‘Enforcement 40’ for 2020
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By Securities Docket on April 29, 2019, 5:07 pm
Lisa Osofsky, a former FBI lawyer who took over at the SFO last August, aims to work with HM Revenue and Customs to uncover wrongdoing by offering tax evaders the opportunity to wear a recording device in exchange for reduced jail time. “You can spend 20 years in jail for what you did or wear a […]
By Securities Docket on April 29, 2019, 5:06 pm
An uptick in white-collar prosecutions by the Trump administration could bring relief to high-end defense lawyers, who have been searching for work after years of declining federal prosecutions. via Uptick in Trump white collar prosecutions may ease lawyers’ pain – Reuters.
Posted in Criminal, Top | Tagged Prosecutions
By Securities Docket on April 29, 2019, 8:35 am
A revised agreement between Mr. Musk and the Securities and Exchange Commission, filed in federal court in Manhattan on Friday, spells out just when Mr. Musk must “obtain the preapproval of any experienced securities lawyer” employed by Tesla before posting on Twitter or other social media. The list includes comments about the electric-car company’s financial […]
By Securities Docket on April 29, 2019, 8:21 am
The former chief executive of Heartland Payment Systems Inc agreed to pay a $250,628 civil fine to settle U.S. insider trading charges that he tipped his longtime romantic partner about the payment processor’s $4.3 billion takeover by Global Payments Inc. Robert Carr, who founded Heartland, did not admit or deny wrongdoing in agreeing to the […]
Posted in SEC, Top | Tagged Insider Trading
By Securities Docket on April 29, 2019, 8:17 am
Disclosure and the concepts of materiality, comparability, flexibility, efficiency and responsibility have been, and continue to be, the bedrock principles that make our public capital markets the most fair and efficient markets in the world. Today, I will take a page from our disclosure rulebook and give you a look at the Securities and Exchange […]
By Securities Docket on April 26, 2019, 7:56 am
In a complaint filed in federal court in Indianapolis, the SEC charged that between mid-2016 and April 2017, Celadon avoided recognizing at least $20 million in impairment charges and losses – almost two-thirds of its 2016 pre-tax income – by selling and buying used trucks at inflated prices from third parties. According to the complaint, […]
Posted in SEC, Top | Tagged Accounting Fraud
By Securities Docket on April 23, 2019, 3:59 pm
In a terse, unsigned one-sentence April 23, 2019 per curiam opinion, the U.S. States Supreme Court has just one week after oral argument dismissed the grant of certiorari in the case of Emulex Corporation v. Verjabedian as “improvidently granted.” The Court had granted cert in the case in order to address a circuit split on […]
Posted in Class Actions, Top | Tagged Tender Offers
By Securities Docket on April 23, 2019, 9:05 am
After following Bitcoin for several years, I think neither of these comparisons quite works. Bitcoin is neither an irredeemable flop nor an economic miracle. via After the Bust, Are Bitcoins More Like Tulip Mania or the Internet? – The New York Times.
By Securities Docket on April 23, 2019, 9:03 am
Facebook Inc. named Jennifer Newstead, a legal adviser to the U.S. State Department, as the social media giant’s general counsel to replace Colin Stretch, who announced he was leaving last year. via Facebook Names State Department’s Newstead as General Counsel.
By Securities Docket on April 22, 2019, 10:41 am
Prosecutions of finance executives related to the 2008 financial crisis were few and far between — and that has remained a persistent complaint about the government’s response to the meltdown. Senator Elizabeth Warren of Massachusetts has offered legislation that would make it easier to prosecute them with the Corporate Executive Accountability Act. via Elizabeth Warren […]