Topic
Every decision we've filed under Securities.
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.
The Fourth Circuit held that two lawsuits against Avertest were related claims under Columbia Casualty's claims-made policy. Because the earlier suit was first made during Columbia's policy period, Columbia had to cover the later suit and reimburse Navigators.
The United States Court of Appeals for the Federal Circuit affirmed the dismissal of Koshy Mathai's claim against the United States. The court found that Mathai's expectations regarding a retention bonus and job assignments did not constitute property interests protected under the Takings Clause.
The First Circuit affirmed the dismissal of a securities fraud class action regarding the failed Amazon and iRobot merger, except for one specific statement in a modified proxy statement.
The United States Court of Appeals for the Fifth Circuit dismissed an appeal filed by Timothy Barton for lack of jurisdiction. The court also directed Barton to show cause why sanctions should not be imposed for filing a frivolous appeal.
The Eleventh Circuit affirmed the dismissal of a challenge to a denial of a National Interest Waiver petition for lack of subject-matter jurisdiction. The court modified the district court's order to change the dismissal from with prejudice to without prejudice.
The United States Court of Appeals for the Eleventh Circuit denied a petition for review challenging the Securities and Exchange Commission's approval of a new options trading platform. The court upheld the Commission's finding that latency arbitrage harms the options market and that the proposed speed-bump technology effectively targets such predatory trading.
The Sixth Circuit remanded the case to the district court for further jurisdictional discovery because the parties failed to adequately plead facts necessary to establish diversity jurisdiction under 28 U.S.C. Section 1332.
The Eleventh Circuit affirmed the convictions of Brendan Gates for drug trafficking and firearm offenses. The court held that a district court did not abuse its discretion in denying a mistrial motion after a witness made an isolated, unprompted reference to domestic violence.
The Eleventh Circuit reversed the dismissal of tortious interference claims, holding that federal common law does not govern the interpretation of forum-selection clauses in contracts governed by foreign law. The court ruled that the scope of such clauses must be determined under the substantive law of the contract, which in this case was Slovenian law.