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The Delaware court could pay the firm up to one-third of the ‘benefit conferred’ by the ruling – in other words, how much value was restored to shareholders.
NEW YORK (Legal Newsline) - Two counts of a securities class action against a company that provides infrastructure for data centers should proceed, a U.S. magistrate judge has recommended.
LOS ANGELES (Legal Newsline) - Two of the main shareholder class action law firms are competing to lead litigation against Beyond Meat over allegations it deceived investors with claims of partnerships with large-scale chains like McDonald's.
CHICAGO (Legal Newsline) - The maker of contaminated infant formula is fighting a lawsuit over a drop in its stock price, saying class action lawyers' reliance on "confidential sources" isn't enough to sustain their case.
NEW YORK (Legal Newsline) - The firm Robbins Geller will lead shareholder litigation against Dentsply, the world's largest producer of professional dental products.