Vesna Harasic On November 8th, 2013, billionaire Steven A. Cohen’s Connecticut-based hedge fund, SAC Capital Advisors (“SAC”), pled guilty to criminal fraud charges, after allowing—if not facilitating—insider trading for over a decade. SAC cut a deal with the government in the U.S. District Court in New York, in which it has agreed to pay $900 […]
Harini Kidambi In the fast-tracked case Hayes v. Activision Blizzard Inc., the Delaware Supreme Court unanimously reversed the lower court’s injunction and allowed Activision Blizzard, Inc., a leader in interactive entertainment, to move forward with the completion of a transaction that would result in the Company acquiring 429 million shares.
Danielle Hartl Crowdfunding is “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.” Companies in need of financial assistance launch a fundraising campaign online where a mission statement is presented, a goal amount is set, investments from the general […]
Chris O’Mahoney The Delaware Court of Chancery has shown a renewed interest in holding corporate founders also serving as directors subject to shareholder derivative actions when the founders engaged in self-dealing to leverage control over the board. On October 28, 2013, the Delaware Court of Chancery handed down in the case TVI Corporation et al. […]
Addison Pierce In December of 2009, Attorney General Eric Holder announced a precedent-setting $335 million settlement with Bank of America. The deal settled claims that Countywide Financial, acquired by Bank of America, charged black and Hispanic borrowers higher mortgage fees and steered them into risker loans. The Obama administration, among others, applauded the efforts by […]