In
United States v. Chow, the Second Circuit (
Kearse, Carney, Bianco), affirmed the defendant’s 2018 conviction for insider trading (among other offenses). The case arose out of a failed 2016 merger spearheaded by Defendant Benjamin Chow, who passed along key details regarding merger negotiations to a business associate, who then traded based on this information. The Court reiterated its rule, recently expressed in its 2020
Kosinski decision, that corporate outsiders assume a fiduciary duty to a corporation when they sign a confidentiality agreement.
Background
Defendant Benjamin Chow was the managing director of China Reform, an investment firm owned by the Chinese government. In April of 2016, Chow contacted the bankers representing a Portland-based semiconductor company to explore a potential acquisition. The company, Lattice Semiconductor Corporation, is listed on the NASDAQ.
NEW ORLEANS, April 12, 2021 (GLOBE NEWSWIRE) Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending deadlines in the following securities class action lawsuits: EHang Holdings Limited (EH) Class Period: 12/12/2019 – 2/16/2021 (2/16/21, purchases at or above the price of $112.00).Lead Plaintiff Motion Deadline: April 19, 2021SECURITIES FRAUD To learn more, visit https://www.ksfcounsel.com/cases/nasdaqgm-eh/ fuboTV Inc. (FUBO) Class Period: 3/23/2020 – 1/4/2021Lead Plaintiff Motion Deadline: April 19, 2021SECURITIES FRAUD To learn more, visit https://www.ksfcounsel.com/cases/nyse-fubo/ Ebix, Inc. (EBIX) Class Period: 11/9/2020 - 2/19/2021Lead Plaintiff Motion Deadline: April 23, 2021SECURITIES FRAUD To learn more, visit https://www.ksfcounsel.com/cases/nasdaqgs-ebix/ MultiPlan Corporation f/k/a Churchill Capital Corp. III (MPLN) Class Period: 7/12/2020 - 11/10/2020 and/or w
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
CLASS ACTION ALERT: Kessler Topaz Meltzer & Check, LLP Announces Class Action Lawsuit Has .
Kessler Topaz Meltzer & Check LLPApril 12, 2021 GMT
RADNOR, Pa., April 12, 2021 (GLOBE NEWSWIRE) The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of Ohio against Root, Inc. (NASDAQ: ROOT) (“Root”) on behalf of those who purchased or acquired:
(a) Root securities between October 28, 2020 and March 8, 2021, both dates inclusive (the “Class Period”); and/or (b) Root Class A common stock issued in connection with Root’s initial public offering conducted on or about October 28, 2020 (the “IPO”).