Breach of Fiduciary Duty: Faruqi & Faruqi, LLP Investigate the Buyout of Caliper Life Sciences, Inc

Faruqi & Faruqi, LLP, a national securities law firm based in New York City, has begun an investigation into the sale of Caliper Life Sciences, Inc. to PerkinElmer, Inc. The latter announced this past Thursday that it sought to acquire all of Caliper’s outstanding common stock for $10.50 per s...
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Insider Trading Crackdown against Father and Son Duo

The newest “victims” of the government’s crackdown on insider trading: are father and son  H. Clayton Peterson, 65 and Drew Peterson, 35.  The pair from Denver pled guilty last week, each to one count of securities fraud and one count of conspiracy to commit securities fraud. Clayton Peterso...
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Attorneys owed a fiduciary duty to clients with respect to sale of clients’ shares in an apartment complex to attorneys.

The Supreme Court, Appellate Division, Second Department, recently held that a group of attorneys owed a fiduciary duty to their clients with respect to the sale of their clients’ shares in an apartment complex to the attorneys. The Court reasoned that although the attorneys had not been ret...
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Healthsouth’s Scrushy loses appeal of $2.9 Billion Judgment

The Alabama Supreme Court, applying Delaware corporate law, has rejected ex- HealthSouth CEO Richard Scrushy’s appeal of a $2.9 billion judgment that he owes to the shareholders of the health care services chain for orchestrating a massive accounting fraud. Scrushy, who is serving seven years ...
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1$ Billion Lawsuit Against Marvel Dismissed

The $1 billion lawsuit filed against Marvel Entertainment that claimed, among other things, copyright infringement, breach of contract and breach of fiduciary duty was dismissed in an opinion written last Friday, by the Honorable Robert W. Sweet. Read the Opinion...
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