Securities Law Alert, December 2010
This month’s Alert discusses: the Ninth Circuit’s decision affirming the dismissal of the Oracle securities litigation; the dismissal of the Morgan Stanley shareholder derivative litigation over “excessive” compensation by the Supreme Court, New York County; a New York Appellate Division, First Department ruling addressing the scope of preemption of common law claims under the Martin Act, New York’s blue sky law; the Delaware Supreme Court’s ruling invalidating a bylaw changing the date of Airgas, Inc.’s annual meeting; the Second Circuit’s decision affirming the dismissal of the Refco Trustee’s suit against Refco insiders, professional service providers and advisors; and the recent amendments to the expert disclosure requirements of Federal Rule of Civil Procedure 26.