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Join the Securities Litigation and Enforcement Group on LinkedInS&P analyst must face insider trading charges over merger of paint makers | Reuters
A federal judge in Manhattan on Thursday rejected requests by a Standard & Poor’s credit ratings analyst and a friend to dismiss criminal insider trading charges related to the $9.3 billion merger of paint makers Sherwin-Williams Co and Valspar Corp. U.S. District Judge Jed Rakoff said the indictment’s failure to allege that the analyst Sebastian […]
Obama-era SEC official pushes Senate to rein in corporate advisory firms
Critics charge that the firms have grown too powerful as large investors like pension funds — which often own a large amount of stock in a particular company and can significantly sway a decision one way or the other — follow their advice. “The current environment creates an undue reliance on proxy advisory firms that […]
SEC and CFTC FY2018 Results: Looking Back . . . and Looking Forward – Securities Law PerspectivesSecurities Law Perspectives
Earlier this month, the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission issued their annual reports about their Divisions of Enforcement results for fiscal year 2018. Analyzing these reports is a helpful way for us to learn from the recent historical enforcement efforts by both financial regulatory agencies. Also, both reports […]
Marriott: The Case for Cybersecurity Due Diligence During M&A – Security Boulevard
In September 2016, Marriott International announced that it had completed the acquisition of Starwood Resorts & Hotels Worldwide, creating the largest hotel company in the world. In its press release, Marriott specifically touted the best-in-class loyalty program that the two brands, combined, could now offer members. What Marriott International executives didn’t realize was that hackers […]