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In re Nektar Therapeutics: Ninth Circuit Affirms Dismissal of Securities Class Action Arising from Failure of Clinical Drug Trial

USA - June 6 2022 On May 19, 2022, a panel of the Ninth Circuit unanimously affirmed the district court’s dismissal of a putative securities fraud class action…

Samantha Kirby, Joshua Walden

Delaware Advance Notice Decisions Highlight Move Toward Enhanced Scrutiny of Board Actions, Even Where Conflicts Exist

USA - April 14 2022 Like US constitutional law, Delaware courts apply a tiered standard of judicial review to actions taken by the Board of Directors of corporations:…

Barbara L. Borden, Cristina Lombardi, Jenna Miller, Ian Nussbaum, Yoana Setzer

Delaware Advance Notice Decisions Highlight Move Toward Enhanced Scrutiny of Board Actions, Even Where Conflicts Exist

USA - April 13 2022 Like US constitutional law, Delaware courts apply a tiered standard of judicial review to actions taken by the Board of Directors of corporations:…

Barbara L. Borden, Cristina Lombardi, Jenna Miller, Ian Nussbaum, Yoana Setzer

Delaware Finds Stockholder Claims Against SPAC Fiduciaries Subject to Entire Fairness Review

USA - January 10 2022 As SPAC IPOs broke records - in both value and volume - in 2020 (and again in 2021), it was inevitable that stockholder litigation would follow. More…

Caitlin Gibson, Bryan Koch, Garth Osterman

Meredith Defeats Securities Class Action in Eighth Circuit

USA - October 29 2021 Litigators secured a victory in the US Court of Appeals for the Eighth Circuit for long-time client Meredith Corporation and four of its senior…

Aaron Binstock, Michael D. Basile, Brian M. French, Patrick Gibbs, Kathleen Hartnett, Kevin Mills, David E. Mills, Julie Veroff, Bingxin Wu