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Join the Securities Litigation and Enforcement Group on LinkedInJeffrey Skilling released after 12 years in prison for role in Enron scandal – Houston Chronicle
Jeffrey K. Skilling, the former Enron CEO who spent the past 12 years in prison for his role in masterminding one of most notorious corporate fraud cases in history, was released from federal custody on Thursday, the Bureau of Prisons said. via Jeffrey Skilling released after 12 years in prison for role in Enron scandal […]
Pension funds’ lawsuit against Credit Suisse ADRs allowed to proceed – Pensions & Investments
The complaint alleges that Credit Suisse misrepresented its trading and risk-limit controls and that they were increased to allow it to accumulate nearly $3 billion in distressed debt and U.S. collateralized loan obligations that later proved to be difficult to liquidate. A subsequent disclosure by Credit Suisse of a $633 million write-down related to the […]
Guest Blog: Dodd-Frank Whistleblower Protection Post-Digital Realty – Government Accountability Project
One year ago, however, the Supreme Court narrowed the scope of Dodd-Frank whistleblower protection due to an apparent drafting error. In particular, the Court held in Digital Realty Trust, Inc. v. Somers, 138 S. Ct. 767 (2018) that the definition of “whistleblower” in the anti-retaliation provision of the Dodd-Frank Act, 5 U. S. C. §78u– […]
SEC Wants to Make It Easier for Companies to Explore IPOs – WSJ
Any company exploring whether to go public would get greater leeway to discuss their plans privately with potential investors before announcing an initial public offering, under a proposal that securities regulators released Tuesday. In a bid to boost the number of public companies, the Securities and Exchange Commission proposed letting all companies “test the waters” […]
SEC and DOJ Charge Former Executives of Private Company for Misrepresenting the Company’s Technology
In a case reminiscent of last year’s blockbuster government actions against Theranos and its former executives, the U.S. Department of Justice and the U.S. Securities and Exchange Commission have separately charged two former executives of a privately held company for falsely touting the firm’s products. On February 12, 2019, the SEC filed a civil enforcement […]