United States: Second Circuit Reverses Dismissal Of Section 11 And 12(A)(2) Claims, Holding That Plaintiff's Allegations Were Sufficient To Plead A Reasonable Inference Of Misrepresentations In A Prospectus - Sheppard Mullin Richter & Hampton
In New Jersey Carpenters Health Fund v. Royal Bank of Scotland Group, PLC, 2013 U.S. App. LEXIS 4317, the United States Court of Appeals for the Second Circuit reversed the dismissal of a claim for violations of Sections 11 and 12(a)(2) of the Securities Act of 1933, 15 U.S.C. §§ 77k, 77l, holding that the plaintiff pleaded sufficient facts to support a reasonable inference that defendants misstated mortgage underwriting guidelines to investors.
act
allegations
appeals
carpenters
circuit
court
group
hampton
inference
jersey
lexis
misrepresentation
mullin richter
plc
reverses
royal
scotland
section
securities
sheppard
states
united
violations
Found more than 1 month ago on channel
Mondaq
Martha Stewart to Testify in Trial Over Her Brand
NEW YORK — Eight years after Martha Stewart was released from prison for lying about a stock trade, the home diva is now facing another legal mess that may not be easy to clean up. Stewart, 71, is scheduled to take the stand in New York State Supreme Court Tuesday. She is at the center of a bitter legal battle between two of the nation’s largest retailers — Macy’s Inc. and J.C. Penney Co. Macy’s sued the media and merchandising company Stewart founded for breaching an exclusive contract when she signed a deal with Penney in December 2011 to open shops at most of its stores this spring. Macy’s, which has sold Martha Stewart products including towels and pots since 2007, is trying to block Penney from selling those products. The trial is clearly more than a vanilla contract dispute. It’s a courtroom drama that’s unfolding about disloyalty and greed. Testimony has portrayed Stewart as someone who turned her back on her good friend and Macy’s CEO Terry Lundgren so she could ...
agency
allegations
beanstalk
business
ceo
court
division
group
lundgren
macy
martha
michael
nation
omnimedia
penney
reputation
stewart
supreme
terry
york
Iconic London taxi faces uncertain future
Wednesday, October 24, 2012 - 14:39 Dan Kitwood/Getty Images The maker of London’s famed black cabs has filed for bankruptcy protection. Recession, quality issues and competition have hit profits. A British icon is in jeopardy. The company that makes the traditional London black taxi cab has filed for the British equivalent of Chapter 11 bankruptcy protection. The firm -- Manganese Bronze, also known as The London Taxi Co. -- hasn't made a profit in four years and was unable to reschedule its debts. If it can't find a buyer, the company could go bust, and its world-famous product could -- over time -- disappear from the streets of London. Manganese Bronze is the ultimate, niche company and it is getting more marginal by the day. Five years ago, it was making around 3,000 cabs for the British market. Last year, that had fallen to 1,500 and it is falling again this year. The company has been hit by the U.K. recession and by increased competition from much more powerful rivals. Mercedes and ...
allegations
america
american
bankruptcy protection
beard
british
cabbies
ceo
chapter
chinese
competition
dan
dignity
geely
getty images
group
john
johnathon
kitwood
london
management
manganese
marketplace
mechanism
mercedes
myers
organization
peugeot
quality
recession
rudeness
russell
service
stephen
story type
swedish
united
volvo