An Australian Federal Court class action lawsuit alleging that the Australian Federal Government failed to disclose to investors the climate change risks associated with the government’s sovereign bonds has survived in part an attempt by the government to have the
Continue Reading Australian Bond Climate Change-Related Disclosure Class Action to Proceed
Jeffrey Lubitz
In the following guest post, Jeffrey Lubitz, Executive Director of ISS Securities Class Action Services, reflects on the 20th anniversary of the Enron scandal and considers the meaning of Enron for institutional investors. A
Continue Reading Guest Post: 20 Years Later: Why the Enron Scandal Still Matters to Investors
In the latest SPAC-related securities class action lawsuit filing, a plaintiff shareholder has filed a securities class action suit against electric vehicle company Lightning eMotors and certain of its directors and officers, after the company disappointed investors in its first
Continue Reading Electric Vehicle Company Hit with Post-SPAC-Merger Securities Suit
The standard view of the Biden Administration SEC under the leadership of Gary Gensler is that the agency will take a more active enforcement approach than was the case during the prior administration. Two developments in the past few days
Continue Reading SEC Moves on Admissions and Compensation Clawbacks Underscore Tougher Enforcement Approach
As readers will recall, in August, the U.S. Chamber of Commerce Institute for Legal Reform (ILR) issued a paper entitled “Courting Confusion: Federal Securities Class Actions Don’t Belong in State Courts,” in which the ILR called for Congress to require
Continue Reading Podcast: Why Federal Securities Suits Don’t Belong in State Court
Larry Fine
As I noted in a recent post, there recently has been an increase in excessive fee litigation against plan fiduciaries. In the following guest post, Larry Fine takes a look at recent developments
Continue Reading Guest Post: Excessive Fees, Excessive Fiduciary Litigation: A Balanced Look
Rachel Soich
As I have noted in prior posts on this site, cybersecurity issues can lead to D&O claims. In the following guest post, Rachel Soich, FCAS, MAAA. Consulting Actuary at Milliman, considers steps that companies
Continue Reading Guest Post: Three Ways to Avoid Cyber-Related D&O Costs
In one of the largest shareholder derivative lawsuit settlements ever, involving a very unusual derivative claim under Cayman Island law prosecuted in a U.S. court on behalf of a China-based Cayman Islands company, the parties to the Renren derivative litigation
Continue Reading N.Y. Derivative Suit Against China-Based Cayman Islands Company Settles for $300 Million
For a time in the late 18th century, a group of men met weekly in a London pub for dinner and conversation. In and of itself, this may seem unremarkable. What is remarkable is that the group included among its
Continue Reading Sunday Arts: The Club
Last month, when the Delaware Court of Chancery sustained the breach of the duty of oversight claim against the Boeing board, some observers suggested we could see an increase in board oversight breach lawsuits. We may yet see more breach
Continue Reading Cybersecurity-Related Oversight Duty Breach Claim Against Marriott Board Dismissed
