‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC claims Navistar, former CEO misled investors about truck engine | Compliance Week
Yesterday, the SEC filed an administrative proceeding against Navistar International Corp. alleging that Navistar misled investors when it “failed to fully disclose the company’s difficulties obtaining Environmental Protection Agency (EPA) certification” of a particular truck engine. Navistar agreed to settle the SEC’s AP by paying a $7.5 million penalty and a separate case against the […]
Why I’m So Passionate about Omnicare | D&O Discourse
In my tax law class in law school, my professor said that he could teach all of tax law through the U.S. Supreme Court case Old Colony Trust Co. v. Commissioner, 279 U.S. 716 (1929). Similarly, Omnicare provides the foundation for multiple legal and strategic elements of a strong defense of a securities class action. […]
Hackers Breach Law Firms, Including Cravath and Weil Gotshal – WSJ
Hackers broke into the computer networks at some of the country’s most prestigious law firms, and federal investigators are exploring whether they stole confidential information for the purpose of insider trading, according to people familiar with the matter. The firms include Cravath Swaine & Moore LLP and Weil Gotshal & Manges LLP, which represent Wall […]
Husband of Areva’s ex-chief charged with insider trading: source – Times of India
French authorities have charged the husband of French nuclear giant Areva’s former boss Anne Lauvergeon with insider trading as part of a probe into its 2007 purchase of a Canadian uranium mining firm, a legal source said Wednesday. Energy sector adviser Olivier Fric was charged on March 23 after the finance ministry’s intelligence unit homed […]
Utah’s white-collar crime database could serve as national model | Fox News
Utah’s novel approach to fighting white-collar crime could eventually expand across the country, helping residents of all 50 states identify crooks who may be plotting to rip them off. via Utah’s white-collar crime database could serve as national model | Fox News
Lawyers Call For Challenges to SEC Administrative Proceedings | The Bond Buyer
The Supreme Court’s refusal to take up a case on the Securities and Exchange Commission’s use of administrative proceedings to impose penalties in enforcement cases prompted a law firm to recommend those subject to administrative proceedings to challenge their constitutionality. The alert issued by Orrick, Herrington & Sutcliffe on Thursday comes as the SEC has […]
Silicon Valley Must Corral Its `Unicorns,’ SEC’s White Says – Bloomberg
The head of the U.S. Securities and Exchange Commission ventured deep into Silicon Valley Thursday to warn the tech community and its investors to be wary of unicorns. Mary Jo White, speaking at Stanford Law School in California, was referring not to the mythical horse-like creature but to non-public startups valued at more than $1 […]
Who’s Yo Daddy? — For Securities Bar, Stanley Sporkin | Big Law Business
In the 1990 movie Kindergarten Cop, Arnold Schwarzenegger famously asked, “Who is your daddy, and what does he do?“ For a tight-knit cadre of prominent securities lawyers, a recent article suggests, the answer to that question is clear: former federal judge Stanley Sporkin. “Colleagues in the securities bar have observed the phenomenon of ‘Sporkin’s kids’ referring […]