In Seafarers Pension Plan v. Bradway the Seventh Circuit reinstated a claim brought in federal court under Section 14a of the Securities Exchange Act of 1934, asserted derivatively by a stockholder of the Boeing Company, based on allegedly false and misleading statements.
In the first quarter of 2022, federal appellate courts issued a number of thought-provoking (albeit not monumental) decisions addressing the reach of the federal securities laws and, in.
Nine months after the appellate court vacated an initial decision by a panel of its judges, an en banc majority voted 9-2 to confirm the district court’s
The Ninth Circuit Court of Appeals on Wednesday upheld a lower court’s decision to dismiss a securities fraud lawsuit that alleges Twitter Inc. misled