Charles Schwab Shareholder Loses $187M Case Against Board Over Robo-Investing Program
U.S. District Judge Rita Lin of the Northern District of California found that despite amending the case twice, the shareholder—Reynolds Family Revocable Trust—hadn't sufficiently alleged that Charles Schwab directors were aware of the alleged issues with the robo-adviser program, much less that the marketing was misleading.
Delaware Superior Court: Whether Accord Is in Stock or Cash, Insurer Liable for AMC Settlement
"This ruling will have far-reaching implications for businesses, as it will give them much needed financial flexibility in resolving claims without sacrificing the insurance coverage to which they are entitled," said Cohen Ziffer Frenchman & McKenna Chair Robin Cohen, whose firm was among those that represented the movie theater chain in the litigation.