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Lowey Dannenberg invites lawyers and interested members of the public to a webinar that will discuss the future of anti-monopolization laws in the United States. In particular, the discussion will focus on a Senate legislation, the Anticompetitive Exclusionary Conduct Prevention Act of 2020 (AECPA), that proposes dramatic changes in how the antitrust laws deal with firms that have market power.…

On April 1, 2020, the U.S. Court of Appeals for the Second Circuit ruled in favor of Plaintiffs California State Teachers’ Retirement System, Hayman Capital Master Fund, L.P., Japan Macro Opportunities Master Fund, L.P., and Sonterra Capital Master Fund Ltd. finding that they had standing to sue Defendants Barclays, RBS, and UBS (among others) for their manipulation of Yen-LIBOR and Euroyen TIBOR.…

Tal Education is a multibillion dollar provider of K-12 after school tutoring services in core academic subjects.  Lowey Dannenberg’s investigation concerns whether Tal Education and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  On April 7, 2020, after close of trading, TAL Education announced that it had uncovered certain employee wrongdoing during…

On February 18, 2020, Bruker disclosed that the Company’s Audit Committee “has initiated an internal investigation into an allegation recently received in connection with the year-end-close, primarily relating to income tax matters including the effective income tax rate for 2019 and the related income tax balance sheet accounts.” Then, on March 3, 2020, the Bruker announced that it was delaying…

Hallmark is a specialty property and casualty insurance company.  During the  month of March 2020, Hallmark’s shares experienced a precipitous fall as a result of a series of alarming announcements.  First, on March 2, 2020, Hallmark issued a press release, announcing its decision to “exit from the Binding Primary Auto portfolio, which represented approximately $114 million of the Company’s gross…