Securities
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A Boeing investor lodged a stock-drop suit Tuesday in Illinois federal court similar to one brought in the same court last week alleging the aerospace behemoth hid safety problems with its 737 MAX jets, which were recently grounded after being involved in two deadly crashes… Read this piece in its entirety at Law360.
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Former Enron Corp. CEO Jeffrey Skilling cut a deal that ends a 16-year-old lawsuit brought by a group of investors over losses on $120 million of Enron debt purchased shortly before the energy giant’s 2001 collapse, according to filings made Friday in New York federal court… Read this piece in its entirety at Law360.
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Tesla Inc.’s Elon Musk threw the latest punch in his tussle with the U.S. Securities and Exchange Commission on Friday, saying the agency was “wrong at virtually every level” in its attempt to have him held in contempt over tweets that allegedly violated the terms of a 2018 settlement with the regulator… Read this piece…
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A Kentucky federal court granted preliminary approval on Thursday to a settlement in which Omnicare Inc. agreed to pay $20 million to resolve a 13-year-old securities suit that at one point made its way to the U.S. Supreme Court… Read this piece in its entirety at Law360.
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Fitness and wellness program provider Tivity Health lost a bid to kill a stock-drop suit on Monday when a Tennessee federal judge said allegations of “suspicious stock sales” by executives, including Tivity’s chief legal officer, bolstered the case against the company… Read this piece in its entirety at Law360.
Mike LaSusa 