Topic
Every decision we've filed under Securities.
The Fifth Circuit reversed a district court dismissal of a securities fraud suit, holding that shareholders who exchanged preferred stock for new company shares purchased securities for value. The court clarified that a stock-for-stock exchange in a spinoff satisfies the statutory standing requirements under the Securities Act of nineteen thirty-three.
The Seventh Circuit affirmed a district court ruling limiting rail carriers' liability under the Carmack Amendment. The court held that the carriers provided shippers with a reasonable opportunity to choose between liability levels, and the shippers' selection of specific shipping codes constituted a binding agreement to those limits.
The Seventh Circuit affirmed the denial of a motion to suppress evidence and a motion to dismiss an indictment against a defendant who built homemade weapons. The court held that a magistrate judge had authority to issue an extra-district warrant based on probable cause that the defendant was engaged in domestic terrorism.
The Seventh Circuit affirmed a district court ruling limiting a carrier's liability under the Carmack Amendment. The court held that a shipper's selection of a specific Standard Transportation Commodity Code constituted a valid agreement to the carrier's published liability caps.
The Fourth Circuit affirmed a district court ruling that a hospital failed to meet regulatory requirements when appealing Medicare payment denials. The court held that the hospital's requests for review were insufficiently specific and did not adequately explain its challenges to the administrative law judges' decisions.
The Ninth Circuit invited amicus briefs to address the valuation of SAFE Notes and the pleading requirements for loss causation in securities fraud cases involving such instruments. The court sought guidance on whether plaintiffs must prove a conversion event is impossible to establish loss causation under Section ten of the Securities Exchange Act.
The Seventh Circuit affirmed a district court's grant of summary judgment in a products liability dispute involving airline uniforms. The appellate court held that plaintiffs failed to meet their evidentiary burden without expert testimony and that res ipsa loquitur doctrines did not apply to the alleged health reactions.
The United States Court of Appeals for the Federal Circuit affirmed a Merit Systems Protection Board decision denying disability retirement benefits to a veteran. The court held that the Board did not commit legal error in assessing the petitioner's credibility or in admitting evidence regarding the factual basis of his claimed post-traumatic stress disorder.
The United States Court of Appeals for the Federal Circuit affirmed a Merit Systems Protection Board order dismissing an individual right of action appeal for lack of jurisdiction. The court held that the petitioner failed to allege that his protected disclosures were a contributing factor in the agency's personnel action because the disclosures occurred after the adverse action.
The United States Court of Appeals for the Federal Circuit vacated a dismissal of a takings claim due to procedural error. The court affirmed lower court rulings on discovery disputes involving the deliberative process privilege.