‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC embracing analytics as tool to catch crooked traders – New England In-House
According to Smith, the SEC is moving toward an aggressive data analytics-driven enforcement regime whereby the agency is able to compile and present comprehensive trading analyses demonstrating a potential violation, prior to even opening a formal investigation against an entity. “They’re not shooting first and asking questions later, but they are coming in ready to […]
Supreme Court to decide Lorenzo v. SEC
“You now have four Democrats and four Republicans on a case that closely divided the Supreme Court in 2011,” John Coffee, securities law expert and professor of law at Columbia Law School, told Yahoo Finance. If the case ties, as Coffee suspects it will, then a lower court ruling that was largely in favor of […]
U.S. to Retry Ex-Perella Banker on Insider-Trading Charges – Bloomberg
U.S. prosecutors plan to retry a former Perella Weinberg Partners LP banker whose insider-trading conviction was reversed by an appeals court. Sean Stewart was convicted last year of tipping his father to five health-care mergers and sentenced to three years in prison. The appeals court threw out the conviction last month, ruling that the trial […]
With Plenty of Plaintiffs, Lawyers Flood the Courts Over Marriott’s Massive Breach | Law.com
Lawyers rushed to bring about a dozen class actions over Marriott’s data breach—and with about 500 million people potentially impacted, they didn’t have to go far to find a plaintiff. “There are so many people that have been potentially compromised, which means basically people could trip over a plaintiff if they just walk outside,” said […]