Daily Archives: February 5, 2020, 10:25 am

SEC Paying Ex-Chairman to Help Audit Regulator, Documents Show

Former SEC Chairman Harvey Pitt is being retained by his former agency through 2024 to advise it on strengthening governance of the Public Company Accounting Oversight Board, almost two decades after his mishandling of the audit regulator’s startup led to his departure. The Republican is doing the work through his Washington-based consulting firm, Kalorama Partners LLC, according to his contract.…

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How 5 Law Firms Helped Airbus Land Its Massive Settlement | Law.com

The five firms representing Airbus in the settlement negotiations—Clifford Chance and August Debouzy in France, Dechert in the U.K., and Paul Hastings and Arnold & Porter Kaye Scholer in the U.S.—were brought together by Airbus’ general counsel, John Harrison, whose in-house legal department effectively became the sixth player on the team. The firms, all with leading white-collar defense practices, were…

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SEC Wins Jury Trial Against Massachusetts Man Charged in Multi-Year Insider Trading Scheme

Yesterday evening, jurors in Boston federal court returned a verdict finding that Lexington, Massachusetts restauranteur Charlie Chen engaged in illegal insider trading in advance of five earnings announcements of Lexington-based company Vistaprint, N.V. The SEC’s evidence at trial showed that Chen, who was close friends with a Vistaprint insider and her husband, received highly confidential nonpublic information and used it to…

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