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‘Enforcement 40’ for 2020
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Online Tribute to the Hon. Stanley Sporkin (Wednesday, June 10, 2020)
Registration and details for online tribute to Judge Stanley Sporkin.
At Large: Is this the most important change in the DOJ’s new guidance? | The FCPA Blog
The DOJ’s new guidance for evaluating corporate compliance programs put the spotlight on organizational justice, or what we might simply call fairness. This question was added to Monday’s version of the guidance: “Does the compliance function monitor its investigations and resulting discipline to ensure consistency?” That new question appears under the heading “Consistent Application.” That […]
Judge Denies Bernie Madoff’s Request for Early Release – The New York Times
A federal judge says Bernard L. Madoff should die in prison. Mr. Madoff, who stole billions of dollars in history’s largest Ponzi scheme, asked for his freedom in February after he learned he has kidney disease. On Thursday, Judge Denny Chin — who had handed down Mr. Madoff’s 150-year sentence more than a decade ago […]
Wells Fargo Hit with First PPP-Related Securities Class Action | The D&O Diary
In prior posts on this site (most recently here), I have suggested that D&O claims could arise in connection with the Paycheck Protection Program (PPP), a fiscal stimulus program Congress enacted as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). In what is as far as I know the first PPP-related securities class action lawsuit, […]
Is Insider Trading Prosecution Unconstitutional? Ex-Apple Attorney’s Counsel Still Says Yes | Corporate Counsel
In April, Levoff’s attorney, Kevin Marino, founding partner at Marino, Tortorella & Boyle in Chatham, New Jersey, moved to dismiss the charges arguing that insider trading has never been made into law by Congress. He said the definition of insider trading has been created by judges and the prosecution of insider trading is unconstitutional. via […]
SEC Awards Record Payout of Nearly $50 Million to Whistleblower
The Securities and Exchange Commission today announced a nearly $50 million whistleblower award to an individual who provided detailed, firsthand observations of misconduct by a company, which resulted in a successful enforcement action that returned a significant amount of money to harmed investors. This is the largest amount ever awarded to one individual under the […]