A group of shareholders brought a suit against the Board of Directors of a publicly traded company in Delaware. The Board had previously decided to implant a “poison pill” agreement, where any form of attempted takeover by the shareholders would…
Case: Sorce v. Sorce Enters. (In re Sorce), 2016 IL App (3d) 140425-U (Ill. App. Ct. 3d Dist. 2016) On May 18, 1985, Roy and Agnes Sorce were married. During their marriage, Roy and Agnes had four children. Though the…
This case takes place in Kentucky and involves a $15 million estate left by a father to his daughter. After receiving the estate, the daughter was severely injured in a car accident which left her brain damaged. For many years…
This case involves a group of plaintiffs that allege the defendant (X-Corp) committed securities fraud by misleading investors about the profitability of the company’s core business (insurance) and reported false financial results by understating necessary reserves. The individual Defendants assured…
Case: In re Northfield Labs., Inc. Sec. Litig., 267 F.R.D. 536 (N.D. Ill. 2010) Background: Defendant Northfield was founded in 1985 by defendants DeWoskin and Gould. Northfield’s primary purpose was to research and develop a hemoglobin-based blood substitute called PolyHeme…
Case: First Marblehead Corp v. House, 541 F.3d 39 (2008) Background: Plaintiff First Marblehead Corp., a former employer, sued defendant Gregory House, a former employee, seeking a declaratory judgment that the employee’s stock options had expired three months after his…
This case involves two American companies that held a combined majority interest in a California-based mobile telephone company. The two companies sought an outside investor to infuse additional capital into one of the companies. The companies approached a wealthy billionaire who…
This case involves a company that included business segments focused on electrical and electronic components, healthcare and specialty products, and security services, using Quickbooks software services. The company generated $30 million in sales and a net worth of $20 million.…
This case involves the CEO of a company that had a projected total revenue for the year of $nearly $20 billion. The CEO set the company’s internal targets $500 million higher than the public prediction to encourage company employees to…
