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Case of the Day: Nanda v. Nanda
The case of the day is Nanda v. Nanda (N.D. Tex. 2012). Jay and Atul Nanda, brothers, were fighting over control of Dibon Solutions, Inc. in the Texas state courts. In 2011, they dismissed the Texas litigation and agreed to settle some of their disputes in arbitration. The arbitrator’s award, rendered only a month or……
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Case of the Day: Vanleeuwen v. Keyuan Petrochemicals
The case of the day is Vanleeuwen v. Keyuan Petrochemicals, Inc. (C.D. Cal. 2012). Neil Vanleeuwen and Rodney Omanoff brought a class action against Keyuan Petrochemicals and Chung-feng Tao, its chairman, president, CEO, and director, for violations of the Securities Act of 1933 and the Securities Exchange Act of 1934. The plaintiffs sought leave to……
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Case of the Day: China National Chartering v. Pactrans Air & Sea
The case of the day is China National Chartering Corp. v. Pactrans Air & Sea Inc. (N.D. Ill. 2012). In 2006, Pactrans, a freight forwarder with its main offices in Illinois and branch offices in China, chartered the M/V Sanko Rally from China National to transport a cargo of gypsum board from China to Florida……
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Case of the Day: In re Republic of Ecuador
The case of the day is In re Republic of Ecuador (N.D. Fla. 2012). The judge characterized the case as a small part of “an expansive, long-running international dispute,” which is like calling the moon landing a “short, somewhat interesting jaunt for the adventurous.” The Republic of Ecuador, taking a page from Chevron’s playbook, brought……
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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……