‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInElizabeth Holmes Trial Likely Postponed Until October Due to COVID-19 | The Recorder
A federal judge said he would like to push back the criminal fraud trial against Theranos’ Elizabeth Holmes until October amid public health concerns over COVID-19. via Elizabeth Holmes Trial Likely Postponed Until October Due to COVID-19 | The Recorder.
Musk’s “Take Private” Tweets Held Actionable | The D&O Diary
In a now infamous August 7, 2018 post on his Twitter account, Tesla CEO Elon Musk stated that he was “considering taking Tesla private at $420. Funding secured.” This post and several subsequent messages ultimately were the subject of an SEC enforcement proceeding (later settled) as well as several securities class action lawsuits (later consolidated). […]
SEC Awards Over $27 Million to Whistleblower
The Securities and Exchange Commission today announced an award of more than $27 million to a whistleblower who alerted the agency to misconduct occurring, in part, overseas. After providing the tip to the Commission, the whistleblower provided critical investigative leads that advanced the investigation and saved significant Commission resources. “This award marks several milestones for […]