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Alfandary et al v. Nikko Asset Management Co., Ltd. et al
Case Number:
1:17-cv-05137
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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March 31, 2022
Ex-Nikko Execs' Stock Dispute Heads To Trial In New York
A New York federal judge ruled that Tokyo-based Nikko Asset Management Co. will have to face claims from 14 former senior executives and employees who allege the company breached the contract terms in their employee stock plans through a scheme to purchase their shares at an artificially deflated price.
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December 06, 2019
Nikko Trims ERISA Stock Option Suit But Can't Shed It Fully
Nikko Asset Management Co. Ltd. beat the majority of an ERISA suit accusing it of swindling seven former executives out of their stock options on Friday, but a New York federal judge won't let it escape a breach of contract claim.
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November 15, 2019
Ex-Nikko Execs Fight To Keep Stock Option Suit Alive
Former executives who sued Nikko Asset Management Co. Ltd. and its former CEO claiming they were swindled out of their stock options are urging a New York federal judge to keep their case alive, arguing that their claims weren't redundant and belong in the Empire State.
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October 01, 2019
Nikko Gets Fed Claims Cut From $50M Stock-Plan Loss Suit
Nikko Asset Management Co. Ltd. and its former CEO have escaped allegations that they violated federal securities law by manipulating an employee stock option plan, but they still must face state law fraud and contract claims, a New York federal judge has ruled.
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June 19, 2019
Nikko Can't Escape Suit Over $50M Loss To Stock Plan
Nikko Asset Management Co. Ltd. and its CEO must face a lawsuit accusing them of depriving workers of $50 million by manipulating an employee stock option plan, with a New York federal court refusing Wednesday to reconsider its decision to let the suit continue.
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February 28, 2019
Ex-Nikko Execs Fight Bid To Ditch Their Suit Against CEO
Former Nikko Asset Management Co. Ltd. executives and employees have urged a New York federal judge not to toss their suit claiming the company and its CEO defrauded them of millions by manipulating an employee stock-option plan.
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October 04, 2018
Nikko Execs' $50M Suit Against CEO To Stay In US
A New York federal court on Thursday denied a bid by Nikko Asset Management Co. Ltd. to dismiss a suit alleging the company and its CEO defrauded senior executives and other employees out of $50 million by manipulating an employee stock-option plan, finding that the company has enough contact with the U.S. to warrant jurisdiction.
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July 10, 2017
Ex-Nikko Asset CEO Part Of $50M Suit Against Current Chief
The CEO of Nikko Asset Management Co. Ltd. defrauded senior executives and other employees out of $50 million by playing games with a 2009 employee stock-option plan, according to a New York lawsuit lodged Friday by plaintiffs including a former CEO.