January 29, 2018
In its determination to reverse a two-decade slump in U.S. stock listings, a regulator might offer companies an extreme incentive to go public: the ability to bar aggrieved shareholders from suing. The Securities and Exchange Commission in its long history …
September 10, 2012
The New York finance company iStar Financial Inc. has reached a $29 million settlement of a lawsuit accusing it of concealing the impact of deteriorating credit market conditions from investors who participated in a 2007 stock offering. About $27 million …
August 15, 2012
Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein and other bank officials won the dismissal of a shareholder lawsuit accusing them of tolerating poor mortgage practices and quitting a federal bailout program early to boost executive pay. U.S. District Judge …
June 15, 2012
Facebook Inc. and its lead underwriters Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. have requested that shareholder lawsuits over its $16 billion initial public offering be grouped together in Manhattan federal court. In court papers filed …
February 14, 2012
For years, Craig McCann played a prominent role as a top expert witness, his testimony helping to win millions of dollars for investors who sued financial companies. As those victories piled up, brokerages went to war on his credentials, and …
September 19, 2011
Current and former BP executives and directors won dismissal last week of one of several U.S.-shareholder lawsuits filed over last year’s Gulf of Mexico oil spill. A federal court in Houston on Sept. 15 said it was more appropriate that …
May 13, 2011
Shareholders upset with ever-higher executive compensation packages are using new “say-on-pay” votes to challenge the payouts in court, a tactic raising eyebrows among legal experts. The lawsuits are zeroing in on companies that lose these advisory votes by shareholders on …
March 1, 2011
A federal appeals court on Monday gave new life to a shareholder lawsuit accusing MBIA Inc of securities fraud over a reinsurance transaction that caused the bond insurer to restate six years of results. The 2nd U.S. Circuit Court of …
February 15, 2011
Lawyers involved in corporate litigation understandably might want to avoid the newest judge on one of the top U.S. business courts. The judge, Vice Chancellor Travis Laster, has brought some unusual tactics to the bench at Delaware’s Chancery Court, whose …
February 8, 2011
When companies are looking at bad earnings news, a new study from the University of Iowa suggests it’s best for executives to remember what they learned as kids. “If a child does something wrong and tells his mother about it, …