‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInReport: Settlement Close in IPO Securities Litigation
A settlement of the long-running IPO Securities Litigation may be close, Bloomberg reports. The settlement is reportedly in the “final stages of negotiations” and is likely to be for less than $700 million, “less than a quarter of what a plaintiffs’ attorney said the banks proposed at one point, and a fraction of the $12.5 […]
84-Year-Old Thelen Law Firm’s Partnership Council Recommends Dissolution of Firm
Thelen LLP announced today that its Partnership Council has recommended to the full partnership that the firm close its doors effective Dec. 1. The partnership has seven days to vote on the recommendation. The firm stated that “the decision to dissolve the firm was precipitated by several economic factors, including recessionary pressures and numerous partner […]
DLA Piper Memorandum on SEC Enforcement Manual
Law firm DLA Piper has published the latest memorandum regarding the new SEC Enforcement Manual (previously discussed here). The memo observes that “the Manual provides a window into SEC enforcement operations and should be helpful in dealing with SEC enforcement counsel, particularly during the investigative phase of a matter.” DLA Piper examines several key provisions […]
Miller & Chevalier Latin America Survey Finds Corruption Remains Significant Obstacle
A Latin America Corruption Survey conducted by US law firm Miller & Chevalier and six Latin American law firms indicates that corruption continues to be a widespread and costly problem for businesses in the region. Miller & Chevalier’s Homer Moyer stated that “Respondents to our survey see corruption as a significant obstacle for their businesses. […]