‘Enforcement 40’ for 2020
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By Securities Docket on June 24, 2019, 10:35 am
Paul, Weiss, Rifkind, Wharton & Garrison LLP announced today that Jeannie S. Rhee, a former United States Deputy Assistant Attorney General and most recently a leading prosecutor in the office of Special Counsel Robert Mueller, is joining the firm as a partner in the Litigation Department, resident in the Washington, DC office. Ms. Rhee will […]
By Securities Docket on June 21, 2019, 11:49 am
We congratulate Allison on her successful Senate confirmation, and, on behalf of the entire agency, we welcome her back to the SEC. We look forward to her further contributions to our work in advancing the agency’s mission on behalf of our investors and markets. via SEC.gov | Statement on Senate Confirmation of Allison H. Lee.
By Securities Docket on June 15, 2019, 1:24 pm
KPMG LLP is preparing to pay as much as $50 million to settle civil claims related to the conduct of former partners who learned which of their audits would be subject to surprise regulatory examinations, according to people familiar with the matter. The fine would be one of the highest ever imposed on an auditor […]
By Securities Docket on June 15, 2019, 1:18 pm
As crypto litigation hits the headlines, many in the blockchain space are focused on the U.S. Securities and Exchange Commission’s (the “SEC”) recently filed complaint against Kik Interactive Inc. (“Kik”). However, at least some crypto lawyers believe that, in the near term, the New York Attorney General’s (the “NY AG”) ongoing proceeding against Bitfinex, Tether […]
By Securities Docket on June 12, 2019, 11:43 am
A funding boost for SEC enforcement, compliance inspections, and other agency programs cleared a major hurdle in the House June 11. The House Appropriations Committee approved legislation that would give the Securities and Exchange Commission about $1.9 billion, approximately $200 million more than it requested for fiscal 2020 and received in fiscal 2019. The panel […]
By Securities Docket on June 12, 2019, 8:10 am
It’s been just over a year since the Securities and Exchange Commission awarded three whistleblowers a whopping $83 million for tipping the Commission to misconduct at Merrill Lynch. Jordan Thomas, who represented all three whistleblowers, sheds light on the historic whistleblower award, his thoughts on the SEC whistleblower program generally, and what he predicts down […]
By Securities Docket on June 12, 2019, 7:33 am
M&A insurance, also known as warranty and indemnity cover, has been a booming market over the past few years, as buyers and sellers seek protection against the chance that problems arise after the deal closes. The main causes of claims on this type of insurance are problems with financial statements, tax, and compliance with laws. […]
By Securities Docket on June 11, 2019, 4:00 pm
In the face of these alarming trends, the report advocates a number of reforms. First and foremost, the report advocates Congressional enactment of legislation overturning Cyan. Companies, the study notes, “should not have to incur the risk and costs of defending themselves in two or more different courts simultaneously.” Congress, the report suggests, should adopt […]
By Securities Docket on June 11, 2019, 1:02 pm
King & Spalding today announced that Matt Baughman, former Associate Deputy Attorney General at the U.S. Department of Justice (DOJ), has returned as a partner in the firm’s Special Matters and Government Investigations team in the Atlanta office. via Former U.S. Department of Justice Associate Deputy AG Returns to King & Spalding.
By Securities Docket on June 11, 2019, 9:18 am
After reading the Kik Complaint, I reached out to a few of my friends in the U.S. crypto space, including two experienced litigators (Kayvan Sadeghi, a securities litigation partner at Schiff Hardin LLP, and Jake Chervinsky, general counsel of Compound Finance) and three seasoned transactional lawyers (Jay Baris, a partner at Shearman & Sterling LLP, […]