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The Supreme Court’s Omnicare decision clarifies when an opinion stated in a registration statement can give rise to Section 11 liability

USA - March 24 2015 On March 24, 2015, the Supreme Court issued its opinion in Omnicare, Inc. v. Laborers District Council Construction Industry Pension Fund, a highly...

Bradley Meissner, Kevin P. Muck.

GlaxoSmithKline and five executives convicted of bribery in China

China, USA - September 24 2014 On Friday, September 19, 2014, a Chinese court found pharmaceutical giant GlaxoSmithKline guilty of bribing doctors and hospitals in order to...

Jay Pomerantz, Catherine Kevane, Alexis I. Caloza.

Ninth Circuit issues key ruling on pleading of loss causation in securities class actions

USA - August 8 2014 On August 7, 2014, the Ninth Circuit issued a key opinion on the pleading of loss causation in securities class actions, ruling for the first time...

Jennifer C. Bretan, Susan S. Muck, Marie Bafus.

Delaware Supreme Court confirms officers' fiduciary duties and refines the application of the common law doctrine of shareholder ratification

USA - February 18 2009 The Delaware Supreme Court's recent decision in Gantler vs. Stephens (Del. January 27, 2009) where the Court issued a rare reversal of a Court of Chancery decision contains several noteworthy holdings on core corporate governance principles, including "entire fairness" review of a breach of fiduciary duty claim, the fiduciary duties of corporate officers, and the applicability of the common law doctrine of shareholder ratification to corporate transactions....

Lynda M. Twomey, Kevin P. Muck, Douglas N. Cogen.