Akin Gump Docs Can't Sink USAE Shareholder Suit

Law360, New York (April 13, 2012, 2:15 PM EDT) -- U.S. Aerospace Inc. shareholders suing the company over an alleged boardroom takeover may use an Akin Gump Strauss Hauer & Feld LLP corporate investigation to bolster their case, a California federal judge ruled Wednesday, denying USAE's claims that the probe was confidential.

U.S. District Judge Gary A. Feess denied USAE’s motion to dismiss the suit and oust the firms representing the plaintiffs, Kinsella Weitzman Iser Kump & Aldisert LLP and Bracewell & Giuliani LLP. The firms developed the complaint based largely on Akin Gump’s independent probe of claims...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.