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Tag Archives: Corporate

Discovery Ordered in Proposed Merger Challenge (access required)

In plaintiff shareholder’s suit alleging defendants violated federal securities law by providing false, misleading and incomplete information in a proxy statement, and given the imminent shareholder vote on a proposed merger, the Richmond U.S. District Court will lift the discovery ...

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No Securities Fraud Claims Against Online Company (access required)

An Alexandria U.S. District Court dismisses this securities fraud class action filed by a firefighters’ pension fund against defendant K12 Inc., a provider of online classroom services, whose stock price declined by nearly 40 percent on Oct. 9, 2013, following ...

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Jury to Set Damages in TV Signal Piracy Case (access required)

In this case arising out of the receipt of unauthorized distribution of DIRECTV satellite programming to thousands of viewers at Massanutten Resort, orchestrated by defendants Randy Coley and East Coast Cablevision, the Harrisonburg U.S. District Court has determined that these ...

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No Demand for Shareholder Derivative Suit (access required)

The Alexandria U.S. District Court dismisses plaintiff shareholder’s suit alleging breach of fiduciary duty by the board of directors of a computer corporation in connection with their management decisions and public statements about a major contract with the United Kingdom’s ...

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Annual report’s ‘red flags’ support shareholder suit (access required)

Annual Report graphs

Shareholders are suing a bank’s directors for not paying sufficient attention to the bank’s annual report. The shareholders’ derivative action alleges the annual report threw up “red flags” that should have allowed the defendants to ward off regulatory action that ...

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Shareholders Claim Directors Missed ‘Red Flags’ (access required)

In this shareholder derivative action against Capital One officers and directors alleging inadequate oversight of a third-party call center’s marketing of add-on products, the Alexandria U.S. District Court dismisses claims for corporate waste and unjust enrichment, but says plaintiffs have ...

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