Inside the Courts – An Update From Skadden Securities Litigators - October 2024
By EsqSocial Corporation 02/10/24
Ninth Circuit Affirms Dismissal of Insider Trading Claims Against Satellite Operator Investors Based on Stock Sales After FCC Chairman Vote - In re Silver Lake Grp., LLC Sec. Litig. (9th Cir. July 24, 2024) What to know: The Ninth Circuit affirmed the dismissal of insider trading claims against several large investors in a satellite operator, holding that the plaintiffs failed to sufficiently allege that any defendant investor sold stock with knowledge of the company’s meeting with the FCC...
By: Skadden, Arps, Slate, Meagher & Flom LLP