TOP NEWS
Catching Up With Delaware's Chancery Court
By Katryna Perera and Jeff Montgomery
Delaware's Court of Chancery showed new resistance to suits alleging corporate weaponizing of advance notice bylaws, and a new report highlighted the high fees that attorneys are cashing in on in Delaware courts compared to the federal court system. Several new suits were also filed concerning allegedly under- or overvalued sales and acquisitions being pushed through.
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POLICY & REGULATION
EQUITY
9th Circ. Revives Real Estate Investor Securities Suit, Again
By Bonnie Eslinger
The Ninth Circuit on Tuesday once again revived a proposed securities class action accusing investment guru Grant Cardone of making misleading social media statements to sell interests in his companies' real estate investment funds, holding, among other findings, that the complaint sufficiently alleged Cardone "subjectively disbelieved" certain stated projections.
Opinion attached |
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First Republic Brass Beat Investor Suit Over Bank Failure
By Katryna Perera
A California federal judge dismissed for good a shareholder suit against the former directors and officers of now-failed First Republic Bank and its auditor over the lender's 2023 collapse, finding that the plaintiffs failed to first exhaust their required administrative remedies and, therefore, the court does not have jurisdiction to hear the case.
Order attached |
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CRYPTOCURRENCY
EXPERT ANALYSIS
LEGAL INDUSTRY
Wis. Judge Can't Wield Immunity For Obstructing ICE, DOJ Says
By Lynn LaRowe
The U.S. Department of Justice has urged a Wisconsin federal judge to reject a state court judge's argument that judicial immunity blocks her prosecution for allegedly obstructing an ICE arrest at a Milwaukee courthouse, saying that while judges may be immune from civil liability for official acts, they are not shielded from prosecution for supposedly criminal conduct.
2 documents attached |
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