‘Enforcement 40′ for 2017
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In Theranos Civil Case, Cooley Says Elizabeth Holmes Has Growing Unpaid Legal Bill | The Recorder
Cooley chairman Stephen Neal, Palo Alto partner-in-charge John Dwyer and associate Jeffrey Lombard filed the motion on Sept. 30 in U.S. District Court in Phoenix, claiming that “Ms. Holmes has not paid Cooley for any of its work as her counsel of record in this action for more than a year. “Further, given Ms. Holmes’s […]
Insider-trading law fix is within reach | Reuters
The act still has a ways to go before becoming law. It won approval from the U.S. House of Representatives’ Financial Services Committee in May, drawing support from Republicans and Democrats alike – no small feat in a highly partisan Congress. The full House is expected to take it up in the fall. Like a […]
Episode 916: The Whistleblower Whisperer : Planet Money : NPR
Jordan Thomas is one of the top whistleblower lawyers in the country. When people on Wall Street see some kind of financial wrongdoing and want to report it, they can work with him to bring evidence to the SEC anonymously. Tips his clients have brought to the SEC have led to huge cases against some […]
Does a Directors and Officers Insurance Policy Cover the Settlement of Criminal Charges? | Insurance and Reinsurance Disputes Blog
Directors and Officers (“D&O”) insurance policies cover individuals and entities for a wide variety of claims for “wrongful acts.” Many D&O policies provide coverage for claims based on criminal proceedings. When criminal charges are settled against corporations and officers, very often the settlement includes fines, penalties, cost of investigation and other payments. Are these payments […]
Telegram Pushes Ahead With Plans for ‘Gram’ Cryptocurrency – The New York Times
Telegram has told investors that it is planning to send out the first batches of its coin, the Gram, within the next two months, according to three investors who have spoken with Telegram recently. Telegram is also planning to make Gram digital wallets available to the 200 million to 300 million global users of Telegram’s […]
Isn’t It Ironic? Litigation Funding Firm Hit With Securities Suit | The D&O Diary
In a development that some may find more than a little bit ironic, U.K.-based litigation finance firm Burford Capital has been hit with a securities class action lawsuit following a drop in its share price after a short seller published a report questioning the company’s financial reporting. Burford has denied the short seller’s allegations and […]
Harry Markopolos says he can’t reveal the hedge fund he’s working for
Madoff whistleblower Harry Markopolos is probing GE on behalf of a hedge fund — but he won’t say which one. “I can’t — I promised confidentiality,” Markopolos told CNBC’s “Squawk on the Street ” Thursday. “It’s a mid-sized, U.S. based hedge fund.” Markopolos said it was “their request,” not his, and that he was getting […]
GE Is New Target of Madoff Whistleblower – WSJ
An accounting expert who raised red flags about Bernie Madoff ’s Ponzi scheme has a new target: General Electric Co. In a research report posted online Thursday, Harry Markopolos alleges the struggling conglomerate has masked the depths of its problems, resulting in inaccurate and fraudulent financial filings with regulators. The report, which numbers more than […]
NYC Bar addresses Bitcoin as payment for legal services
The bottom line: accepting cryptocurrency as payment for legal services isn’t impermissible in New York, but it’s important to tread lightly and think through your options carefully prior to doing so. The good news is that if you’re a New York lawyer and have been pondering whether to accept Bitcoin as payment for legal services, […]
What the Capital One Hack Means for Boards of Directors | LinkedIn
Undoubtedly, upon learning of the Capital One hack, corporate board members across the U.S. are likely struck by one immediate thought (there but for the grace of God go I) and one immediate question (What should I do now?). This article tackles the issue of third party digital risk management head-on, by offering a useful and comprehensive strategical […]