Results 1 to 5 of 32

Ninth Circuit Broadens Shareholder Standing to Bring Securities Act Claims

USA - September 30 2021 On September 20, 2021, the Court of Appeals for the Ninth Circuit issued its decision in Pirani v. Slack Techs., Inc., finding that a shareholder who…

Michael L.Spafford, Zoe Lo, Kevin C. Logue, Peter M. Stone

SEC Charges SPAC, Sponsor, Merger Target, and CEOs—Claims SPAC Failed to Conduct Sufficient Due Diligence and Obtains Forfeiture of Founder’s Shares

USA - July 19 2021 Last week, the Securities and Exchange Commission (the “SEC”) announced a settlement of an enforcement action against a special purpose acquisition…

Kevin C. Logue, John P. Nowak, Katherine K. Solomon, Molly Wolfe

New York Appellate Division Wades into Cyan’s Waters with Two New Decisions

USA - December 15 2020 We have previously written about the impact of the 2018 U.S. Supreme Court decision in Cyan Inc. v. Beaver County Emps. Ret. Fund, which held that…

Anthony Antonelli, Michael Fisher, John P. Nowak, Molly Wolfe

First of Its Kind - SEC Settles Charges Against Public Company for Misleading COVID-19 Related Disclosures

USA - December 11 2020 On December 4, 2020, the Securities and Exchange Commission announced the settlement of its first ever enforcement action against a public company for…

Inna Coleman, John P. Nowak, Teri E. O'Brien, James Shea

Delaware Supreme Court Clarifies Elements of Disclosure Claims in Limited Partner Context

USA - June 29 2020 On June 23, 2020, the Delaware Supreme Court (the “Court”) in Dohmen v. Goodman, No. 403, 2019, reframed and answered in the negative two questions of…

Kevin C. Logue, Molly Wolfe