Monday, April 24, 2017 4:57 PM PT
By LORRAINE BAILEY 

     (CN) - The Delaware Chancery Court rejected a shareholder challenge to the $146 million merger of Coeur Mining and Paramount Gold and Silver in a dispute over an allegedly excessive termination fee. 

By LORRAINE BAILEY 

     (CN) - A federal court cannot reverse its decision granting a convicted fraudster a $1 million restitution credit on his $4 million bill, eight years after the fact, the Second Circuit ruled. 

By LORRAINE BAILEY 

     (CN) - Saba Software shareholders have a viable claim that the company's board accepted a measly $9-per-share acquisition offer in order to cash in their own stock options, the Delaware Chancery Court ruled. 

By LORRAINE BAILEY 

     (CN) - An attorney must return $5 million wired to him by a convicted Ponzi schemer in an attempt to protect the funds from an SEC enforcement action, the Ninth Circuit ruled. 

By LORRAINE BAILEY 

     (CN) - Enbridge Energy Partners may have unfairly reduced its tax obligation at the expense of investors when it agreed to sell its interest in the Alberta Clipper pipeline project to its parent company, the Delaware Supreme Court ruled. 

By MATTHEW RENDA 

     SAN JOSE, Calif. (CN) - A federal judge tossed a shareholder derivative suit against Disney's 11-person board of directors for lack of evidence they knew about a wage-fixing agreement between animation studios. 

By LORRAINE BAILEY 

     (CN) - Calistoga Pharmaceuticals shareholders cannot lay claim to a $50 million payment tied to its merger agreement with Gilead because its drug was approved in Europe for only a subset of leukemia patients. 

By LORRAINE BAILEY 

     (CN) - Vanguard Natural Resources may have misled shareholders by neglecting to disclose a cut to shareholder distributions to pay down debt associated with its acquisition of LRR Energy, a federal judge ruled. 

By RYAN KOCIAN 

     TYLER, Texas (CN) - A federal judge granted class certification in a securities fraud lawsuit accusing J.C. Penney of boosting its stock price through false and misleading statements. 

By LORRAINE BAILEY 

     (CN) - The Securities and Exchange Commission should have considered the public's right to know before refusing to release names of people who submitted comments about the Empire State Building's conversion to an REIT, a federal judge ruled. 

By LORRAINE BAILEY 

     (CN) - A CEO who borrowed $8 million from Merrill Lynch to exercise stock options just before the 2008 financial crisis cannot sue the bank for liquidating a portion of his collateral when the stock market bottomed out, the Sixth Circuit ruled. 

By DAVID LEE 

     SHERMAN, Texas (CN) - A federal judge dismissed the U.S. Securities and Exchange Commission's lawsuit against Texas Attorney General Ken Paxton for the second and final time as he awaits trial on similar state criminal charges. 

By LORRAINE BAILEY 

     (CN) - Real estate investment trust American Realty Capital Properties knowingly overstated its financial performance in order to line its executives' pockets with hundreds of millions in fees and commissions, investors claim in court.

By NICKEESHA SWABY 

     (CN) - Shareholders claim in court that semiconductor manufacturer Exar Corp.'s looming acquisition by MaxLinear Inc. for $700 million is lacking considering the company's recent performance.

By NICKEESHA SWABY 

     (CN) - Investors are suing fertility company OvaScience Inc. claiming they were misled about the effectiveness of the company's only marketable drug before its trial methods came under fire from the Food and Drug Administration.

By NICKEESHA SWABY 

     (CN) - Investors claim in a class action that mattress maker Tempur Sealy lied about its current and future financial prospects while renegotiating a supply agreement with its largest customer.

By GINA CARRANO 

     WILMINGTON, Del. (CN) - Pointing to oil's miraculous market turnaround, shareholders claim in a federal class action that the planned $3.2 billion acquisition of a Texas tycoon's company falls short. 

By LORRAINE BAILEY 

     
     CHICAGO (CN) - In a derivative suit, Urban Outfitters shareholders say the company misrepresented the strength of its core brand in 2013 sales figures, causing shares to fall 10 percent when the gloomy news became known.

