In Cantor Fitzgerald, L.P. v. Ainslie (Del. Jan. 29, 2024), the Delaware Supreme Court reinforced the principle of “freedom of contract” by upholding a “forfeiture for competition” clause in a limited partnership agreement. This ruling, significant given Delaware's traditionally non-compete friendly stance, signals a shift in favor of enforcing sophisticated contractual agreements between parties.  Case […]

FINRA fined securities broker Todd Arnold Havemeister [CRD: 1942953, Melbourne, Florida], and investors complained about him, according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Todd Havemeister worked for Great Point Capital LLC from August 21, 2018, to May 5, 2022. Here’s more about the disclosures concerning Todd Havemeister and how they may […]

Investors possibly experienced losses because of securities broker Thomas Brian Swan [CRD: 1698430, Westlake Village, California], and Securities and Exchange Commission (SEC) brought a complaint against him, according to publicly available disclosures. Evidently, Thomas Swan has worked for Western International Securities Inc. since 2008 as a securities broker and since 2014 as a financial advisor. […]

Investors might have sustained losses due to securities broker Sterling Carmen Hirsch [CRD: 4867105, Yucaipa, California], and a regulator fined him, according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Hirsch worked for First Allied Securities Inc. from November 15, 2013, to November 7, 2018. He also joined Infinity Financial Services in 2018 […]

Investors complained about securities broker Spencer M. Miller [CRD: 6273107, Westlake Village, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Spencer Miller has worked for Merrill Lynch Pierce Fenner Smith Incorporated since January 14, 2014. Here’s more about Spencer Miller’s disclosures. Merrill Lynch Pierce Fenner Smith Incorporated Investor Accused Miller Of […]

Investors possibly experienced losses because of financial advisor / securities broker Shane Michael DeSherlia [CRD: 6800960, Jerseyville, Illinois], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Shane DeSherlia has worked for Moloney Securities Co. Inc. since May 24, 2017, and Moloney Securities Asset Management LLC since November 7, 2019. Keep reading to […]

Investors might have sustained losses due to financial advisor/ securities broker Scott Gerald Thole [CRD: 4516390, Saint Paul, Minnesota], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Thole has been employed by Merrill Lynch Pierce Fenner Smith Incorporated since May 13, 2016. Continue reading to learn more about the allegations and disclosures related […]

Delaware Corporations Must Employ Procedural Safeguards When Approving a Reincorporation That Could Benefit a Controlling Stockholder to Avoid Entire Fairness Standard of Review In Palkon v. Maffei (Del. Ch. Feb. 20, 2024), the Delaware Court of Chancery addressed whether the “entire fairness” standard of review applies to a controlling stockholder’s approval of reincorporation transactions that […]

Delaware Court Ruling in Ap-Fonden v. Activision Blizzard, Inc. and Implications for Corporate Law In Ap-Fonden v. Activision Blizzard, Inc., the Delaware Court of Chancery, under Judge McCormick, ruled on the adequacy of a merger agreement approved by Activision Blizzard’s Board of Directors. The decision has significant implications for how merger agreements must be presented […]