On November 14, 2013, a federal jury in California found that JM Eagle (formerly J-M Manufacturing Company, Inc.) defrauded several states and municipalities by selling them defective plastic pipe in violation of the federal and several state false...
This alert reports a French case that relates to a hedge fund registered in the Cayman Islands, the investment agreement of which was governed by Cayman law, and where the actions complained about (withdrawing from the fund) were arguably strongly...
Court holds that directors may legitimately defer to the views of fellow directors if persuaded that the views are in the best interests of the company. On 18 October, in Madoff Securities International Limited (In Liquidation) v Raven & others,...
The six agencies which make up the Federal Financial Institutions Examination Council (“FFIEC”) have issued a joint statement cautioning financial institutions and their technology service providers regarding Microsoft’s decision to discontinue...
In Angelica Textile Services, Inc. v. Park, a California court of appeal considered the issue whether Angelica’s common-law claims for breach of contract, unfair competition, and interference with business relations would be allowed to proceed...
Amid the optimism surrounding Twitter’s blockbuster IPO last week came a disappointing reflection on America’s progress (or lack thereof) in improving boardroom diversity.... By: Greentarget
Did embattled Yankee third baseman Alex Rodriguez make a sound strategic judgment in walking out of his grievance arbitration hearing yesterday concerning his 211-game, PED-related suspension after the arbitrator denied his request to have MLB...
Annie Clark and her husband, Jim, own a mom-and-pop shop called Black Bear Micro Roastery in Tuftonboro, New Hampshire. Black Bear introduced its Charbucks blend in 1997, which is a dark roast coffee. In 2001, Black Bear was sued in federal...
One might expect plaintiffs to always name the primary violator in a securities fraud suit. However, what if suing the primary violator is not an option because the primary violator is in bankruptcy or the subject of a court ordered stay? Can there...
The below video has actually been out for over a year now, but it recently experienced a resurgence through social media–particularly Facebook. As you will see from watching the video, it documents through time lapse photography the “evolution” that...
