Investors in Infinity Q Capital Management’s (Infinity Q) funds filed a proposed class action against the firm last week after the fund’s founder was charged with securities fraud and obstruction of justice for allegedly inflating assets by over $1 billion
Business Litigation Blog
Litigation News for the Business Community
The Business Litigation Blog, published by Lowenstein Sandler LLP, focuses on legal issues related to business disputes and commercial litigation. It covers topics such as securities fraud, class actions, arbitration, contract disputes, regulatory investigations, and enforcement actions. The blog analyzes court decisions affecting business litigation, including matters involving investment funds, mergers and acquisitions, and commercial contracts. It also addresses procedural aspects like class settlement approvals and arbitration waiver standards. The content is aimed at providing insights into litigation strategies, recent developments in business law, and the impact of regulatory and judicial rulings on corporate clients and legal practitioners.
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Is New York or Delaware More Protective of the Freedom to Contract? Two Important New York Decisions on the Accrual of Breaches of Representations and Warranties May Shed Light
New York and Delaware each enjoy an excellent reputation in the business world and typically provide the governing laws and are the jurisdictions of choice in domestic (and many international) commercial contracts. But which law is more likely to uphold…
SCOTUS to Address Circuit Split Over Arbitration Waiver
Arbitration clauses in commercial and consumer contracts can be an effective tool for limiting the time and expense associated with litigation. However, parties always may decide to litigate, assuming neither party seeks to arbitrate. When one party engages in litigation…
A Reminder That Rule 23 Requires Hearings on All Proposed Class Settlements, Even If There Are No Objectors
Certain class action settlements—like employment and consumer settlements—will very often draw objections from absent class members. But other types of settlements with more sophisticated absent class members—like antitrust and securities—will often draw no objections at all.
Without any objectors, and…
Crypto Executives Meet With House Committee on Finance to Discuss Regulation and the Future of the Digital Assets Market
The U.S. House Committee on Financial Services (Committee) met last Wednesday[1] to discuss the rapidly growing cryptocurrency market exchange and the regulatory landscape that currently governs it.
Executives from six major crypto asset companies, including Coinbase and Circle, testified…
Dealing With Fiduciary Duties to a Business Partner Upon Exit
It is an old saw that partners, co-venturers, and insiders to closely held businesses owe fiduciary duties of loyalty and due care when dealing with one another. Importantly, these fiduciary duties modify the common law of fraud by imposing an…
Dealing With Fiduciary Duties to a Business Partner Upon Exit
It is an old saw that partners, co-venturers, and insiders to closely held businesses owe fiduciary duties of loyalty and due care when dealing with one another. Importantly, these fiduciary duties modify the common law of fraud by imposing an…
Is a Limited Partner’s Waiver of Their Statutory Right to Book and Records Enforceable? The Answer is Less than Clear.
Inspection rights in a partnership agreement are frequently ignored until a dispute arises. And by that time, a limited partner’s degree of access may make the difference as to whether a lawsuit is ultimately filed.
Section 17-305 of the Delaware…
Is a Limited Partner’s Waiver of Their Statutory Right to Book and Records Enforceable? The Answer is Less than Clear.
Inspection rights in a partnership agreement are frequently ignored until a dispute arises. And by that time, a limited partner’s degree of access may make the difference as to whether a lawsuit is ultimately filed.
Section 17-305 of the Delaware…
Third Circuit Clarifies Standards for Issue-Class Certification under FRCP 23(c)(4)
In a recent published decision, the United States Court of Appeals for the Third Circuit clarified the standards that district courts must apply when certifying discrete issues–rather than an entire action–for classwide adjudication under Rule 23(c)(4).
What Is Rule…