Dodd-Frank Litigation
Minnesota Supreme Court Rejects Delaware Test for Direct Versus Derivative Action
Litigation, M&A In a case arising out of the inversion transaction where Medtronic merged with Coviden, the Minnesota Supreme Court spoke on the proper test of determining when an action is derivative or direct in In re Medtronic, Inc. Shareholder Litigation. The distinction is important, because derivative claims are subject to the demand and pleading requirements of […] Read more →
SEC Charges Chief Compliance Officer for Failure to Verify Information
Investment Advisers, Litigation David I. Osunkwo was a principal at Strategic Consulting Advisors, LLC, or SC Consulting. SC Consulting offered compliance consulting and CCO services to two SEC registered... Read more →
Court Decision May Slow SEC Approval of SRO Rules
Litigation, Public Companies and Securities The SEC must generally approve rules and rule changes by self-regulatory organizations, which are referred to as SROs. According to this SEC web page, there are 37 active SROs. ... Read more →
Another Working Capital Claim Fails in Delaware Because of Liability Limitations
Litigation, M&A In Chicago Bridge & Iron Co. N.V. v. Westinghouse Electric Co. LLC, the Delaware Court of Chancery declined to permit the purchaser of a business to recover a working capital... Read more →