‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInMark Cuban Files Motion to Dismiss SEC’s Insider Trading Case
Mark Cuban has filed a motion to dismiss the SEC’s insider trading case against him. Reuters reports that in his filing with the U.S. District Court for the Northern District of Texas, Cuban argues that he had no fiduciary or other duty of trust to the company in question (Mamma.com, now known as Copernic Inc.) […]
Stoneridge No Help to Defendants in Bristol-Myers Case
Diving deeper into the recent federal court decision previously discussed here denying Bristol-Myers’ (BMY) motion to dismiss a securities class action, the New York Law Journal takes a look at the impact of the Supreme Court’s recent Stoneridge case on the decision. According to the article, one of the defendants sought to be dismissed from the suit […]