On June 16, 2021, HGT Law secured victory in an appeal before the U.S. Court of Appeals for the Third Circuit in Aly, et al. v. Valeant Pharmaceuticals Int’l Inc., et al., No. 19-3326, one of the shareholder class action “opt-out” lawsuits currently litigated by HGT Law. The appeal turned on the application of the rule in American Pipe & Construction Company v. Utah, 414 U.S. 538 (1974), which tolls the statute of limitations for the claims of individual class members when a class action complaint is filed.
Read MoreHGT Law obtains settlement in a novel Tezos cryptocurrency securities case. Under the settlement, the Tezos Foundation will pay $25 million to settle the claims of class members. The Tezos litigation is one of the first lawsuits to allege claims under the Securities Act of 1933 in connection with a cryptocurrency “Initial Coin Offering,” and is one of the first lawsuits to successfully obtain a recovery for investors.
Read MoreHGT Law settles a derivative lawsuit against the directors and officers of McKesson Corporation for abdicating their fiduciary duty of oversight with respect to the Company’s sale of opioid drugs and controlled substances. Under the settlement, Defendants will pay $175 million to the Company and McKesson will also implement corporate governance reforms.
Read MoreIn one of the very few decisions considering the right of a shareholder to inspect corporate records under the Washington Business Corporation Act, the Washington Superior Court for King County (Hon. David J. Whedbee) ordered Nordstrom, Inc. (“Nordstrom” or the “Company”) to produce accounting records and to pay for Plaintiff’s related attorneys’ fees and costs.
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