Wachtell lawyers write that the decision is a strong endorsement of the protections that the business judgment rule affords to directors faced with the challenges posed by the ongoing credit crisis.
Analyzing the C.D. Cal.’s denial of motions to dismiss in the New Century Financial Corporation subprime securities class action lawsuit.
The 9th Cir.’s Glazer Capital Management LP v. Magistri includes new law (sort of) on the issues of collective scienter, SOX certifications, and profit motive.
Should the FCPA ban payments to local security forces for the protection of company people and property?
Can a securities fraud complaint brought by foreign plaintiffs against foreign issuers based on foreign stock purchases be heard by a U.S. federal court? Under the right circumstances, yes.
The subprime scapegoats include the usual suspects, but many aggrieved parties also seem particularly keen to lay blame on the rating agencies.
Speculating that although it would be a mistake, today’s NY Magazine article brings Fuld’s prosecution closer.
Discussing the Ninth Circuit’s three significant rulings under the PSLRA in Glazer Capital Management, LP v. Sergio Magistri