Cases

OPINION & ORDER KATHERINE B. FORREST, District Judge: The second consolidated amended complaint in this matter (“Compl.,” ECF No. 352) asserts claims, inter alia, against Bre-an Murray, Carret & Co. (“Brean Murray”) and Macquarie Capital (USA) Inc. (“Macquarie”) (collectively, the “underwriters”), the underwriters of a public stock offering by Puda Coal Ine. (“Puda”), under Sec

CORRECTED OPINION & ORDER KATHERINE B. FORREST, District Judge: An accounting firm’s worst nightmare might be to wake up one morning and discover that the company that one of its teams had audited for the past several years had in fact disappeared, and that what the team had been auditing had been merely a mirage. A twist that could serve only to heighten this distress might be the discovery t

OPINION & ORDER WILLIAM H. PAULEY III, District Judge: Lead Plaintiff, the Arkansas Teacher Retirement System, brings this securities class action on behalf of itself and others who purchased the publicly traded securities of Defendant Virtus Investment Partners (“Virtus Partners”) between January 25, 2013 and May 11, 2015. Defendants Virtus Partners, Virtus Opportunities Trust (“Virtus Trust”), George R

827 F.Supp.2d 348 (2011) Harriet GOLDSTEIN, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. PUDA COAL, INC., et al., Defendant. No. 11 Civ. 02598. United States District Court, S.D. New York. December 6, 2011. *349 Curtis Victor Trinko, Jennifer Elizabeth Traystman, Law Offices of Curtis V. Trinko,

*678MEMORANDUM OPINION & ORDER PAUL G. GARDEPHE, UNITED STATES DISTRICT JUDGE. This is a securities class action brought under Sections 10(b) and 20(a) of the Securities and Exchange Act of 1934 (the “Exchange Act”). Plaintiffs purchased shares of Subaye, Inc. and allege that the Company’s auditor — Defendant DNTW Chartered Accountants, LLP — “

HONORABLE PAUL A. CROTTY, United States District Judge: This is a securities case brought by buyers of stock in Stemline Therapeutics, Inc. ("Stemline"), which develops a highly sophisticated and complicated drug for the treatment of an otherwise fatal blood cancer. The buyers contend they were misled by Stemline's claimed ability to remediate certain fatal side effects of its drug. Lead Plaintiffs Adam Ludlow, Dalji

OPINION & ORDER WILLIAM H. PAULEY III, District Judge The SEC brings this enforcement action alleging violations of Exchange Act Section 10(b) and Rule 10b-5(b) against Norstra Energy, Inc. (“Norstra”), its CEO Glen Landry, and Eric Dany, the editor of two newsletters: the “Stock Prospector” and the “Mutual Fund Prospector.” Dany moves for summary judgment, asserting that he did no

OPINION GLASSCOCK, Vice Chancellor. I. OVERVIEW The Plaintiff here, a stockholder, made a demand to the Defendant corporation, asking the corporation to prosecute claims against its officers and directors for violating their Caremark duties. The individual Defendants not only failed to respond to the demand over the next two years, but allegedly took actions making

OPINION & ORDER KATHERINE B. FORREST, District Judge: Before the Court is defendant CITIC Trust Co., Ltd.’s motion to dismiss the complaint in this action pursuant to Federal Rules of Civil Procedure 12(b)(2) and 12(b)(6). For the following reasons, defendant’s motion is GRANTED. I. BACKGROUND The following facts are alleged in the complaint, and the Cou

OPINION AND ORDER SHIRA A. SCHEINDLIN, District Judge. I. INTRODUCTION On February 5, 2013, plaintiffs filed a putative Class Action Complaint against defendants alleging violations of the Securities Act of 1933 (“Securities Act”). On May 14, 2013, this Court issued an order Consolidating the Actions, Appointing Lead Plaintiff, and Approving Selection of Lead Counsel. On June 6

MEMORANDUM AND ORDER' MARK L. WOLF, UNITED STATES DISTRICT JUDGE This class action securities suit arises under the Securities Exchange Act of 1934, 15 U.S.C. § 78a et seq. Pursuant to the Private Securities Litigation Reform Act of 1995 (“PSLRA”), 15 U.S.C. § 78u-4, two putative class members and one group of three putative class members have filed motions for appointment as lead plaintiff. For the reaso

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE DAVID ROSTOV, ) ) Plaintiff, ) ) v. ) C.A. No. 2025-0648-KSJM ) ALCON RESEARCH, LLC; ) JEANNETTE BANKES; THOMAS ) FRINZI; THOMAS HUDNALL; JOE ) RAPPON; DEERFIELD PRIV

OPINION & ORDER SIDNEY H. STEIN, District Judge. Plaintiffs bring this putative class action for alleged violations of the Employee Retirement Income Security Act (“ERISA”), 29 U.S.C. § 1001 et seq. This Court previously granted in part and denied in part defendants’ motion to dismiss the first amended complaint pursuant to' Fed. R.Civ.P. 12(b)(6); granted in part and denied in part plai

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE PARK EMPLOYEES’ AND ) RETIREMENT BOARD EMPLOYEES’ ) ANNUITY AND BENEFIT FUND OF ) CHICAGO, ) ) Plaintiff, ) ) v. ) C.A. No. 11000-VCG ) RICHARD M. SMITH, MYRON Z. ) HOLUBIAK, CHARLOTTE W. ) COLLINS, SAMUEL L. R

DECISION AND ORDER VICTOR MARRERO, District Judge, I. BACKGROUND............... 68 A. TWO OFFERINGS OF ECD STOCK...................................68 B. SHORT SALES OF ECD STOCK SKYROCKET WHILE THE PRICE OF ECD STOCK PLUMMETS, SENDING ECD INTO BANKRUPTCY....................................................69 C. THE CREDIT SUISSE DEFENDANTS’ ALLE

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE CMS INVESTMENT HOLDINGS, LLC, ) ) Plaintiff, ) ) v. ) ) LAWRENCE E. CASTLE, CAREN J. ) CASTLE, LEO C. STAWIARSKI, JR., THE ) CASTLE LAW GROUP, LLC, LCS

DOUGLAS P. WOODLOCK, UNITED STATES DISTRICT JUDGE TABLE OF CONTENTS I. FACTUAL BACKGROUND...419 A. Shengda's Note Offering and the Plaintiffs' Purchases ...419 B. KPMG-HK's Realization of Shengda's Overvaluation and Shengda's Bankruptcy ...420 C. Alleged Misrepresentations by KPMG-HK ...421 D.

ORDER RAMOS, District Judge: This case arises from allegations of an independent auditor’s alleged failure to detect fraud at ChinaCast Education Corporation, Inc. (“ChinaCast” or the “Company”), an educational services company in the People’s Republic of China (“China”). ChinaCast entered the U.S. capital markets through a reverse merger in 2006, and for several years, its common stock was traded

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE ) OPTIMISCORP, a Delaware ) corporation, ALAN MORELLI, and ) ANALOG VENTURES, LLC, ) ) Plaintiffs, ) C.A. No. 8773-VCP ) v. ) ) JOHN WAITE, WILLIAM ATKINS,