‘Enforcement 40′ for 2017
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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 […]
Study finds mutual fund managers use their networks for info on insider trades
Chen, along with his co-authors Lauren Cohen of Harvard Business School, Umit Gurun of the University of Texas at Dallas, Dong Lou of the London School of Economics and Christopher Malloy of Harvard Business School, identified which corporate insiders were being tracked based on what trading information portfolio managers downloaded off the site. Using the […]
Do Index Funds Monitor?
Our paper, Do Index Funds Monitor? examines whether index funds monitor the firms in their portfolios and hold corporate managers accountable to the same extent that actively managed funds do. If a shareholder disagrees with firm management, she has three options. First, she can voice her opinion by voting against management proposals and in favor […]
Proskauer Launches Private Equity SEC Enforcement Database | Proskauer – Private Equity Litigation – JDSupra
Today, we are launching a proprietary database tracking all SEC enforcement actions involving private equity advisers. The database contains key information from the actions, including summaries of key issues, settlement terms, and relevant statutory provisions. The database will be an important resource for us and our clients, providing us with quick access to comparable cases […]
Cryptocurrency Investor Gets Second Chance to Show AT&T Liability in $24M Hack
A federal judge in California has given a cryptocurrency entrepreneur another shot to make his case that AT&T’s negligence allowed hackers to steal $24 million in digital currency. Hackers attacked blockchain and cryptocurrency investor Michael Terpin’s cellphone on two separate occasions, according to his initial complaint filed in the Central District Court of California in […]
“Increasingly Likely” Climate Change Liability Risks | The D&O Diary
… In connection with the event, on July 11, 2019 the Clyde & Co law firm published an excellent, comprehensive paper on climate change developments and risks, entitled “Climate Change: Liability Risks for Businesses, Directors and Officers – The Coming Wave of Litigation” (here). This paper provides an overview of the challenges that businesses face […]
Hertz sues former executives to recoup millions tied to accounting scandal
In a rare legal move, Hertz seeks to collect millions from its former senior executives, blaming them for an accounting scandal that rocked the company five years ago. The Estero-based car rental giant and its parent company have filed companion lawsuits, pointing their collective finger at four executives. via Hertz sues former executives to recoup millions tied […]