Tag: Dismissals

Former Hewlett-Packard CEO Hurd wins dismissal of securities-fraud suit – NYPOST.com

Hewlett-Packard and its former chief executive, Mark Hurd, won the dismissal of a securities-fraud lawsuit that alleged the computer maker didn’t abide by its standards of business conduct as Hurd allegedly engaged in sexual harassment. A US federal judge found HP’s ethics statements were too vague. via Former Hewlett-Packard CEO Hurd wins dismissal of securities-fraud suit – NYPOST.com

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Institutional-Grade Lawsuits: Fewer Dismissals, Larger Settlements — Asset International

Securities class action lawsuits have a better chance of going the distance with judges when they are led by institutional investors, a study has found. Between 1996 and 2010, judges dismissed 35% of cases led or co-led by an institutional investor, and 42% that weren’t. Stanford University’s law school and New York-based Cornerstone Research collaborated on the data as part…

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Facebook, Underwriters Make Dismissal Pitch in IPO Investor Suits — The Litigation Daily

In a 61-page brief filed on Wednesday, Facebook’s lawyers at Kirkland & Ellis and Willkie Farr & Gallagher moved to dismiss consolidated securities litigation over the IPO. Contrary to a slew of complaints filed by plaintiffs lawyers, they argued that Facebook adequately warned investors in the run-up to the IPO that increased mobile usage might erode ad revenue. The dismissal…

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The near-impossible standard for showing auditor fraud — On the Case

That’s outside of the United States, though. In this country, Aubin found, shareholders rarely even bother to name audit firms as defendants in class actions: Only two securities class actions filed in 2012 made claims against top audit firms. And if you want to know why, read U.S. District Judge Shira Scheindlin’s 72-page opinion Monday dismissing allegations that the Chinese…

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