The Bulletin - Fall 2021
Globally, Litigation Funding Arrangements Facing Increasing Scrutiny, Licensing and Other Regulations
Authors of this newsletter: Emily Christiansen
In recent years the number of new litigation funders entering the market has been on the rise. With good reason. […]
SDNY Green Lights Securities Fraud Claims against Goldman Sachs for Role in 1MDB Money Laundering Scandal
Authors of this newsletter: Matthew Mustokoff , Nathaniel Simon
On June 28, 2021, U.S. District Judge Vernon S. Broderick of the Southern District of New York denied in large […]
The Ninth Circuit Suggests That the PSLRA Does Not Impose a Heightened Standard When Appointing Groups of Unrelated Investors as Lead Plaintiffs
Authors of this newsletter: Karissa Sauder , Ryan Degnan
In a recent decision, In re Mersho, 6 F.4th 891 (9th Cir. 2021), the Ninth Circuit clarified statutory requirements regarding […]
Kessler Topaz Secures the Delaware Court of Chancery’s Approval of a $17.5 Million Settlement at the Court’s First In-Person Hearing Since Closing Its Physical Doors Due to COVID-19
Authors of this newsletter:
On June 15, 2021, the Delaware Court of Chancery held its first in-person hearing since closing its physical doors due […]
Investing In Chinese Companies, in Vogue but Fraught with Danger, Part 2: Discovery and Judgment Enforcement
Authors of this newsletter:
In the first half of this two-part article[1], we discussed the growing influence that China-based companies have on a global […]
Canoo, Lordstown, and Nikola – Portents of Future SPAC-Related Litigation
Authors of this newsletter: Jennifer Joost
Lately, it appears that anyone who is anyone has a special purchase acquisition company or “SPAC”—from well-known investors like Bill […]
Kessler Topaz Secures Motion to Dismiss Victory Premised on Novel Legal Theory Addressing What Constitutes an “Unaffiliated” Majority-of-the-Minority Stockholder Vote under Delaware Law
Authors of this newsletter: J. Daniel Albert , Grant Goodhart III
Kessler Topaz recently defeated efforts to dismiss litigation regarding the 2019 squeeze-out of Empire Resorts, Inc.’s (“Empire”) public minority investors […]