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Tag Archives: Judge T.S. Ellis III

No Shareholder Derivative Suit for ‘Red Flags’ to D&O (access required)

An Alexandria U.S. District Court dismisses plaintiff shareholders’ suit alleging defendant directors and officers of Capital One ignored multiple “red flags” that alerted them to problems at third-party call centers that marketed and sold add-on products such as payment protection ...

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Company & Lawyers Ordered to Pay Sanctions (access required)

In this government contract dispute, an Alexandria U.S. District Court upholds a recommendation to sanction plaintiff company and its in-house and outside lawyers for the company’s “business decision” not to comply with court orders to produce an important witness for ...

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Security Contractor’s False Claims Suit Barred (access required)

Two government contractors whose False Claims Act suit allegedly blows the whistle on defendant contractor’s false weapons qualification scheme and false billeting scheme for security personnel in Iraq and Afghanistan, see their qui tam suit dismissed by an Alexandria U.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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