News

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Ninth Circuit Rules That Employers Cannot Use Employees’ Salary Histories to Justify Paying Women Less Than Men

April 30th, 2018

Earlier this month, the Ninth Circuit Court of Appeals, the highest federal court in California, issued a significant decision that could ultimately have national implications for women fighting...

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The Third Circuit Weighs FTC Enforcement Power Against Abusive Pharmaceutical Brands

April 27th, 2018

Under FDA regulations, any interested person may petition the FDA to issue, amend, or revoke a regulation or order, or to take or refrain from taking any other form of administrative action. ...

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Ninth Circuit Holds that Shareholders Must Only Show Negligence to Bring Claims in Tender Offer Cases Under the Exchange Act

April 27th, 2018

On April 20, 2018, the Ninth Circuit ruled in Gary Varjabedian v. Emulex Corp., et al. that claims brought under Section 14(e) of the Securities Exchange Act of 1934 (the “Exchange Act”)...

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Delaware Court of Chancery Partially Denies Motion to Dismiss Waste Claim in Shareholder Derivative Suit Filed on Behalf of CBS Corporation

April 26th, 2018

On April 19, 2018, the Court of Chancery partially denied defendants’ motion to dismiss plaintiff’s corporate waste claim against certain directors and officers of CBS Corporation (“CBS”...

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Yahoo! Agrees to Pay $35 Million SEC Fine for Failing to Disclose Massive Cybersecurity Breach

April 25th, 2018

On April 24, 2018, the United States Securities and Exchange Commission (“SEC”) announced that Altaba, formerly known as Yahoo!, agreed to pay a $35 million penalty to settle claims related to...

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The Sec’s Proposed “Regulation Best Interest” Won’t Protect Investors Says Sec Commissioner

April 25th, 2018

On April 18, the Securities and Exchange Commission proposed a package of reforms intended to protect investors from broker-dealer conflicts of interest.  But the reforms won’t protect...

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California Class Action Arbitration Agreement Found Unconscionable

April 24th, 2018

California workers obtain a substantial victory as the California Second Appellate District found arbitration agreements, signed by over one hundred employees in the wake of a coworker initiating...

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Drugmakers’ “Shenanigans” Stifle Generic Competition

April 16th, 2018

The Trump administration and Congress are focusing their attention on brand-name drugmakers that prevent generic competitors from accessing branded drug samples, thereby inhibiting bioequivalence...

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SCOTUS Rules State Courts Can Continue to Hear Certain Securities Class Actions

April 16th, 2018

In a decision published on March 20, 2018, the U.S. Supreme Court unanimously ruled that state courts have jurisdiction over securities class action lawsuits alleging breaches of law solely under...

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The SEC Awards More Than $2.2 Million to Whistleblower Under Safe-Harbor Rule

April 9th, 2018

On April 5, 2018, the SEC issued a news release announcing that it had awarded more than $2.2 million to a whistleblower whose tips helped the Commission open an investigation which led to an...

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