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Case of the Day: In re GLG Life Tech Corp. Securities Litigation
The case of the day is In re GLG Life Tech Corp. Securities Litigation (S.D.N.Y. 2012). Luke Zhang, a Canadian national, was the chairman and CEO of GLG. The plaintiffs brought a securities fraud class action against him, GLG, and GLG’s chief financial officer, Brian R. Meadows. GLG and Meadows appeared and responded to the……
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Lago Agrio: Judge Kaplan Mostly Denies The Lago Agrio Plaintiffs’ Motion for Judgment on the Pleadings
On November 7 I noted that the Ecuadoran plaintiffs had filed a motion for judgment on the pleadings on Chevron’s claims for fraud. Chevron’s claim is that the Ecuadoran plaintiffs deceived the Ecuadoran court, or in the alternative that the Ecuadoran plaintiffs participated in a deception perpetrated by the Ecuadoran court, and that the deception……
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A Review of Palys and Lowman on the Belfast Project
Several readers have gotten in touch to tell me that I ought to write about the new article by Ted Palys and John Lowman, Defending Research Confidentiality “To The Extent The Law Allows:” Lessons From the Boston College Subpoenas. The readers seem to be hoping for some kind of major-league smackdown of the article. So……
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Updates on Lago Agrio and Argentina
So as not to get too far into the week without some cases of the day, I am going to cover some recent happenings in two of our favorite cases in a single post. First is an update on the hearing on Chevron’s motion to dismiss in Toronto; second, the hearing on the Liberdad case……
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Second Circuit Grants Argentina a Stay
Yesterday the Second Circuit granted Argentina’s motion for an emergency stay of Judge Griesa’s injunction. I suspect the court was concerned with the representations Argentina and others had made about the consequences of the injunction for the US payment system, for New York as a financial center, and for the sovereign debt market.