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Inside the Courts – An Update From Skadden Securities Litigators - September 2023 | Skadden, Arps, Slate, Meagher & Flom LLP

Two Sides of the Same Coin: Analyzing the Recent Ripple and Terraform Decisions - Key Points - - In July 2023, Judges Torres and Rakoff in the Southern Distr.

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Fourth Circuit Affirms Dismissal Of Putative Class Action Under Section 14(a) For Failure To Adequately Allege Material Omissions And Loss Causation - Shareholders

The Fourth Circuit held that plaintiff failed to allege any material omission from the proxy statement and also failed to establish loss causation.

United statesUnited states courtSecurities exchangeVectren corpFirst connecticut bancorp incFourth circuitSecurities exchange actConnecticut bancorp

Fourth Circuit Affirms Dismissal Of Putative Class Action Under Section 14(a) For Failure To Adequately Allege Material Omissions And Loss Causation | Shearman & Sterling LLP

On June 1, 2023, the United States Court of Appeals for the Fourth Circuit affirmed the grant of summary judgment dismissing claims under Sections 14(a) of the Securities Exchange Act.

United statesSecurities exchangeShearman sterlingFirst connecticut bancorp incUnited states courtVectren corpFourth circuitSecurities exchange actConnecticut bancorpSeventh circuit

Law Digest — 4th Circuit, Md Supreme Court, Appellate Court — June 8, 2023

Law Digest — 4th Circuit, Md Supreme Court, Appellate Court — June 8, 2023
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First Connecticut Defeats Appeal Over Cash Flow Non-Disclosure

An appeal over First Connecticut Bancorp Inc.'s non-disclosure of rosy cash-flow projections during a merger failed because there was no evidence that the projections impacted its share price.

United statesSelwyn karpPeople united financial incFirst connecticut bancorp incFirst connecticut bancorpFirst connecticut

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