Special purpose acquisition companies, or SPACs, have become the new, go-to structure for taking private companies public. These companies begin as shell corporations listed on public stock exchanges. Often, they report a...

Private jets, million-dollar compensations and bonuses during COVID-19? When does corporate waste get of hand and becomes actionable? Corporate waste is when exchange is “so one sided that no business person of ordinary,...

Shareholder derivative suits are brought by an investor on behalf of the corporation itself. In a derivative case, the plaintiff alleges that the actions of the defendants, typically the company’s officers and directors,...

Last month, a group of over 100,000 retail investors made a stir in the financial world by causing an astonishing and rapid rise in stock price for video game retailer GameStop (GME). These amateur investors were members of...

The Delaware Supreme Court ruled in favor of stockholders when affirming a Court of Chancery decision ordering the production of books and records in response to a Section 220 demand. Defendants in this case,...

The FTC showed their continued efforts to defend consumer data privacy in the new year with in reaching a settlement with Flo Health, Inc (“Flo” or “the Company”). The FTC filed a complaint against Flo for sharing the...

Biometrics are unique physical characteristics that can be used for automated identification of a person. Even though individuals may not know the exact term “biometrics,” millions of individuals use some form of it in...

The 2020 Atlantic hurricane season, which began in June and continues until November, is on track to break meteorological records. While the average hurricane season features 12 named storms, 2020 has already seen 20 of...

Early last week, Attorney General Maura Healey filed a lawsuit against Credit Acceptance Corporation (“CAC”), a credit lender that specializes in auto loans. The complaint alleged that CAC had provided borrowers with...

For years, countries in the European Union have offered different levels of access to a collective action against wrongdoing companies. While countries like Italy and Spain have effective systems for collective action in...