Kevin M. LaCroix
Two Subprime Suit Dismissal Motion Rulings

In two separate decisions, two courts issued opinions in cases that each related in different ways to Credit-Based Asset Servicing and Securitization, LLC , also known as C-Bass. As discussed below, Judge Rakoff has issued an opinion substantiating...

Thomas O. Gorman
Lessons from the Pequot Investigation

Things are not always as they seem. This sage maxim has been cited many times in different contexts. The resolution of Pequot insider trading investigation last week, along with the earlier scandal the initial inquiry generated, is a good illustration...

Francis G.X. Pileggi
Chancery Rejects Request to Enjoin Freeze-Out by Controlling Stockholder

In Re CNX Gas Corp. Shareholders Litigation, C. A. Consol. No. 5377-VCL (Del Ch. May 25, 2010), read 42-page opinion here . This will be a very short overview until a fuller synopsis can be provided at a later date. Overview The Delaware Court...

Brian JM Quinn
Idiot Inside Traders

This week the FBI arrested the administrative assistant to a high-level Disney executive and her boyfriend. Turns out they were not the smartest couple of inside traders out there. The SEC's complaint speaks for itself: The Plan 9. Beginning...

Thomas Fox
Lanny Breuer Addresses Corporate Ethics and Compliance at Compliance Week

Assistant Attorney General for the Criminal Division of the U.S. Department of Justice (DOJ), Lanny Breuer gave the final day's keynote speech at the Compliance Week 2010 Conference . Many of his remarks were directed at the ethics and compliance...

Brian JM Quinn
Losing Standing after a Merger

In the vein of life mimicking possible exam questions - Morris James points out a recent case in the Delaware Chancery Court, Arkansas Teacher Retirement System v Caiaf a ("TRS") . The issue relates to whether a plaintiff may maintain standing...