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Shah Rahman v. Kid Brands, Inc., et al
Case Number:
12-4257
Court:
Nature of Suit:
3850 Securities, Commodities, Exchange
Companies
Sectors & Industries:
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December 20, 2013
How They Won It: Skadden Shapes Law In Kid Brands Case
In defeating a securities class action targeting children's product maker Kid Brands Inc., attorneys from Skadden Arps Slate Meagher & Flom LLP took aim at the plaintiffs' confidential witness testimony and scored a precedential Third Circuit ruling that demands more from certain plaintiffs making accusations of securities fraud.
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November 15, 2013
Kid Brands Escapes Securities Suit Over Duties Scandal
A Third Circuit panel Friday rejected an investor's attempt to revive a putative securities fraud class action accusing Kid Brands Inc. of obscuring its products' origins to avoid duties and misleading investors about its financial health, finding that the investor did not show intent to deceive.