Securities

Attys Must Show Work For $23M Fees In American Realty Deal

A New York federal judge pointed to a lack of billing records on Friday as he held off approving nearly $23 million in attorney fees requested by derivative plaintiffs in a case revolving around allegedly shady accounting practices at the real estate business formerly known as American Realty Capital Properties…

Read this piece in its entirety at Law360.

Ex-Airport X-Ray Exec Hit With Insider Trading Charges

A former executive for airport X-ray developer OSI Systems has been charged with using his inside knowledge of OSI and another company to earn more than half a million dollars on illegal securities transactions, federal prosecutors in California said Thursday, months after securities regulators sued over the same transactions…

Read this piece in its entirety at Law360.

WeWork, Execs Hit With Derivative Suit After SoftBank Rescue

A proposed class of minority shareholders has sued WeWork and the Japanese conglomerate SoftBank Group Corp., as well as executives at both companies, alleging they are shortchanging the minority shareholders with the execs’ “self-interested transactions” as the workspace sharing company flounders…

Read this piece in its entirety at Law360.