Law Street

1 week ago | lawstreetmedia.com | David Nayer

FOIAengine: Multiple Hedge Funds Seeking Inspection ReportsLeading medical device manufacturer Insulet Corporation’s stock price (NASDAQ: PODD) is on a roll. But that hasn’t stopped leading financial firms from monitoring the company’s Food and Drug Administration plant inspections to learn of any bad news that might slow its growth.

2 weeks ago | lawstreetmedia.com | David Nayer

Alternative asset management firm TPG announced plans to acquire Sabre Corporation’s Hospitality Solutions business for $1.1 billion. The all-cash deal is projected to net Sabre $960 million, after accounting for taxes and fees, which will be used primarily to pay down debt. “Hospitality Solutions provides software and solutions to more than 40 percent of the world’s leading hotel brands,” according to the deal’s press release.

2 weeks ago | lawstreetmedia.com | David Nayer

In 1995, Congress passed the Private Securities Litigation Reform Act, or PSLRA. The law was designed to stem the tide of allegedly frivolous securities lawsuits. Such lawsuits are filed under Rule 10(b) of the Securities Exchange Act of 1934, and generally allege that the plaintiff’s investment holdings were devalued, via a decrease in stock price, by the misstatements or omissions of the defendant corporation. The PSLRA raises the pleading requirements for these lawsuits.

3 weeks ago | lawstreetmedia.com | David Nayer

Novartis announced plans to acquire Regulus Therapeutics Inc. (Nasdaq: RGLS), a biopharmaceutical company developing medicines targeting microRNAs, for $800 million. The all cash deal includes a contingent value right providing for an additional payment of $7.00 per share to Regulus shareholders, contingent upon the achievement of a milestone with respect to regulatory approval of the company’s farabursen product, which aims to treat autosomal dominant polycystic kidney disease.

3 weeks ago | lawstreetmedia.com | David Nayer

FOIAengine Tracks the High Cost of Getting Even, and the RewardsUntil six weeks ago, Jason Galanis was Inmate 80739-198 at the federal prison in Montgomery, Alabama, sentenced to almost 16 years confinement after admitting to a wild scheme in which he swindled tens of millions of dollars from the Oglala Sioux tribe and its pension fund.