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522 results found for "loss-causation"
- Enforcement News: SEC Charges Numerous Companies With Violation of The Whistleblower Protection Rule
The payments were intended to compensate the clients for losses caused by the firms’ alleged breaches
- The Duplication Doctrine and Another Dismissal of a Fraud Claim
suffered damages separate from their payment for shares they never received, they did not allege any other losses
- FOURTH DEPARTMENT HOLDS THAT PRELIMINARY INJUNCTIVE RELIEF IS NOT AVAILABLE FOR BREACH OF A CONTRACT WITH A LIQUIDATED DAMAGES CLAUSE BECAUSE CONTRACTUAL MONETARY DAMAGES UNDERMINES THE “IRREPARABL...
for purposes of equity means any injury for which money damages are insufficient” and that “where any loss The Majority rejected the Dissent’s view that irreparable injury was established by “the loss of goodwill According to the Dissent: The potential injury to plaintiff is not limited to the loss of rental income from one of approximately 150 tenants in the mall, a loss that is easily quantified and remedied by plaintiff sufficiently demonstrated that the premature termination of defendant<‘s> lease will cause a loss
- In Case of First Impression, Second Department Holds That Arbitration Clause Entered into by Decedent Does Not Compel Arbitration of Wrongful Death Cause of Action by Administrator
reply, plaintiffs argued that the wrongful death cause of action was based upon their own pecuniary loss commerce when entering into the agreement with Revel,” was not relevant as “there [was] no valid, much less
- Enforcement News: SEC Files Action Against a Trucking Company for an Accounting Fraud That Allowed the Company to Mispresent its Financial Condition
freight transportation provider, with an accounting fraud that allowed it to avoid disclosing substantial losses mid-2016 and April 2017, Celadon avoided recognizing at least $20 million in impairment charges and losses Therefore, alleged the SEC, if Celadon sold these trucks for less than its net book value, Celadon would have had to recognize the shortfall as a loss on its financial statements. Given the hundreds of trucks involved, Celadon’s resulting losses either through sale or by adjusting
- Fraudulent Inducement: Materiality, Scienter and Justifiable Reliance
On June 30, 2016, WHAG lost its NBC affiliation and was not affiliated with any Big-6 Network after that In 2018, DirecTV was informed that WHAG had lost its NBC affiliation. and a judgment declaring that DirecTV had no obligation to pay the Unlaunched Station Fee after WHAG lost Misrepresentation or Omission DirecTV alleged that Nexstar failed to disclose a material fact, namely WHAG’s loss The Duty to Disclose DirecTV maintained that Nexstar had a duty to disclose that WHAG would lose its
- Veil Piercing Rejected By Second Department in Judgment Enforcement Action
factor controls the consideration. 8 In addition to the foregoing factors, a plaintiff must establish a causal
- THE APPELLATE DIVISION, FIRST DEPARTMENT, REITERATES THE IMPORTANCE OF PROMPTLY CHECKING YOUR BANK STATEMENTS
Failure to comply with those duties shifts the burden of loss from bank to customer. Thus, the shifting burden of loss is intended as well to encourage the parties to use reasonable care in situations where, from a systemic point of view, that is the efficient loss-avoidance mechanism. Finally, UCC 4-406 (3) shifts the loss of even repeated forgeries back to the bank when the customer, By reallocating the burden of loss to the bank the Code thus encourages proper business practices on
- Thorny Issues Concerning the Statute of Limitations for Declaratory Relief and Breach of Fiduciary Duty
Plaintiffs sought monetary damages for the alleged breach “in an amount not less than 33% of the total see also IDT , 12 N.Y.3d at 140 (“date of damages is measured from when the plaintiff first suffered loss
- Fraud Claim Dismissed On Statute Of Limitations Grounds Because Plaintiff Could Not Avail Itself of the Discovery Rule
publicly announced in 2008 that it would investigate ‘all areas of fraudulent activity’ and attributed losses action in 2009 when it was not in possession of the relevant loan files and had not yet suffered any losses
- SPOLIATION OF EVIDENCE
“Under the common-law doctrine of spoliation, when a party negligently loses or intentionally destroys failed to demonstrate that the removal of the subject carpeting was willful or contumacious, or that the loss
- Factual Issues Prevent Summary Judgment Under the Voluntary Payment and Accord and Satisfaction Doctrines
makes payments under economic duress or compulsion, e.g. , when a party must make payment or face the loss essential element of an accord and satisfaction is a clear manifestation of intent by one tendering less a result of Slade’s failure to properly service and maintain Pinnacle’s elevators in an amount not less

