Displaying 30 results
Schlichter suit against Northwestern goes to Supreme Court
The defendants succeeded in getting the case dismissed in 2018 at the district court level, a decision that was upheld by an appellate court in March 2020.
Supreme Court’s Goldman decision declared a win by investor advocates
Remanding the shareholder suit against Goldman to the appeals court leaves unresolved questions about the legal weight of conflict-of-interest pledges.
Supreme Court gives Goldman chance to end shareholder suit
The justices set aside a federal appeals court ruling in a lawsuit that accuses the company of misleading shareholders by masking conflicts of interest related to mortgage-backed securities it sold. Goldman argued the case made it too easy for shareholders to press class-action fraud suits.
Supreme Court case could determine weight to give best-interest statements
Are Goldman Sachs' assertions that its 'clients' interests always come first' generic and aspirational or could they be the basis for a class-action suit?
Cases tied to Ray Lucia’s challenge of in-house SEC judges likely to settle for lighter punishments
Supreme Court ruled in 2018 that many enforcement actions should be reheard
Supreme Court limits SEC’s ability to mete out ‘financial ruin’ via disgorgement
The ruling upholds the agency's right to claw back ill-gotten gains as long as they’re from net profits of fraudulent schemes
Supreme Court limits power of SEC to recoup illegal gains
The ruling came in a lawsuit brought by a California couple ordered to pay $27 million after being found to have defrauded investors
Supreme Court questions SEC’s power to recoup billions
The justices considered the commission's use of “disgorgement” to collect ill-gotten gains from wrongdoers
Supreme Court returns IBM retirement plan case to lower court
The lawsuit claims plan managers didn’t do enough to protect employees from stock losses
Supreme Court hears ERISA case against Intel
The court's ruling could impact plan sponsors and how they communicate with participants.
