X
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
Source Url: https://www.jdsupra.com/legalnews/fifth-circuit-affirms-dismissal-section-32223/

Related

[Webinar] Preparing for 2020: Update on Washington’s Paid Family and Medical Leave - September 18th, 10:00 am PT

Please join us for a webinar covering the latest updates to Washington’s Paid Family and Medical Le...

Read More >

UK's Digital Markets Unit and EU's Digital Markets Act: Divergence in the regulation of the largest online platforms?

The United Kingdom and the European Union are set to take bold strides towards the regulation of dig...

Read More >

NLRB Extends Its Gift-Giving Season to Employers

The National Labor Relations Board (NLRB) closed 2019 with several decisions and rule changes that o...

Read More >

Allegedly “(Leon) Black”-listed Former Apollo Employee Fails to State A Business Tort Claim

The line between aggressive business competition and unlawful conduct can sometimes be difficult to ...

Read More >

Federal Tax Update to IRAs Will (Further) Impact State Escheat Requirements

Our Unclaimed Property Group examines the recently enacted SECURE Act and the significant changes th...

Read More >

Fifth Circuit Rules ACA Individual Mandate Unconstitutional

On December 18, 2019, the Court of Appeals for the Fifth Circuit ruled that the Patient Protection a...

Read More >