The closely watched Massachusetts cannabusiness case, Crimson Galeria Limited Partnership, et al. V. Healthy Pharms, Inc., et al., has been dismissed
In Melman (2016 TCC 167), the Tax Court of Canada (“TCC”) upheld gross negligence penalties on the basis that Mr. Melman was wilfully blind to a
St. Vincent Health operates a number of hospitals and health care facilities in central Indiana and employs thousands of people.
On July 22, 2011, the Canadian Securities Administrators (CSA) published amendments to the executive compensation disclosure rules, which will come into force on October 31, 2011.
These appeals arise from the professional disciplinary proceedings against three members of the Institute of Chartered Accountants of Ontario ("ICAO") for their roles in the now defunct Livent Inc.'s ("Livent") 1997 audited financial statements.
A classic race to the courthouse ended in March of this year without a winner.
HMRC and HM Treasury have issued for consultation measures to restrict excess tax relief for employers on asset-backed funding arrangements.
The reporting requirements on company mergers and demergers have been relaxed with effect from 31 December 2010.
In King v. VeriFone Holdings, Inc., No. 330, 2010, 2011 WL 284966 (Del. Jan. 28, 2011), the Supreme Court of the State of Delaware reversed a decision by the Court of Chancery dismissing a derivative plaintiff’s action under Section 220 of the Delaware General Corporation Law seeking books and records of a Delaware corporation.
In In re InterBank Funding Corp. Securities Litigation, No. 09-7167, --- F.3d ----, 2010 WL 5299882 (D.C. Cir. Dec. 28, 2010), the United States Court of Appeals for the District of Columbia Circuit affirmed the dismissal with prejudice of a class action asserting securities fraud claims under Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. 78j(b), and Rule 10b-5, 17 C.F.R. 240.10b-5, based upon a failure to adequately plead the essential element of reliance. The sole issue before the Court was whether the fraud allegations in the complaint involved material omissions, which would allow plaintiffs to invoke the presumption of reliance established by the United States Supreme Court in Affiliated Ute Citizens v. United States, 406 U.S. 128 (1972).