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ENFORCEMENT & COMPLIANCE
LITIGATION
New Class Action Claims CIBC, RBC Rigged Quantum Shares
By Katryna Perera
A Quantum Biopharma investor has filed a proposed class action against several major Canadian banks, accusing them of running a spoofing scheme for years that artificially drove down Quantum's stock price — flooding exchanges with fake sell orders to mislead the market and buy shares at deflated prices, costing ordinary shareholders millions.
Complaint attached |
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POLICY & REGULATION
LEGAL INDUSTRY
Catching Up With Delaware's Chancery Court
By Jeff Montgomery
Delaware's justices threw the Court of Chancery in reverse big time last week, rescinding a decision by the state's chancellor that last year effectively canceled tech tycoon Elon Musk's multi-year, then-$56 billion stock-based compensation package. It was a decision that lit up the court's relatively low-key, pre-holiday wind-up. It also highlighted the endless, 3D tug of war over Delaware-chartered companies and the interests of boards, officers, controllers, stockholders and the corporate bar.
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