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Tour de Force: Rudolph v. United Airlines, Causation and Force Majeure | Pillsbury Winthrop Shaw Pittman LLP

In a recent decision, causation proved to be a determinative factor in the viability of multiple claims subject to the same force majeure clause. District judge rules that broad. ....

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SPAC Surge Leads to Litigation and Regulatory Risks

Monday, April 5, 2021
Not far behind the dramatic increase in the use of special purpose acquisition companies (SPACs) is a corresponding increase in the number of shareholder lawsuits and increased activity at the US Securities and Exchange Commission (SEC). In recent days, Reuters reported that the SEC opened an inquiry seeking information on how underwriters are managing the risks involved in SPACs,
[i] and the SEC’s Division of Corporation Finance (Corp Fin) and acting chief accountant have issued two separate public statements on certain accounting, financial reporting and governance issues that should be considered in connection with SPAC-related mergers.
[ii] This increase in activity by SEC staff comes on the heels of nearly two dozen federal securities class action filings, several SEC investor alerts and earlier guidance from Corp Fin. ....

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Surge in SPAC-Related Mergers Leads to Litigation and Regulatory Risks | McDermott Will & Emery

Surge in SPAC-Related Mergers Leads to Litigation and Regulatory Risks | McDermott Will & Emery
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

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Epic Games' Case Against Teenage Fortnite Cheater Finally Settles

Thu, Feb 11th 2021 8:38pm
Timothy Geigner
As you may recall, back in 2017 Epic Games went on something of a crusade against cheating in its online hit game
Fortnite. While much of Epic s attention was focused on websites that sold cheating software for the game, the company also set its sights on individuals who were actively promoting the use of cheating software in online videos. One of those Epic sued was a 14 year old who, if I m being frank, sounds like a bit of a jackass. While the teen, identified in court documents only as C.R. , was having his own mother defend him in letters to the judge in the case, he was also then going around uploading still more videos advocating the use of cheating software and taunting Epic Games. Epic s lawyers defeated the teen s mother, which, real feather in their cap for that I suppose. And so the trial continued. ....

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Harborside Inc. (HBORF) Announces Plaintiff's Voluntary Dismissal of Class Action Suit Without Prejudice

Harborside Inc. Announces Plaintiffâs Voluntary Dismissal of Class Action Suit Without Prejudice
Harborside Inc. (âHarborsideâ, or the âCompanyâ) (CSE: HBOR), (OTCQX: HBORF), a California-focused, vertically-integrated cannabis enterprise, today announced that a complaint filed on October 13, 2020, with the United States District Court, District of Oregon (âthe Courtâ), Case No. 3:20-cv-01551-MO, has been voluntarily dismissed in its entirety without prejudice.
The plaintiffs in this action had alleged violations of the U.S. Securities Exchange Act of 1934, more specifically alleging that the Company issued materially false and misleading statements during the class period. The plaintiff voluntarily dismissed, without prejudice, the above-captioned action against all defendants. ....

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