Securities
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Bernstein Litowitz Berger & Grossmann LLP and Kessler Topaz Meltzer & Check LLP will be taking the lead in a stock-drop suit against the Chinese coffeehouse chain Luckin Coffee following a heated contest for the role, a New York federal judge ruled Friday… Read this piece in its entirety at Law360.
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Uber Technologies Inc. and a handful of executives have asked a California federal judge to throw out a suit alleging that the ride-hailing giant misled shareholders in the run-up to its initial public offering, causing them to lose money when the company’s stock price dropped… Read this piece in its entirety at Law360.
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A Seventh Circuit judge split with two of his colleagues in a case accusing JPMorgan Chase of breaking a promise to modify a homeowner’s mortgage in the wake of the 2008 financial meltdown, calling the bank an “intransigent” participant in post-crisis government aid programs… Read this piece in its entirety at Law360.
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The Delaware Chancery Court on Tuesday refused to dismiss a derivative suit against Investors Bancorp Inc. over the bank’s handling of hefty stock awards for two top officers, with the judge saying the stockholders had enough of a case to survive Investors Bancorp’s initial challenge… Read this piece in its entirety at Law360.
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A New York federal judge shot down a coronavirus-related compassionate release bid lodged by a former top deputy to notorious Ponzi schemer Bernie Madoff, saying Tuesday that the convict had to go through U.S. Bureau of Prisons channels first… Read this piece in its entirety at Law360.
Mike LaSusa 