Court Tosses Suit Over Self-Reported Exec Misconduct at LendingClub

A derivative action against online loan platform LendingClub Corp. alleging that the company’s board of directors breached its fiduciary duties was dismissed in Delaware Chancery Court  after investors failed to prove that the board acted in bad faith after self-reporting misconduct to the Securities and Exchange Commission. 

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California Justices Consider Bad Faith in Malicious Prosecution Case

No lawyer wants to find themselves being sued for malicious prosecution simply for doing their job, but Latham & Watkins – accused of bringing specious trade secrets claims against a client’s former employees – says they’re protected because their clients still won an important ruling, even though they ultimately lost and were later found to have brought their case in bad faith.

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