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Securities and Derivative Litigation: Quarterly Update - July 2023 | Dechert LLP

Examine a major Ninth Circuit decision affirming dismissal of a Section 14(a) derivative action based on a forum-selection clause; Highlight the Third Circuit’s adoption. ....

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Distortion To Static: Key First Circuit Opinion Clarifies Limits For Short Sellers - Securities

The U.S. Court of Appeals for the First Circuit on Jan. 3, 2023, ruled against Defendant Gregory "Emmanuel" Lemelson's request for a new trial in SEC v. Lemelson. ....

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1st Circ. Resurrects Stock-Drop Suit Over Carbonite Product

The First Circuit on Wednesday revived a securities suit against Carbonite Inc. over a data backup product that never worked, ruling that the complaint sufficiently alleges that the company's executives either inquired about the product or were reckless in failing to do so. ....

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1st Circ. Resurrects Stock-Drop Suit Over Carbonite Product

The First Circuit on Wednesday revived a securities suit against Carbonite Inc. over a data backup product that never worked, ruling that the complaint sufficiently alleges that the company's executives either inquired about the product or were reckless in failing to do so. ....

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