Filtered by Tag: Inc.
On September 16, 2021, U.S. District Judge Annemarie Carney Axon of the Northern District of Alabama (Eastern Division) appointed Pomerantz LLP as Co-Lead Counsel on behalf of the Lead Plaintiffs in Phillips v. Churchill Capital Corporation, 21-cv-539 (N.D. Ala.), a securities action brought on behalf of a class of defrauded investors concerning allegations related to statements made regarding the volume of automobiles to be produced following the merger of Churchill Capital Corporation IV and Lucid Motors, Inc. Churchill is a blank check company, also known as a special purpose acquisition…
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Pomerantz, on behalf of our client, an individual shareholder acting as plaintiff, scored a victory in its pursuit of a books and records request against pursuant to Section 220 of the Delaware General Corporation Law. StoneMor owns and operates more than 300 cemeteries and 80 funeral homes in the United States, offering products and services including caskets, burial lots and mausoleum crypts. On December 31, 2019, the Company completed a series of reorganization transactions that effectively converted it from a Delaware limited liability company into…
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n November 2020, Pomerantz received a ruling in a Section 220 books and records proceeding that included a startling admonition from the Delaware Court of Chancery criticizing the overly aggressive defense strategy adopted by Gilead Sciences, Inc. At the time, the Court opened the door for fee shifting in the case: “Defendants like Gilead adopt this strategy with the apparent belief that there is no real downside to doing so…”
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