Going, Going, Gone
- Mar 14 2018
“Timing is everything”, it is often said. A fine illustration of this often-uttered phrase can be found in Reverend C.T. Walker Housing Dev. Fund Corp. v. City of New York …
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Credit Suisse Hit with Two Class Action Lawsuits
- Mar 9 2018
Recently, Credit Suisse (the “Bank”), the multinational financial services holding company based in Switzerland, was hit with two class action lawsuits, one from investors over the Bank’s writedown of more than $1 …
SEC ENFORCEMENT NEWS: PROTECTING ADVISORY CLIENTS FROM UNDISCLOSED CONFLICTS OF INTEREST IN THE SALE OF MUTUAL FUND SHARE CLASSES
- Mar 7 2018
Ameriprise Settles with The SEC for Overcharging Retirement Account Customers for Mutual Fund Shares On February 28, 2018, just a few weeks after launching its Share Class Selection Disclosure Initiative …
U.S. SUPREME COURT TO HEAR ARGUMENT CONCERNING STATUS OF SEC ADMINISTRATIVE JUDGES
- Mar 5 2018
On February 23, 2018, the U.S. Supreme Court set oral argument in Lucia v. SEC, 17-130, a case involving the use of administrative law judges (“ALJ”) by the Securities and …
The Majority Owners Of Bareburger Are Told By The New York Supreme Court That They Can’t Have It Their Way
- Mar 2 2018
The parties in Stravroulakis v. Pelakanos, 58 Misc.3d 1221(A) (Sup. Ct. N.Y. Co. Feb. 13, 2018), are the owners of Bareburger. The majority owners attempted to oust a shareholder by …
“Utterly Useless” Disclosure-Only Settlement In Merger Objection Lawsuit Rejected By Court
- Feb 28 2018
Since the summer of 2015, the Delaware Chancery Court has issued a series of rulings in which disclosure-only settlements in merger objection lawsuits have been rejected. Those rulings culminated with …
U.S. Supreme Court Unanimously Narrows The Definition Of Whistleblower Under Dodd-Frank
- Feb 26 2018
On February 21, 2018, the United States Supreme Court ruled that the anti-retaliation protections passed by Congress after the 2008 financial crisis extend only to individuals who report suspected violations …
New York Court of Appeals Analyzes Third-Party Beneficiary Status in Construction Cases
- Feb 23 2018
In Dormitory Authority of the State of New York v. Samson Construction Co. (Feb. 15, 2018), the New York Court of Appeals was called on to address, inter alia, the …
In Focus: Class Action Lawsuits
- Feb 19 2018
Through the years, numerous class action lawsuits have been brought involving securities fraud, corporate misconduct, unfair business practices and other claims. This article provides a brief overview of class action …
New York Court Of Appeals Rules On Appropriateness Of Discovery From “Private” Facebook Account
- Feb 16 2018
The New York Court of Appeals rules that a litigant must produce information from her Facebook account notwithstanding her chosen “privacy” settings. The plaintiff in Forman v. Henkin (February 13, …
