A recent ruling by Judge Maxine M. Chesney illustrates privity importance when bringing suit under California Corporate Securities Law. Baltequera Inc. v. Bell-Carter Foods, LLC. Case was brought by three plaintiffs - Baltequera, Dcoop and Olives Way.
In 2011, I posed the following question: Is Privity Required Or Not Required Under Section 25500? Section 25500 of the California Corporations Code provides the remedy for violations.
The Ninth Circuit on Monday appeared to lean toward reviving a lawsuit filed by a group of Salesforce.com Inc. employees alleging mismanagement of their 401(k) plan in violation of federal benefits laws, particularly given a factual dispute over the financial impact of certain plan offerings.
A California federal judge said Friday she will likely approve a settlement requiring Perdue to pay $1.77 million to settle break and wage claims for about 2,000 poultry processing plant workers, but wanted a few fixes first to the deal's order and notice.