WASHINGTON, D.C. — (Mealey’s) The U.S.
Supreme Court on May 24 unanimously held that conduct by the National
Football League, its 32 teams and the clubs’ wholly owned licensing
company in granting an exclusive license to Reebok International Ltd. to
use the NFL’s and teams’...
James R. McGibbon,
Carla Wong McMillian, Jeffrey P. Bialos, Steuart H. Thomsen
In American Needle, Inc. v. National
Football League , 560 U.S. __ (2010), the Supreme Court unanimously held
that teams in the National Football League and a corporate entity that they
formed to manage their intellectual...
Overview: Where foreign shareholders alleged that respondents violated § 10(b) of
the Securities and Exchange Act of 1934 and SEC Rule 10b-5 regarding
securities traded on foreign exchanges, dismissal was warranted because §
10(b) applied only to transactions in securities listed...
The Supreme Court rejected the approaches of two Circuit
Courts to tolling the limitation period for bringing an Exchange Act Section
16(b) claim while failing to decide if that period can be tolled. The High
Court rejected the conclusion of the Ninth Circuit that the two year statute of
The United States Supreme Court will meet last week to decide whether to hear the dispute over the calculation of victim losses stemming from Bernard Madoff's $65 billion Ponzi scheme. The court-appointed trustee, Irving Picard, has notched several court victories affirming his determination that...
WASHINGTON, D.C. - (Mealey's) A shareholder plaintiff and
a pharmaceutical company debated in front of the U.S. Supreme Court on Nov. 5 whether
a securities lawsuit may proceed as a class action even if the plaintiff is
unable to plead materiality ( Amgen Inc., Kevin W. Sharer, Richard D. Nanula...
The Supreme Court agreed to hear another securities law
case. The case arises out of the litigation surrounding the Allen Stanford
Ponzi scheme and involves the application of the Securities Litigation Uniform
Standards Act or SLUSA. That Act generally precludes securities class action
In a much anticipated ruling in the Amgen securities
class action litigation, the U.S. Supreme Court, in a 6-3 majority opinion
written by Justice Ginsburg, held that a securities plaintiff is not required
to prove that the allegedly misleading statements are material as a
prerequisite to class certification...
The Supreme Court rejected the
efforts of the Securities and Exchange Commission ("SEC") effort to
extend the five-year statute of limitations for imposing a civil penalty by
engrafting a discovery exception onto the statute. Chief Justice Roberts,
writing for a unanimous Court...
WASHINGTON, D.C. — (Mealey’s) Attorneys for Latin American investors in Stanford International Bank (SIB) and SIB’s insurance brokers and lawyers asked the U.S. Supreme Court on Oct. 7 to determine whether the Securities Litigation Uniform Standards Act (SLUSA) and the Securities Exchange...