X
21Jan

Southern District of New York Dismisses Section 14(a) Claim Arising Out Of Packaging Companies’ Merger

On January 12, 2021, the United States District Court for the Southern District of New York dismissed a putative class action complaint against Bemis Company Inc. and members of its board of directors (collectively, “Bemis”) that alleged materially misleading statements in connection with a merger, in violation of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in In re Bemis Co. Sec. Litig.[1] This decision is significant because it provides favorable...
By: Seyfarth Shaw LLP
Source Url: https://www.jdsupra.com/legalnews/southern-district-of-new-york-dismisses-4922524/

Related

The Numbers Are In: The Recently Released Hart-Scott-Rodino Annual Report for Fiscal Year 2018 Provides an Overview of Antitrust Merger Enforcement

On September 16, 2019, the Federal Trade Commission (“FTC”) and the Antitrust Division of the Depa...

Read More >

Ninth Circuit Changes Course and Asks the California Supreme Court to Decide Whether the Dynamex Decision is Retroactive

On April 30, 2018, the California Supreme Court issued its landmark Dynamex decision, applying a new...

Read More >

Up, Up and Away: 2020 Increased Penalties for Employee Benefit Plans

For 2020, legislation enacted in December of 2019 dramatically increases penalties imposed by the In...

Read More >

California Court of Appeals Weighs in on the Duty to Defend and Suggests “Fetch” New Motion

It’s not uncommon for construction contracts to include indemnity provisions requiring the indemnit...

Read More >

Year-End Reminder: New Jersey’s Salary History Ban Takes Effect January 1, 2020

In just a few short weeks, New Jersey employers will no longer be allowed to ask prospective employe...

Read More >

Process Safety Management/OSHA Enforcement: Philadelphia, Pennsylvania Refinery Cited for Alleged Violations

The Occupational Safety and Health Administration (“OSHA”) issued a January 17th news release stat...

Read More >