Daily Archives: July 29, 2019, 12:15 pm

Robert A. Cohen, Cyber Unit Chief, to Leave SEC After 15 Years of Service

The Securities and Exchange Commission today announced that Robert A. Cohen, Chief of the Division of Enforcement’s Cyber Unit, will be leaving the agency in August after 15 years of service. Mr. Cohen is the first Chief of the Cyber Unit, created in 2017. The unit focuses on violations involving digital assets and cryptocurrency, cyber-related trading violations such as hacking to…

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Law firms waging fierce battle for lead role in shareholder lawsuit over Boeing 737 MAX – Reuters

Kahn Swick & Foti represents a Nevada family that claims to have invested $40 million in Boeing stock and lost nearly $5 million when Boeing’s share price fell by $34 billion within two weeks of the March 10 crash of an Ethiopian Airlines 737 MAX. Bernstein Litowitz Berger & Grossmann, for its part, says the family’s assertion is “implausible.” It…

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Pennsylvania Man Sentenced For International Email Impersonation And Fraud Scam | USAO-MA | Department of Justice

From at least April 2016 through January 2018, Cedeno conspired with others to defraud victims by pretending to be employees of the SEC, demanding money from victims and directing them to send it to members of the conspiracy, including Cedeno, who was then living in Ocoee, Fla. The conspirators who received the money generally withdrew it from bank accounts quickly,…

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Global Securities Litigation Trends

This post serves as an update to the above-mentioned White Paper addressing recent developments. In Part I, we describe recent developments in U.S. actions in a post-Morrison world, where courts continue to struggle with the application of Morrison. Part II reviews the more significant updates to shareholder rights’ litigation in the European Union, Netherlands, Germany, Italy, Spain, Canada, Australia, and…

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