|
TOP NEWS
Fidelity National Agrees To $210M WorldPay Merger Suit Deal
By Rae Ann Varona
Fidelity National Information Services has agreed to a $210 million settlement that resolves a proposed class of investors' claims that the fintech misrepresented the success prospects of its multibillion-dollar acquisition of payment processor Worldpay, according to an unopposed motion seeking a Florida federal court's preliminary approval of the deal.
Settlement attached |
Read full article »
| Save to favorites »
EMPLOYMENT & BENEFITS
Catching Up With Delaware's Chancery Court
By Jeff Montgomery
Delaware's justices threw the Court of Chancery in reverse big time last week, rescinding a decision by the state's chancellor that last year effectively canceled tech tycoon Elon Musk's multi-year, then-$56 billion stock-based compensation package. It was a decision that lit up the court's relatively low-key, pre-holiday wind-up. It also highlighted the endless, 3D tug of war over Delaware-chartered companies and the interests of boards, officers, controllers, stockholders and the corporate bar.
Read full article »
| Save to favorites »
SECURITIES
Chipotle Dodges Investor Claims Over Portion Cuts
By Sydney Price
Chipotle Mexican Grill Inc. has escaped a proposed shareholder class action accusing it and its executives of downplaying concerns about meager portion sizes, an issue the company later acknowledged it would correct, with a California federal judge's ruling that the allegations are insufficient to establish that Chipotle's statements were false or misleading.
Order attached |
Read full article »
| Save to favorites »
New Class Action Claims CIBC, RBC Rigged Quantum Shares
By Katryna Perera
A Quantum Biopharma investor has filed a proposed class action against several major Canadian banks, accusing them of running a spoofing scheme for years that artificially drove down Quantum's stock price — flooding exchanges with fake sell orders to mislead the market and buy shares at deflated prices, costing ordinary shareholders millions.
Complaint attached |
Read full article »
| Save to favorites »
CYBERSECURITY & PRIVACY
CONSUMER PROTECTION
Robocall Class Seeks $35.7M After Failed Deal Talks
By Lauraann Wood
Consumers looking to hold a resort company liable after its vendor placed more than 70,000 unwanted marketing calls to National Do Not Call registrants have asked an Illinois federal judge to enter a $35.7 million judgment reflecting their recent summary judgment win after their court-ordered settlement negotiations were unsuccessful.
Motion attached |
Read full article »
| Save to favorites »
IP & TECHNOLOGY
Authors Push For OpenAI Counsel Talks On Pirated Books
By Elliot Weld
A class of authors suing OpenAI over copyright infringement claims has asked a Manhattan federal judge to leave in place a magistrate judge's order for the artificial intelligence startup to turn over its in-house attorneys' communications regarding the deletion of a set of pirated books that were allegedly used to train ChatGPT.
Memorandum attached |
Read full article »
| Save to favorites »
BANKING
Major Banks Want Loan Rate Collusion Suit Tossed
By Katryna Perera
Several major banks urged a Connecticut federal judge to toss a proposed class action alleging that for the past 30 years, they have been artificially inflating interest rates on variable-rate loans to consumers and small businesses, arguing the suit fails to plead evidence of a conspiracy among the banks.
2 documents attached |
Read full article »
| Save to favorites »
IMMIGRATION
COMPLIANCE
PEOPLE
EXPERT ANALYSIS
The Major Securities Litigation Rulings And Trends Of 2025
The past 12 months saw increased regulator focus on disclosures concerning artificial intelligence, signs of growing judicial scrutiny at the class certification stage, and shifting regulatory priorities at the U.S. Securities and Exchange Commission — all major developments that may significantly affect securities litigation strategy in 2026 and beyond, say attorneys at Debevoise.
Read full article »
| Save to favorites »
LEGAL INDUSTRY
|