Daily Archives: November 12, 2019, 9:29 am

What a Judge’s Rare Reversal Means in the Platinum Partners Fraud Case – The New York Times

Judge Brian M. Cogan found there was insufficient evidence of criminal intent to convict Mr. Levy, and granted Mr. Nordlicht a new trial. In July, a jury had found the men, both executives at Platinum Partners, guilty of securities fraud, conspiracy to commit securities fraud and conspiracy to commit wire fraud. The case revolved around an oil and gas company,…

Read More

The ‘Tipping’ Point—Possible Shakeup To Insider Trading Rules – Corporate/Commercial Law – United States

Nevertheless, the proposed Insider Trading Prohibition Act (H.R. 2534) (Act) could clarify the legal haziness that financial institutions, corporate executives, and casual investors regularly wrestle, and at the same time raise new legal issues. As one of a few bills receiving bipartisan support in such a charged political environment, it appears that some version of the Act has a chance…

Read More