LexisNexis® Legal Newsroom
Mack Sperling
A Lump of Coal from the Fourth Circuit for a Wachovia Shareholder

The Fourth Circuit delivered a lump of coal right before Christmas to a Wachovia shareholder whose 100,000 shares of the Bank's stock, once worth about $5.6 million, sank into near worthlessness when Wachovia failed. The case, decided December...

Lee Berlik
Virginia Lawyer's Tortious Interference and Conspiracy Claims Dismissed

In a dispute between two Virginia lawyers, a U.S. District Judge has rejected attorney Cynthia Smith's claim that another attorney, Timothy Purcell, interfered with her contract with a client and caused her to suffer nearly $4 million in financial...

Thomas Fox
Top Ten 2011 Enforcement Actions-Corporate Division

As December is a time for reflection on the past twelve months, I have been considering the FCPA Enforcement Action year. I submit for your consideration my Top 10 FCPA Enforcement Actions for 2011 in the Corporate Division. Happy and Safe New Year...

Francis G.X. Pileggi
Delaware Court of Chancery Provides Instruction on When to Seek Discovery in Reply to Summary Judgment Motion

Wimbledon Fund LP - Absolute Return Fund Series v. SV Special Situations Fund LP , C.A. No. 4780-CS (Del. Ch., Dec. 22, 2011), read letter ruling here . Read summaries of prior Delaware decisions in this matter here. This is the latest iteration...

Kevin M. LaCroix
M&A-Related Litigation Has Replaced Stock Drop Suits as Plaintiffs' Securities Lawyers' Lawsuit of Choice

In a prior post ( here ), I examined the mounting problems associated with the increasing levels of M&A-related litigation. A recent academic paper takes a closer look at these issues and concluded, among other things, that M&A-related lawsuit...

Thomas Fox
McNulty’s Maxims, the Deepwater Horizon and FCPA Internal Controls

I often write about what I call Paul McNulty's three maxims of a Foreign Corrupt Practices Act (FCPA) compliance program: 1) What did you do to prevent it?; 2) What did you do to detect it?; and 3) What did you do to remedy it? I had generally...