‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn
You are browsing the site archives by date.
By Securities Docket on October 28, 2019, 7:52 am
In the latest example of a securities class action lawsuit arising out of data breach or other cybersecurity incident, on October 24, 2019, a plaintiff shareholder filed a securities class action lawsuit against California-based software company Zendesk. The lawsuit follows after the company announced disappointing second quarter financial results in July and then announced in […]
By Securities Docket on October 25, 2019, 8:09 am
Two former government attorneys and a White & Case white-collar partner have formed Fridman Fels & Soto, a Coral Gables boutique focused on white-collar defense, internal investigations, and civil litigation. via El Chapo Prosecutor, Senior SEC Official and White & Case Partner Launch White-Collar Boutique | Daily Business Review.
By Securities Docket on October 25, 2019, 8:04 am
But as David Erickson, a senior finance fellow at Wharton business school, puts it, the problem with blaming the bankers “is that you don’t get hired for telling somebody that their baby’s ugly”. So we should spare a moment to remember the board, which has a responsibility to provide the kind of ugly-baby feedback that […]
By Securities Docket on October 25, 2019, 8:02 am
Snap Inc said on Wednesday that the U.S Department of Justice and the Securities and Exchange Commission were no longer investigating whether the company misled investors at the time of its March 2017 initial public offering. via Snap says DOJ, SEC drop probe on IPO disclosures – Reuters.
By Securities Docket on October 25, 2019, 7:49 am
Financial and regulatory litigation attorney David S. Slovick has joined Barnes & Thornburg’s Washington, D.C., office as a partner in the firm’s Litigation Department. Slovick joins from Cahill Gordon & Reindel LLP in New York, where he was counsel in the Litigation Group. via Barnes & Thornburg Adds Former CFTC and SEC Enforcement Attorney to […]
By Securities Docket on October 25, 2019, 7:46 am
Despite the surface appearance of a significant settlement amount of $24 million, the totality of the SEC’s settlement with Block.one has confused crypto issuers, it has confused the crypto markets, and it has confused crypto lawyers and other crypto gatekeepers. It is important for the SEC and its staff (the “Staff”) to explain, promptly, publicly […]
By Securities Docket on October 25, 2019, 7:45 am
The former corporate secretary and director of corporate law at a global technology company headquartered in Cupertino, California, was indicted today for orchestrating a five-year insider trading scheme, U.S. Attorney Craig Carpenito announced. Gene Levoff, 45, of San Carlos, California, was indicted on six counts of securities fraud and six counts of wire fraud. Levoff […]
By Securities Docket on October 25, 2019, 7:43 am
Clear as mud, right? That’s partly why, in May, Rep. Jim Hines (D-Conn.) introduced the bipartisan Act to clarify insider trading law. Under the Act, the DOJ and SEC may bring charges against anyone who “was aware, consciously avoided being aware, or recklessly disregarded” that MNPI was “wrongfully obtained or communicated.” Importantly, the Act eliminates […]
By Securities Docket on October 24, 2019, 12:57 pm
Gregory Andrew, who worked at KPMG for nearly two decades before his January 2018 firing, had argued in proceedings before the U.S. Labor Department that he was terminated in violation of a federal whistleblower protection law. He alleged that in the months leading up to his firing he’d complained about deficiencies in the number and […]
By Securities Docket on October 24, 2019, 11:22 am
Benjamin Taylor and Darina Windsor worked for global investment banks, shared a London apartment, and called each other “Pops” and Popsy” in emails, the US government said. The story was first reported by Bloomberg. They sold inside information about 22 companies including Merck, Amgen, and Celgene to two middlemen between late 2012 and early 2018, […]