On June 29, 2022, Grayscale Investments, LLC petitioned the U.S. Court of Appeals for the District of Columbia for review of the U.S. Securities and Exchange Commission’s June 29, 2022.
IN THIS ISSUE
Massachusetts Superior Court BLS Finds No Duty to Disclose Alleged Preliminary Merger Discussions, Northern District of California Declines to Dismiss Oracle Fraud Class Action Suit, SCOTUS Hears Oral Argument in Goldman Sachs Class Certification Fight, Delaware Supreme Court Affirms Dismissal of Derivative Action Against Metlife.
On March 22, 2021, in
Athru Group Holdings LLC v. SHYFT Analytics, Inc., et al., Judge Kenneth W. Salinger of the Business Litigation Session (BLS) of the Massachusetts Superior Court dismissed plaintiff Athru Group Holdings, LLC’s complaint in its entirety. The complaint alleged breach of fiduciary duties, fraud, breach of contract, and a violation of G.L. c. 93A against SHYFT Analytics Inc., Medidata Solutions Inc. and eleven other entity and individual defendants stemming from the 2018 merger between Medidata and SHYFT. The court’s dismissal decision rested on the court’s conclusion that there was no duty to disclose alleged p