Law Office of Henry B. LaTorraca Civil Trial Attorney

March 2018 Archives

Breach of fiduciary duty alleged in shareholder lawsuit

Corporate officials and board members in California and across the country have a responsibility to act in the best interests of a company and its shareholders as part of their fiduciary duties. When they fail to do so, shareholders and others directly affected can challenge their actions in court. In one such case, a shareholder in a large media company is pursuing a lawsuit against Media News Group Enterprises and the New York-based hedge fund that owns it, Alden Global Capital, claiming that they have breached their fiduciary duty.

The aftermath of Toys 'R' Us bankruptcy

In September 2017, Toys 'R' Us filed for bankruptcy, and it recently announced that all stores in the United States will be closing. This means that there will be many lots available for lease or purchase in California. However, there is no guarantee that they will all be turned into office or retail space. Whether a former Toys 'R' Us store is used for a new purpose going forward depends on many factors.

Commercial real estate can be a stable investment choice

Some California investors in commercial real estate have concerns about falling values. Over two decades, returns on investments in the sector skyrocketed. In 2016, however, the returns fell below the 10.1 percent average for the first time since the financial crisis of 2008. Some forecasts envision that returns in 2018 and 2019 will hover in the range of 6 percent.

California's Coinbase hit with class-action lawsuit

San Francisco-based Coinbase, a cryptocurrency exchange, is now the target of a class-action lawsuit for allegedly engaging in insider trading. The lawsuit was filed on March 1 by a man who is representing a group of investors who placed trades between Dec. 19 and Dec. 21, 2017.

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