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SCOTUS Once Again Decides Not to Provide Guidance Regarding “More Harm Than Good” Standard Presented in Retirement Plans Committee of IBM v. Jander

November 12, 2020 Blog

On November 9, 2020, the U.S. Supreme Court denied a petition for certiorari (which, in layman’s terms, is simply a formal request to review a lower court’s ruling) in the case of Retirement Plans Committee of IBM v. Jander. At issue were the following: 1. Whether Fifth Third Bancorp v. Dudenhoeffer’s “more […]

The Cheesecake Factory Charged with Making Fraudulent Representations about the Financial Impact of the COVID-19 Pandemic

November 2, 2020 Blog

The U.S. Securities and Exchange Commission (SEC) recently announced that it has settled charges against The Cheesecake Factory based on allegations that the company made fraudulent representations in its public disclosures. According to the SEC’s press release, “[t]he action is the SEC’s first charging [of] a public company for misleading […]

Individual Investors Must Be Wary of Social Media Investment Promotions, Even From Well-Known Personalities

October 9, 2020 Blog

As an investor, you need to make sound decisions based on accurate information that you obtain from reliable sources. Unfortunately, in today’s world, this is easier said than done. Individual investors face a barrage of misinformation, and even seemingly-trustworthy sources can lead investors astray. As securities fraud attorneys who represent […]