In the United States, for approval of a claim on the grounds of securities as a class action, no proof of financial loss is required

A startup company employed a scientist.  The employment agreement stipulated that intellectual property belonged to the company and that the issue of employee stock options would be settled later.  After 8 months, a dispute arose regarding the option terms (the company’s requirement for a vesting period and actual work), the scientist decided to go on […]

Several officers of a corporation were charged with various breaches of fiduciary duty due to the operation of a pirated waste disposal site without a license and without proper infrastructure, while causing severe environmental hazards. The Court held that only some of the officers were guilty of breaching fiduciary duty imposed on them as officers.  […]

A business consultant claimed to be a partner in a business venture of an industrial design company and demanded access to financial data and a share of the profits. The Court rejected the claim regarding the existence of a partnership and held that the relationship between the parties was strictly a principal-contractor relationship and not […]

As part of a merger transaction in which shareholders in the target company sold their shares to the acquiring company, an Israeli company wholly held by an Australian ASX traded company, the acquiring company undertook to provide a loan for the benefit of the target company.  While the share purchase agreements were made only with […]