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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z View All

Recent Second Circuit Decision Determines that Insurance Agent was not a Franchisee Under Connecticut Franchise Act

by Wiggin and Dana LLP | Sep 15, 2019

On June 24, 2013, the Second Circuit Court of Appeals affirmed a summary judgment decision by the U.S. District Court for the District of Connecticut holding that the Connecticut Franchise Act (“CFA”) did not apply to the relationship between an insurance...

Court Holds CEO Personally Liable for FLSA Violations

by Wiggin and Dana LLP | Sep 15, 2019

In a case that should provide a cautionary tale to business owners and high-level managers, the United States Court of Appeals for the Second Circuit recently affirmed a ruling finding John Catsimatidis, the CEO and owner of New York-area grocery chain...

Second Circuit Limits Criminal Prosecution of Securities Fraud

by Wiggin and Dana LLP | Sep 15, 2019

Last week, the U.S. Court of Appeals for the Second Circuit limited the reach of criminal prosecutors in cases involving foreign securities and foreign transactions, providing defense counsel with ammunition to challenge such prosecutions. The court’s holding...

Hedge Fund Adviser Sanctioned for Breaching Fiduciary Duty to Fund By Participating in Undisclosed Principal Transaction

by Wiggin and Dana LLP | Sep 15, 2019

On September 18, 2013, the Securities and Exchange Commission charged Shadron L. Stastney with breaching his fiduciary duty to the hedge fund he advised by engineering an undisclosed principal transaction in which he had a financial conflict of interest, thereby...

The Third Circuit Court of Appeals Erects Significant New Barrier to Plaintiffs Seeking to Certify Consumer Classes

by Wiggin and Dana LLP | Sep 15, 2019

In August 2013, the Third Circuit Court of Appeals issued two opinions reversing district court certification of consumer classes because the plaintiffs in each case had failed to present a viable way of demonstrating that each proposed class member had purchased the...
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