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Volkswagen faces a trial next week as investors seek 9.2 billion euros ($10.7 billion) in compensation arguing that the carmaker should have informed shareholders about a diesel pollution scandal before regulators did in September 2015. via VW faces about $10.7 billion investor suit over dieselgate scandal | Reuters.
The Securities and Exchange Commission is awarding $39 million to one whistleblower and $15 million to another whose critical information and continued assistance helped the agency bring an important enforcement action. The $39 million award is the second-largest award in the history of the SEC’s whistleblower program. via SEC.gov | SEC Awards More Than $54 […]
The lawsuit alleges Musk manipulated the price of Tesla shares by issuing materially false and misleading information, according to a copy of the suit which was posted online and confirmed as authentic by the well-known short seller Left. via Short seller Andrew Left files class action lawsuit against Tesla and Elon Musk.
The Securities and Exchange Commission today announced that Anita B. Bandy and Carolyn M. Welshhans have been named Associate Directors in the SEC’s Division of Enforcement. In their new roles, Ms. Bandy and Ms. Welshhans will each supervise approximately 40 attorneys, paralegals, and staff responsible for investigating a wide variety of securities law violations. via […]
As with any new exposures, cryptocurrencies bring with them new insurance needs. Whilst the premium earned from cryptocurrency businesses is modest, to date, insurers are beginning to accept this as an area of possible organic growth and they are seriously considering the risks versus rewards of underwriting crypto-related businesses. via Guest Post: Cryptocurrencies – To […]