‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInTesla’s Entire Board Sued over Elon Musk’s Trigger-Happy Twitter Thumbs
Billionaire Elon Musk and all 11 members of Tesla’s board of directors have been named in a shareholder lawsuit claiming the Tesla CEO’s “unchecked misstatements on Twitter” have harmed the company. The lawsuit was filed March 8 in the Delaware Court of Chancery by the Laborers’ District Council and Contractors’ Pension Fund of Ohio, a […]
Martin Shkreli probed over report he’s still running company
The U.S. Bureau of Prisons said on Friday it was investigating former drug company executive Martin Shkreli’s conduct in prison after the Wall Street Journal reported he was still helping run his old company using a contraband cellphone. “When there are allegations of misconduct, they are thoroughly investigated and appropriate action is taken if such […]
Elon Musk Tweets: Fight With SEC Goes to Court – Bloomberg
“The SEC will press hard on this,” said Stephen Crimmins, a former agency enforcement lawyer who is now a partner at Murphy & McGonigle. “Disobeying an order of the court is an insult to the court and the judge. So the court has to take this seriously.” At the SEC’s request, U.S. District Judge Alison […]