Daily Archives: June 25, 2018, 12:03 pm

Conviction of SAC’s Martoma upheld despite jury instructions | Reuters

In an unusual 2-1 decision, the 2nd U.S. Circuit Court of Appeals, which had upheld Martoma’s conviction and nine-year prison term in August 2017, withdrew its finding at that time that the jury instructions were “not obviously erroneous.” It said the instructions wrongly allowed a conviction solely on evidence that a Michigan doctor had tipped Martoma about a Alzheimer’s drug…

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ANKURA AGREES TO ACQUIRE NAVIGANT’S DFLT SEGMENT AND TAS PRACTICE – Ankura

Navigant (NYSE: NCI) and Ankura today announced a definitive agreement under which Navigant will sell its Disputes, Forensics and Legal Technology (DFLT) segment and its Transaction Advisory Services (TAS) practice to Ankura Consulting Group, LLC (Ankura), a leading business advisory and expert services firm. The transaction is valued at $470 million, and is expected to close during the third quarter,…

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Lucia: The Beginning of the End of SEC ALJ?

The Supreme Court resolved the question of whether SEC ALJs must be appointed in accord with the Constitution’s Appointments Clause, holding that their retention is subject to the provision. Thus the Court held that Petitioner Raymond J. Lucia is entitled to a new hearing before a different ALJ appointed in accord with the Constitution. Raymond J. Lucia, vs. Securities and…

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