David J. Weiner, Paul Beavers, Colleen S. Lima, Kenneth L. Chernof, Tiffany Ikeda.

Securities: US Supreme Court affirms insider-trading conviction for tipping family relatives

USA - December 27 2016 This month, the US Supreme Court affirmed the conviction for insider trading of Bassam Salman, who had argued that his insider trading conviction...

Michael E. Kientzle, David J. Weiner, Paul Beavers, Colleen S. Lima, Kenneth L. Chernof, Tiffany Ikeda.

California Anti-SLAPP Statute: attorney's communicative acts in representing a client can constitute protected activity

USA - December 27 2016 The California Court of Appeal confirmed in October 2016 (as amended last month) that an attorney's acts in connection with representing a client may...

Michael E. Kientzle, David J. Weiner, Paul Beavers, Colleen S. Lima, Kenneth L. Chernof, Tiffany Ikeda.

Securities: Second Circuit Dismisses "Short Swing" Case Stemming From Facebook IPO

USA - December 6 2016 Section 16(b) of the Securities Exchange Act of 1934 generally requires company insiders to return profits made from the purchase and sale of company...

Michael E. Kientzle, David J. Weiner, Paul Beavers, Colleen S. Lima, Kenneth L. Chernof, Tiffany Ikeda.

California restrictive covenants: Court of Appeal affirms permanent injuction against franchisor's illegal non-compete clause and award of attorney's fees to dealer

USA - December 6 2016 A California court of appeal last month affirmed an award of attorney's fees under the state's Unfair Competition Law (UCL) and a permanent injunction...

Michael E. Kientzle, David J. Weiner, Paul Beavers, Colleen S. Lima, Kenneth L. Chernof, Tiffany Ikeda.