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NEW YORK, Dec. 23, 2020 /PRNewswire/
Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the
Empire State Buildingin New York City, is investigating Seneca Biopharma, Inc. ( Seneca or the Company ) (SNCA) relating to its proposed merger with Leading BioSciences, Inc. ( LBS ). Under the terms of the merger agreement, LBS shareholders will be issued Seneca common stock and Seneca shareholders will receive one contingent value right as a dividend for each share they own. Seneca shareholders will only control 26.2% of the combined company, with LBS owning a majority stake.
The investigation focuses on whether Seneca Biopharma, Inc. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, 2) whether and by how much this proposed transaction undervalues the Company, and 3) whether all material informatio
GOP attorneys could face sanctions over falsehoods pressed in Michigan election lawsuits
Michigan AG, Secretary of State seek to ban attorneys like Sidney Powell from state courtrooms
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DETROIT – The tables are turning on the legal teams backing President Trump, as calls and court filings began mounting this week for those attorneys to be banned from courtrooms or disbarred including calls from Michigan’s attorney general.
In the latest filing, the attorney for Wayne County, Robert Davis, called on the federal judge in Michigan’s Eastern District to sanction lawyers for six Michigan Trump supporters suing Gov. Gretchen Whitmer in an attempt to overturn the election results. According to the motion, Davis said the attorneys violated conduct codes by repeating falsehoods in court, at one point calling the suit “a deliberate and mean-spirited effort to undermine the will of the more than 5.5 million people.”
[co-author: José L. Maymí-González]
Multiple states and jurisdictions are reporting a deadly winter spike of COVID-19 infections. An excess of 220,000 cases of COVID-19 were reported in early December, a dramatic increase from the 44,783 reported in October. Nevertheless, a glint of hope flashes within the gloom of the COVID-19 pandemic: Operation Warp Speed, a partnership program between the public and private sectors to develop, produce, and mass distribute a COVID vaccine. Pfizer’s vaccine has a reported effectiveness rate of 82% after the first dose and a 95% rate after the second dose. This, and various other vaccines with similar effectivity rates, are currently in the race for government authorization for mass vaccinations, with Pfizer-BioNTech’s and Moderna’s vaccines having received Emergency Use Authorization (EUA) from the U.S. Food and Drug Administration (FDA). This “emergency use” authorization stems from the FDA’s ability to greenlight unapproved medic
About Monteverde & Associates PC
that has recovered millions of dollars and
is
committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report. Our lawyers have significant NPA litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2019 Top Rated Lawyer. Our firm s recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court.
About Monteverde & Associates PC
that has recovered millions of dollars and
is
committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report. Our lawyers have significant FINSERV litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2019 Top Rated Lawyer. Our firm s recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court.