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Case of the Day: SEC v. Nagaicevs
The case of the day is SEC v. Nagaicevs (N.D. Cal. 2013). The SEC alleged that Igors Nagaicevs, a Latvian national, had gained unauthorized access to online brokerage accounts and made trades in those accounts to manipulate securities prices in his favor. It brought claims under § 17(a) of the Securities Act and § 10(b)……
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Case of the Day: Zavodnik v. Rinaldi
The case of the day is Zavodnik v. Rinaldi (Ind. Ct. App. 2013). Gersh Zavodnik sued Michaela Rinaldi, who resided in Italy. The opinion does not discuss the substance of the claims. The trial court dismissed the claim for failure to make service of process, and Zavodnik appealed. The decision isn’t really sufficient to allow……
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Case of the Day: Cook v. Toidze
The case of the day is Cook v. Toidze (D. Conn. 2013). Peter Cook, Thea Duell, Aleksandar Milosavlievic-Cook, Maya Toidze, Alexandre Ivankine, Tim Toidze, and Alexandre Avroutine were members of Maya’s Meals, LLC. Cook, Duell, and Milosavlievic sued the Toidzes, Ivankine, and Avroutine on their own behalf and derivatively on behalf of the LLC. The……
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Case of the Day: Tuckerbrook Alternative Investments v. Banerjee
The case of the day is Tuckerbrook Alternative Investments, LP v. Banerjee (D. Mass. 2013). I considered a related case in May 2011. According to the complaint, Tuckerbrook, an investment adviser that manages hedge funds, alleges that Sumanta Banerjee, former manager of Tuckerbrook’s Global Distressed Fund and Global Special Situations Fund, breached a settlement agreement……
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Case of the Day: Roque v. Fuji Heavy Industries, Ltd.
The case of the day is Roque v. Fuji Heavy Industries, Ltd. (Conn. Super. Ct. 2013). The plaintiff, Edwin Roque, alleged that while driving, his car was struck from behind by a Subaru Impreza, which he alleges was manufactured by Fuji Heavy Industries. The claim was that the braking system was defective. Roque sought to……