‘Enforcement 40’ for 2020
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Skadden Heads List of Top 50 Litigation Practices by Revenue ($901 million). http://is.gd/8QZ5 # Video: “A Discussion about Fraud and Bankruptcy,” from Deloitte. http://tinyurl.com/6n3tuw # Deloitte: Bankrupt Companies Three Times More Likely to be Subject of SEC Enforcement Action (w/report). http://tinyurl.com/5q24e8 # SEC’s Linda Thomsen: SEC has critical role to play in rebuilding the confidence […]
SEC Deputy Chief of Staff Alexander Cohen Returning to Private Sector
The SEC announced today that Alexander F. Cohen, Deputy Chief of Staff and former Deputy General Counsel, will leave the agency on December 18 to return to the private sector. Mr. Cohen joined the SEC staff in 2006 as Deputy General Counsel for Legal Policy and Administrative Practice, and joined the Chairman’s office in May […]
Skadden Heads List of Top 50 Litigation Practices by Revenue
The Lawyer has released its rankings of the 50 largest litigation practices at the leading US and UK-headquartered firms. The rankings measure litigation revenue overall, as well as Revenue Per Lawyer and Revenue Per Partner. Skadden Arps Slate Meagher & Flom tops the table for overall revenue from litigation (litigation, arbitration and disputes), generating more […]
China: Securities Enforcement Hotbed!
What in the name of the Birds’ Nest is going on in China? After 500+ posts on Securities Docket we’d never once had a “China” story, until today. First, as discussed here earlier, the “richest person in China” is reportedly detained and questioned by police for alleged stock manipulation. Now, on the same day, we […]
Video: Deloitte’s “A Discussion About Fraud and Bankruptcy”
Deloitte’s video entitled “A Discussion About Fraud and Bankruptcy” that accompanied the report discussed here earlier finding that bankrupt companies are three times more likely to be the subject of an SEC Enforcement action.
Deloitte Study Shows Bankrupt Companies Three Times More Likely to be Subject of SEC Enforcement Action
A new study released today from Deloitte Financial Advisory Services shows that bankrupt companies are three times more likely to have been the subject of SEC enforcement actions. The study tracked companies with annual revenues of more than $100 million, and compared 519 bankrupt companies to a group of 2,919 non-bankrupt companies from about 2000 […]
Australia: Alleged Failure of Foreign Litigation Funders to Register in Australia May Undermine Huge Class Action
Live by the litigation funder, die by the litigation funder? Lawyers for Brookfield Multiplex have reportedly revealed that overseas litigation funders who are bankrolling the securities class action against their client may have operated an unregistered management investment scheme. The failure of the Singaporean and Canadian funders to register as Australian businesses “has cast doubts […]
Lloyd’s Of London Warns Class Actions, Forum Shopping on Rise in Europe
Lloyd’s of London warns that class actions, forum shopping and third-party funding of litigation are on the increase in Europe and the United States. The warning comes in its latest report, “Litigation and Business: Transatlantic Trends.” As discussed in Business Insurance News, the Lloyd’s report claims that the risk to business of mass litigation is […]
Insider Trades by Females Less than Half as Profitable As Trades by Men
Finance professors at the University of Michigan have found that female executives and board members who buy or sell their own companies’ shares based on nonpublic information get less than half the benefit that men in similar positions gain when they risk insider trades. The professors studied 700,000 insider trades over a period of 20 […]
Boutique Firms Stake Out Growing Practice Suing Banks for Subprime Losses
Companies in both the US and the UK with huge claims against banks for subprime mortgage losses have largely been unable to find large law firms willing to take these cases due to conflicts issues. Most such law firms already represent the large banks. Plaintiffs, then, are turning to litigation boutique firms such as Quinn […]