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Delaware Court of Chancery Dismisses Caremark Claims Against Directors for Failure to Allege Bad Faith Conduct

USA - March 9 2023 On March 1, 2023, the Delaware Court of Chancery dismissed Caremark oversight claims brought against the directors of McDonald’s Corporation for…

Andre G. Bouchard, Susanna M. Buergel, Geoffrey R. Chepiga, Andrew J. Ehrlich, Brad S. Karp, Daniel J. Kramer, Gregory F. Laufer, Daniel S. Sinnreich, Audra J. Soloway

Supreme Court Grants Review to Decide Who May Sue under Sections 11 and 12(a)(2) of the Securities Act

USA - December 27 2022 On December 13, 2022, the Supreme Court of the United States granted certiorari in Slack Technologies, LLC v. Pirani. The case presents the question…

Susanna M. Buergel, Geoffrey R. Chepiga, Andrew J. Ehrlich, Brad S. Karp, Daniel J. Kramer, Gregory F. Laufer, Brian M. Lipshutz, Richard A. Rosen, Kannon K. Shanmugam, Daniel S. Sinnreich, Audra J. Soloway

Second Circuit Rules that Retaliatory Intent is an Element of a Sarbanes-Oxley Whistleblower Claim

USA - August 18 2022 On August 5, 2022, the Second Circuit held that individuals claiming they were terminated in retaliation for protected whistleblower activities under…

Jeremy M. Allen-Arney, Susanna M. Buergel, Geoffrey R. Chepiga, Andrew J. Ehrlich, Daniel J. Kramer, Gregory F. Laufer, Lorin L. Reisner, Daniel S. Sinnreich, Audra J. Soloway

Second Circuit Affirms That Misrepresentations and Omissions Cannot Be the Sole Basis for Liability under Rule 10b-5(a) and (c)

USA - July 20 2022 On July 15, 2022, the Second Circuit held in SEC v. Rio Tinto plc,[2] that the Supreme Court’s ruling in Lorenzo v. SEC[3] did not abrogate the rule…

Aimee W. Brown, Susanna M. Buergel, Geoffrey R. Chepiga, Yahonnes Cleary, Andrew J. Ehrlich, Daniel J. Kramer, Gregory F. Laufer, Walter G. Ricciardi, Richard A. Rosen, Kannon K. Shanmugam, Daniel S. Sinnreich, Audra J. Soloway

Ninth Circuit Analyzes Parallel Conduct Allegations and Does Not Find “Something More” Suggesting an Antitrust Conspiracy

USA - March 9 2022 On March 7, the Ninth Circuit affirmed a lower court’s grant of a motion to dismiss a complaint alleging that manufacturers of dynamic random access…

Joseph J. Bial, Meredith Dearborn, Andrew C. Finch, William B. Michael, Jessica E. Phillips, Jacqueline P. Rubin, Charles F. (Rick) Rule, Joshua H. Soven, Aidan Synnott, Aydan Synnott, Brette Tannenbaum