Class actions as we know them in the U.S. are virtually unheard of in Europe, and corporations located in the EU would like to keep it that way. Hence, a…
Lawyers and other professionals apparently have little to fear about being targeted for aiding corporate fraud, based on oral arguments before the U.S. Supreme Court today.
The U.S. Supreme Court hears arguments today in a case that will determine whether investors can sue company advisers—including lawyers—for aiding fraud.
Law professors are drawing on colorful comparisons to stress the importance of a lawsuit that seeks to hold third parties accountable for corporate wrongdoing.
In Stoneridge Investment Partners v. Scientific-Atlanta…
A former official with the Securities and Exchange Commission thinks his former employer is taking out its frustration over a failed reporting rule on general counsel.
Donald Rosenberg appears to have a habit of replacing high-tech general counsel who leave their posts under a cloud. He is leaving his job at Apple Inc. and being replaced…
High-profile business cases are back before the U.S. Supreme Court after a term in which the justices handed big wins to corporate defendants in antitrust, patent and securities law cases.
After the 9/11 terrorist attacks, Morgan Stanley said it couldn’t produce a number of e-mails in arbitration cases because they had been destroyed along with the company’s New York City…
With a $57.5 million Kansas class action settlement just announced by Sprint-Nextel Corp., the company’s settlement agreements in three cases during the past month now total nearly $150 million.
A Miami-area lawyer who lost a $600,000 investment in WorldCom stock may pursue his suit against Nasdaq Stock Market Inc. because of an en banc ruling of a federal appeals…
Chief Justice John G. Roberts Jr. has apparently sold his stock in Cisco Systems Inc., the parent company of a litigant in a case that could increase liability for law…
A well-known law firm and the CEO of Apple Inc. may provide evidence in the civil fraud case against the company’s former general counsel, Nancy Heinen.
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