Securities Fraud Trial Over Elon Musk’s 2018 Tweets Draws to a Close February 3, 2023 By Jody Godoy A lawyer for Tesla Inc. shareholders who claim Elon Musk deceived them when he tweeted that he had secured funding...
Tesla, Musk Face Trial in Shareholder Case Over 2018 Tweets January 17, 2023 By Jody Godoy Elon Musk and Tesla Inc. are set to go to trial in San Francisco on Tuesday in a case where...
Familiar Securities Plaintiff Sues to Stop Berkshire’s $11.6 Billion Deal for Alleghany April 14, 2022 By Chad Hemenway At least one shareholder of Alleghany Corp. is unhappy with the insurer’s agreement to be bought by Warren Buffett’s Berkshire...
The Regulatory and Legal Risks Facing Online Broker Robinhood July 2, 2021 By Chris Prentice and Michelle Price Robinhood Markets Inc, the online brokerage at the center of this year’s retail trading frenzy, disclosed on Thursday previously unreported...
Judge Clears Way for Shareholder Suit Against Tesla, Musk Over Going-Private Tweet April 16, 2020 By Jonathan Stempel A federal judge said Tesla Inc. and Chief Executive Elon Musk must face a lawsuit claiming they misled shareholders when...
Critics Say SEC’s Reforms of In-House Trials Fall Short July 13, 2016 By Lisa Lambert The top U.S. securities regulator on Wednesday will try to answer complaints it stacks the deck against defendants at in-house...
Securities Class Action Lawsuits, Settlements Get Smaller January 27, 2015 By Jonathan Stempel The size of federal class action lawsuits accusing companies of securities fraud has dropped significantly, new studies show, as the...
Supreme Court Poised to Decide Future of Securities Class Actions November 18, 2013 By Greg Stohr The U.S. Supreme Court accepted a case with the potential to transform securities litigation, agreeing to reconsider a precedent that...
JPMorgan Guilty Admission Marks Shift in SEC Policy September 20, 2013 By Joshua Gallu The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase & Co. over its handling of a $6.2...
Ex-Merrill Broker, Deutsche Bank to Pay Investor $11 Million April 8, 2013 By Suzanne Barlyn U.S. securities arbitrators ordered a former employee of Merrill Lynch, Deutsche Bank and Oppenheimer & Co. to pay nearly $11...