25Aug
Fifth Circuit Affirms Dismissal Section 14(a) Complaint For Failure to Plead Facts Demonstrating Alleged Omissions from Proxy Statement Were Misleading
In Heinze v. Tesco Corp., No. 19-20298, 2020 WL 4814094 (5th Cir. Aug. 19, 2020), the United States Court of Appeals for the Fifth Circuit affirmed the dismissal of a putative class action suit under Section 14(a) of the Securities Exchange Act of 1934 (“Exchange Act”), 15 U.S.C. § 78(b) alleging that defendant Tesco Corporation (“Tesco”), former members of Tesco’s board of directors and Nabors Industries, Ltd. (“Nabors”) omitted material information from a proxy statement issued in connection...
By:
Sheppard Mullin Richter & Hampton LLP
Related
On September 10, 2019, the Internal Revenue Service (“IRS”) and the U.S. Department of the Treasur...
Read More >
Key Points- Direct evidence of a plan to engage in repeated strikes to achieve a common goal establ...
Read More >
Q: One of my employees is getting divorced and his spouse called asking for payroll and work schedul...
Read More >
The basics of playing well with others probably goes back to pre-school. The problem is that so many...
Read More >
On October 29, 2019, the Utah Supreme Court issued a rare decision reversing the Utah Court of Appea...
Read More >
KEY TAKEAWAYS German merger control will see some major changes in 2021. Today, the German parliam...
Read More >