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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInPhila. SEC Director Rejoins Morgan Lewis as Firm Bulks Up Securities Practice | The Legal Intelligencer
G. Jeffrey Boujoukos, director of the U.S. Securities and Exchange Commission’s Philadelphia regional office, is leaving the office at the end of this month to rejoin Morgan, Lewis & Bockius as a partner. Boujoukos will split his time between the firm’s Philadelphia and Washington, D.C., offices. In his most recent role at the SEC, where he worked for more […]
Veteran White-Collar Defense, Commercial Litigation Lawyer George Newhouse Joins Richards Carrington
Veteran litigator George B. Newhouse, Jr. has joined the Los Angeles office of Denver-based Richards Carrington, expanding the firm’s West Coast presence and white-collar defense and complex commercial litigation capabilities. via Veteran White-Collar Defense, Commercial Litigation Lawyer George Newhouse Joins Richards Carrington.
Actor Steven Seagal Charged With Unlawfully Touting Digital Asset Offering
The Securities and Exchange Commission today announced settled charges against actor Steven Seagal for failing to disclose payments he received for promoting an investment in an initial coin offering (ICO) conducted by Bitcoiin2Gen (B2G). The SEC’s order finds that Seagal failed to disclose he was promised $250,000 in cash and $750,000 worth of B2G tokens […]
G. Jeffrey Boujoukos, Director of the Philadelphia Regional Office to Leave the SEC
The Securities and Exchange Commission today announced that G. Jeffrey Boujoukos, the Director of its Philadelphia Regional Office, will leave the agency at the end of the month after nearly 11 years of service. Mr. Boujoukos has served at the helm of the SEC’s Philadelphia office since December 2016, overseeing the agency’s enforcement and examinations in the […]
Rule 10b5-1 Plans at 20: Enforcement Trends & Best Practices – Lexology
2020 marks the 20th anniversary of the Rule 10b5-1 plan. During its two-decade history, it has provided an affirmative defense against allegations of insider trading by corporate insiders that trade their company’s stock, even while in possession of material non-public information at the time of trading, through plans that are set up in advance. It […]
Argument preview: Justices to consider availability of “disgorgement” to SEC in securities litigation – SCOTUSblog
Next week’s argument in Liu v. Securities and Exchange Commission will take the justices through familiar ground, as they consider once again the boundaries of the broad and multifarious forms of relief available in litigation enforcing the Securities Act of 1933 and the Securities Exchange Act of 1934. This particular case involves Section 21 of […]
The Top 100 U.S. Class Action Settlements of All Time
During 2019, ISS Securities Class Action Services (ISS SCAS) recorded 101 approved monetary settlements filed in the United States (U.S.) valued at $3.17 billion, that are available for distribution to parties in each settlement. Only two settlements were large enough to qualify for the Top 100 list: Cobalt International Energy—$389.6 million Alibaba Group Holding—$250 million […]
Wells Fargo’s Penalty Didn’t Get SEC’s Full Support
Hester Peirce, a Republican on the Securities and Exchange Commission, opposed the $500 million the SEC directed Wells Fargo to pay in connection with the bank’s deal with the agency and the Justice Department on Feb. 21. But she ultimately approved the SEC’s order, which laid out the commission’s allegations against Wells Fargo and included […]
Investing in a Coding-School Graduate Could Get You 13% a Year – Bloomberg
For investors starved of yield, it was an appealing proposition: a potential 13% return. You just had to be willing to take a flier on the future earnings of 1,000 coders. That was the payout being targeted late last year for a swath of income-sharing agreements tied to students and recent graduates of coding academy […]
SEC Awards Booz Allen $113M New Cybersecurity Contract | Business Wire
On December 12, 2019, the Securities and Exchange Commission (SEC) awarded Booz Allen Hamilton (NYSE: BAH) an extensive 10-year contract, totaling $113 million, to deliver modernized cyber defense operations support. With this new contract, Booz Allen will become the SEC’s major provider of cybersecurity services. Booz Allen was selected for its clear understanding of the […]