Daily Archives: January 3, 2020, 12:03 pm

Faegre Baker Sued by Crypto Fund Manager

Faegre Baker Daniels is being sued for legal malpractice by a company that says the firm provided “erroneous” legal services relating to the launch and operation of a fund set up to acquire and manage crypto assets. *** The complaint alleges that the law firm provided “inaccurate analysis and advice” to Digital Capital’s predecessor, Crypto Asset Management, LP, regarding how…

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SEC Probes Listings of Slack, Other Unicorns on NYSE – WSJ

The Securities and Exchange Commission is investigating the listings of Slack Technologies Inc. WORK 2.40% and other major companies on the New York Stock Exchange, in a probe looking at how trading was handled on the first day, people familiar with the situation said. SEC enforcement staff have recently sent letters including one seeking information from electronic-trading firm Citadel Securities…

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Sprawling Insider-Trading Case Heads to Trial – WSJ

The first trial to emerge from a yearslong investigation into an alleged international insider-trading ring is set to begin next week in Manhattan, a case likely to shed light on a network of highflying securities traders and investment bankers who authorities say were responsible for tens of millions of dollars in illicit profits. The defendant, New York businessman Telemaque Lavidas,…

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