Nov 7, 2008
CVN covered a previous hearing concerning a motion by 3rd party defendants Gen Re Corporation seeking dismissal of underlying litigation. In this suit, stockholder plaintiffs seek to recover funds to make American International Group, Inc. (AIG) w...
Oct 28, 2008
Shareholders accused Countrywide directors in February of breaching their fiduciary duty by approving the proposed sale on unfair and inadequate terms. As part of the settlement, Countrywide agreed to make additional disclosures on the background ...
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Oct 27, 2008
Plaintiff, Norfolk County Retirement System, is a beneficial holder of stock of defendant, Jos. A Bank Clothiers (JABC). Plaintiff brings a demand, pursuant to 8 Del. C. ยง 220, to inspect certain books and records after noticing a drastic drop in ...
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Oct 22, 2008
Complaints were filed in the Delaware Court of Chancery seeking among other things that the ACS board of directors fulfill its fiduciary duties and obligations to the Company's public shareholders in the face of the "going-private" takeover propos...
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Oct 16, 2008
This suit alleges that UBS was complicit in permitting cash to be made available to Iran for terrorist purposes.
Oct 14, 2008
Breach of contract and fraud claims by E*Trade against Deutsche Bank. E*Trade alleged that Germany's Deutsche Bank made an accounting error, by overlooking a $27M service fees deduction that should already have been taken, and as a result oversta...
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Oct 7, 2008
5 day bench trial.http://www.investorvoice.ca/PI/1164.htmCVN previously covered a hearing on defendant's motion to compel expert testimony in derivative class action against Canadian Imperial Bank of Commerce.
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Aug 25, 2008
The question confronting the court is: "Whether defendants had beneficial ownership, within the meaning of Reg. 13D, of the CSX shares held by their cash- settled total return equity swap counterparties."
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Jul 9, 2008
The Delaware Supreme Court, acting at the behest of the U.S. Securities and Exchange Commission, has agreed to review a shareholder proposal for CA Inc. to reimburse dissident investors for the cost of waging proxy fights
Jun 20, 2008
The Shareholder Derivative Litigation arose out of the Company's sale of $300 million of preferred stock to funds affiliated with MHR Fund Management LLC ("MHR") pursuant to the Securities Purchase Agreement dated October 17, 2006, as amended and ...
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Jun 4, 2008
This case involves Beal Bank, a lender, that sought assistance in Chancery Court to vindicate its rights as an alleged shareholder. Beal Bank entered into a Stock Pledge Agreement that allowed it to take shares in the debtor as security upon defau...
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May 15, 2008
Parmalat SpA, the Italian dairy company that collapsed in 2003, sought $2 billion in damages from Citigroup.Parmalat Chief Executive Officer Enrico Bondi seeks to prove that Citigroup, the largest U.S. bank by assets, aided and abetted larceny by ...
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