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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Lawsuits Stemming From Supposedly Bon-binding “Say-on-Pay” Votes

Under the Dodd-Frank Act, the mandatory “say-on-pay” rules, in which shareholders get to vote on executive compensation levels, are non-binding.  According to the new regulations, which were signed into law in July of 2010, directors and executives are not required to abide by these “say-on-p...
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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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