Searching Content indexed under Shareholders by Carlton Fields ordered by Published Date Descending.
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SEC-Ordered Disgorgement Is An Uninsurable "Penalty," Not A Covered "Loss"
A New York intermediate appellate court has ruled that a $140 million "disgorgement" payment ordered by the SEC in resolution of an investigation into securities laws violations was a "penalty"...
United States
14 Nov 2018
XBRL Amendments Have Limited Impact On Insurance Products
On June 28, the SEC amended existing requirements for public operating companies and mutual funds regarding the use of eXtensible Business Reporting Language (XBRL) for financial statement
United States
7 Oct 2018
Minority Shareholders Utilize 28 USC § 1782 To Issue Subpoenas In Aid Of Criminal Action They Plan To File Against Company Director In Luxembourg
A group of minority shareholders of Acheron Portfolio Corporation Luxembourg S.A. have convinced a federal district court in New York to permit them to subpoena several large banks...
United States
22 Aug 2018
New Tax Law Eliminates 30-Day Safe Harbor Against CFC Status
The recent tax law changes have focused primarily on corporate income tax, and in the international context, mostly on outbound tax matters
United States
9 Apr 2018
SeaWorld Shareholders See Red After World Sees Blackfish
A California District Court granted certification to a group of SeaWorld investors in a shareholder securities fraud case following the release of the documentary "Blackfish."
United States
18 Dec 2017
Mutual Fund Advisers Win Again On Section 36(b) Claims
Following a four-day bench trial, New Jersey District Judge Renee Bumb granted judgment to defendant Hartford mutual fund advisers on "excessive fee" claims brought by fund shareholders...
United States
10 Jul 2017
Ninth Circuit Expands American Pipe Tolling To Subsequent Securities Class Action By Unnamed Class Members, But Leaves Related Comity And Issue Preclusion Questions For Another Day
The Ninth Circuit in Resh v. China Agritech, Inc., No. 15-55432, 2017 WL 2261024 (9th Cir. May 24, 2017), revived the third successive putative shareholder class action against a fertilizer manufacturer...
United States
15 Jun 2017
China Tightens Regulations On Investing Insurance Funds In Shares of Listed Companies
The entire Chinese economy, including its insurance industry, has experienced rapid growth in recent years.
23 Mar 2017
Yellow Flags Are Not Red Flags: Delaware Court Of Chancery Rejects Caremark Claim In Reiter V. Fairbank
In October 2016, the Delaware Court of Chancery rejected a shareholder derivative lawsuit premised on an alleged lack of oversight by the directors of Capital One Financial Corp., Reiter v. Fairbank...
United States
14 Mar 2017
Dismissal For Drugmaker Affirmed: Galectin Had No Duty To Disclose Payments To Promoters
The plaintiffs brought three counts against Galectin and several of its directors, senior officers, and shareholders.
United States
29 Dec 2016
Home Depot Cyber Derivative Action Shuttered: Another Data-Breach Derivative Suit Fails to Clear Fundamental Corporate Law Hurdles
The recent dismissal of a Home Depot derivative action ends a string of high-profile derivative suits stemming from large-scale corporate data breaches.
United States
15 Dec 2016
Seventh Circuit Strikes Again – Rejects Settlement In Shareholder Deal Litigation
The Seventh Circuit rejected the proposed settlement of a Walgreens' shareholder strike suit in which the class obtained "worthless" supplemental disclosures but class counsel received generous fees.
United States
6 Sep 2016
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