In a unanimous decision handed down on June 5, 2017, the U.S. Supreme Court has imposed what in many cases may be a substantial limitation on the
This third installment of our series delves into the following issues: (1) Are life settlements viewed as securities under applicable state law? (2)
In a 5-4 decision, a sharply divided U.S. Supreme Court ruled yesterday in the CalPERS v. ANZ Securities, Inc. case (No. 16-373) that the filing of a
Just like that, the NewmanSalman insider trading saga has come to a close. For now, at least. These cases have generated a good bit of ink on this
The US Supreme Court last week delivered another blow to the unsteady secondary loan market industry by denying a request for certiorari in an
The Delaware Court of Chancery’s June 30, 2016 decision in In re Volcano Corporation Stockholder Litigation, C.A. No. 10485-VCMR, extends to a
On September 13, 2011, Judge Mary F. Walrath of the United States Bankruptcy Court for the District of Delaware granted standing for an equity committee in In re Washington Mutual, Inc. (“WaMu”) to seek “equitable disallowance” of claims held by noteholders that had traded claims after engaging in negotiations with WaMu over the terms of a global restructuring.
Management in public companies often struggles to determine how much or how little to disclose in connection with offerings of securities.
The Seventh Circuit denied an en banc review of the panel's refusal to reverse all of Conrad Black's fraud convictions.
The U.S. Department of Labor recently argued that a three-judge panel of the Ninth Circuit got it wrong when it adopted the "Moench presumption" for assessing whether fiduciaries invested imprudently in employer stock in Quan v. Computer Sciences Corp., _ F.3d _, 2010 WL 3784702 (9th Cir. Sep. 30, 2010).