Monthly Archives: October 2019

U.S. Attorney General William P. Barr Delivers Remarks at the U.S. Securities and Exchange Commission’s Criminal Coordination Conference | OPA | Department of Justice

The cooperation between our two agencies is not new. The DOJ has long considered the SEC an indispensable partner in protecting markets and investors, promoting lawful commerce around the world, and deterring misconduct. Our two agencies have closely coordinated on a wide range of matters, and our cooperation has only grown as financial matters have become increasingly complex and globalized.…

Read More

Accomplished Litigator Tanya Greene Joins McGuireWoods as a Partner in Los Angeles | McGuireWoods

Tanya L. Greene has joined McGuireWoods’ Complex Commercial Litigation Department as a partner in downtown Los Angeles, bringing extensive experience leading business litigation matters for Fortune 100 clients in heavily regulated industries, including finance, technology, aerospace and petroleum. via Accomplished Litigator Tanya Greene Joins McGuireWoods as a Partner in Los Angeles | McGuireWoods.

Read More

Holmes attorneys blast prosecution over government documents in Theranos hearing

Holmes and Balwani argue documents from U.S. agencies including the Food and Drug Administration and the Centers for Medicare and Medicaid Services are crucial in rebutting charges that they knew Theranos blood tests were inaccurate and misrepresented capabilities to investors, doctors and patients. Defense attorneys pressed U.S. District Judge Edward Davila to get the government involved in producing these agency…

Read More

SEC Official Tempers Enforcement Expectations, Warns on Quotas

The Securities and Exchange Commission is still compiling official statistics, but its volume of enforcement actions over the past 12 months shouldn’t be much different from prior fiscal years, said Steven Peikin, co-director of the agency’s Enforcement Division. The SEC typically releases its own enforcement data in the weeks after the fiscal year ends Sept. 30. via SEC Official Tempers…

Read More

Robert Mueller rejoins former law firm WilmerHale after Russia probe

Former special counsel Robert Mueller will return to his partnership at WilmerHale after the investigation into Russian meddling in the 2016 election formally wrapped up in March. Mueller’s practice will center on “high-profile investigations and crisis management,” the multi-national law firm said in a press release. via Robert Mueller rejoins former law firm WilmerHale after Russia probe.

Read More

Former Billionaire Eike Batista Convicted for Insider Trading – Bloomberg

Eike Batista, formerly Brazil’s richest man, was sentenced to an additional eight years and seven months of prison time on Monday for insider trading. Batista, 62, had already been convicted for paying $16.6 million to get government contracts as part of a sprawling corruption probe known as Carwash and sentenced to 30 years, which he is serving under house arrest.…

Read More

Is it worth co-operating with the Serious Fraud Office? – FTAdviser.com

The Serious Fraud Office has published its Corporate Co-operation Guidance, outlining the level of co-operation required if an entity hopes to avoid a criminal prosecution or to enter into a Deferred Prosecution Agreement (DPA). This includes identifying suspected wrongdoing, self-reporting, and preserving and providing evidence. However, there is a caveat: even “full, robust co-operation” is no guarantee of a favourable…

Read More

SEC Commissioners testify to House Committee – Cooley PubCo

All five SEC Commissioners testified yesterday at an oversight hearing held by the House Financial Services Committee, the first time all five have appeared since 2007, according to Chair Maxine Waters.  (Here is their formal testimony.) These hearings are, of course, broken up into bite-size five-minute Q&A sessions, so there is not much opportunity for  in-depth questioning. And most often,…

Read More

Upstate NY Rep. Chris Collins resigns seat as guilty plea looms in insider trading scam – News – The Florida Times-Union – Jacksonville, FL

Rep. Chris Collins (R-N.Y.) has agreed to resign from Congress as he prepares to plead guilty to insider trading charges. The staunch supporter of President Donald Trump threw in the towel as court documents suggested he will plead guilty on Tuesday, an official in House Speaker Nancy Pelosi’s office confirmed. “We are in receipt of a letter of resignation,” said…

Read More