By NICKEESHA SWABY 

     
     (CN) - Pharmaceutical firm Scynexis Inc. failed to reveal problems with its flagship drug after raising $62 million in the company's initial public offering, investors claim in a class action.

By MONICA PAIS 

     (CN) - The Federal Trade Commission sued a Miami-based firm it says stole millions from inventors by selling them bogus patent and marketing services. 

By NICKEESHA SWABY 

     (CN) - A class of shareholders claims in court that they were left in the dark about the $1.6 billion acquisition of data technology company Ixia by Keysight Technologies Inc.

By ROBERT KAHN 

     MANHATTAN (CN) - A Ukrainian stock-trading firm manipulated U.S. markets "hundreds of thousands of times" and made $28 million from it, with help from the CEO of a brokerage firm in New York City, the SEC claims in Federal Court. 

By KEVIN KOENINGER 

     CHICAGO (CN) - A class of Caterpillar shareholders claims the machinery manufacturer used foreign subsidiaries to avoid paying billions in taxes and then lied about its conduct to prevent a drop in stock price. 

By NICKEESHA SWABY 

     (CN) - Biopharmaceutical company Galena Biopharma Inc. allegedly violated a litany of federal laws in connection with sales of its fentanyl drug Abstral causing investors substantial losses when the company revealed it was under civil and criminal investigations.

By NICKEESHA SWABY 

     
     (CN) - Western Union is being sued by investors after admitting to fraud and agreeing to pay $586 million to settle investigations by the U.S. Department of Justice and the Federal Trade Commission.

By TISH KRAFT 

     (CN) - The U.S. Securities and Exchange Commission announced it had amended rules to increase how much money companies can raise through crowdfunding, to adjust for inflation. 

By IZZY KAPNICK 

     (CN) - The Securities and Exchange Commission would "benefit enormously" if at least one commissioner is required to have experience as a state regulator, according to North American Securities Administrators' Association policy director Michael Canning.

By IZZY KAPNICK 

     (CN) - The North American Securities Administrators Association wants Congress to fund regional investor-protection programs and require at least one member of the Securities and Exchange Commission to have experience as a state securities regulator.

By TISH KRAFT 

           (CN) - With a fast-growing trend of financial investment advisers providing services online, potentially while using computer algorithms, the United States Securities and Exchange Commission wants investors to know that the so-called "robo-advisers" can be researched as regular financial advisers can, including registration or license status and disciplinary history.

By IZZY KAPNICK 

     (CN) - The Securities and Exchange Commission and the North Amercian Securities Administrators Association signed an information-sharing agreement that they claim will help protect the public against fraud in the wake of new rules for intrastate capital-raising.

By BARBARA LEONARD 

     MANHATTAN - A federal jury convicted legendary sports gambler Billy Walters on April 7 of an insider-trading scheme with the CEO of Dean Foods that netted him $43 million.

By DAVID LEE 

     McKINNEY, Texas (CN) - A Texas judge delayed the May 1 criminal trial of Texas Attorney General Ken Paxton and agreed to move it out of Collin County, as prosecutors requested, claiming Paxton's lawyers have tainted the local jury pool.

By IZZY KAPNICK 

     (CN) - In a long-anticipated confirmation hearing, the nominee for Chair of the Securities and Exchange Commission was grilled by Democratic senators over his career as an attorney representing Wall Street financial firms, and the prospect of having to recuse himself from regulatory matters due to ties to the institutions he will be charged with policing.

By JOSH RUSSELL 

     MANHATTAN (CN) - Opening the inside-trading trial of a legendary sports gambler, federal prosecutors told jurors Wednesday that Billy Walters is "a cheater trying to look like a genius."

By DAVID LEE 

     McKINNEY, Texas (CN) - Texas Attorney General Ken Paxton dared special prosecutors to drop their criminal case against him, saying their request to delay his May 1 trial until they are paid violates his right to a speedy trial.

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