With all the SPAC activity and scrutiny over the past few years, it was only a matter of time before Delaware courts had the opportunity to get involved in a SPAC shareholder dispute. Early last year, in January 2022, Vice Chancellor Lori Will of the Delaware Court of Chancery issued a groundbreaking opinion in Litigation …
The High Court has once again grappled with new issues arising from crypto-asset disputes, this time in the context of an interim request for information orders.[1] The Plaintiff (“LMN”), a company incorporated in England and Wales and a cryptocurrency exchange operator, allegedly lost millions of dollars in cryptocurrency during a hacker attack. After conducting a …
On December 8, 2022, the Division of Corporate Finance within the Securities and Exchange Commission (“SEC”) published guidance on disclosure obligations related to recent disruptions in the crypto asset market. A sample letter to companies regarding recent developments in the crypto asset markets aims to improve compliance with disclosure obligations under SEC regulations. Federal law …
SAN DIEGO–(BUSINESS WIRE)–Class: Robbins LLP reminds investors that a stockholder has filed a class action lawsuit on behalf of all purchasers of Spectrum Pharmaceuticals, Inc. common stock. (NASDAQ: SPPI) between December 6, 2021 and September 22, 2022 for violating the Securities Exchange Act of 1934. Spectrum is a biopharmaceutical company focused on the acquisition, development …