Court Dismisses Claim of Fraud in ‘Credit Default Swap’ Lawsuit
By Lewis Tesser and Timothy Nolen A recent decision from the Supreme Court, Appellate Division, First Department, demonstrates the importance of due... Read More
Court issues Temporary Restraining Orders for both Plaintiff and Defendant in Corporate Dissolution Proceeding
By Lewis Tesser, Partner, and Timothy Nolen, Associate, of Tesser, Ryan & Rochman, LLP A recent decision from the Suffolk County Supreme... Read More
New FINRA Rule Raises the Standard for Broker-Dealer Disclosure
A new Rule issued by the Financial Industry Regulatory Authority (FINRA) requires greater disclosure by registered broker-dealers, potentially subjecting them to penalties... Read More
Supreme Court Permits Amendment to Complaint to Allow “Veil-Piercing” Claim Against Sole Member of Corporation
By Lewis Tesser, Partner, and Timothy Nolen, Associate A decision from the New York County Supreme Court demonstrates the dangers associated with... Read More
Federal District Court Awards Approximately $3 Million in Stock Manipulation Scheme
By Lewis Tesser, Partner, and Timothy Nolen, Associate A case out of the United States District Court for the Southern District of... Read More
Court Finds that Neutral Receiver Should be Appointed where Corporate Shareholders are Hostile Toward One Another
By Lewis Tesser, Partner, and Timothy Nolen, Associate A case from the New York County Supreme Court demonstrates how courts weigh appointment... Read More
Federal Circuit Court of Appeals Dismisses as Untimely Breach of Fiduciary Duty Suit Involving Alleged Ponzi Scheme
By Lewis Tesser, Partner, and Timothy Nolen, Associate A recent case out of the Second Circuit Court of Appeals highlights the importance... Read More
Federal District Court Denies Motion for Reconsideration for Appointment as Lead Plaintiff in Contested Securities Litigation Suit
By Lewis Tesser, Partner, and Timothy Nolen, Associate A recent opinion out of the U.S. District Court for the Southern District of... Read More
Court of Appeals Holds that School District is a Corporation for the Purposes of the Statute of Limitations
By Lewis Tesser, Partner, and Timothy Nolen, Associate, of Tesser, Ryan & Rochman, LLP An opinion from the Court of Appeals has... Read More
State Court finds that Private Placement Memorandum does not Warrant Summary Judgment
By Lewis Tesser, Partner, and Timothy Nolen, Associate, of Tesser, Ryan & Rochman, LLP A recent New York County Supreme Court decision... Read More