Daily Archives: September 14, 2020, 11:42 am

First Half 2019 Securities Suits Against Foreign Issuers Outpaced Overall Filing Levels | The D&O Diary

The AIG report is based on data from Cornerstone Research. The report shows that during the year’s first six months, there were 35 core filings (that is, securities class action lawsuit filings excluding merger objection lawsuits) against non-U.S. companies with U.S. listings. (This filings tally does not include the several securities class action lawsuits that were filed against a number…

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SEC Awards More Than $10 Million to Whistleblower

The Securities and Exchange Commission today announced an award of more than $10 million to a whistleblower whose information and assistance were of crucial importance to a successful SEC enforcement action. “This award recognizes the persistent efforts of the whistleblower to expose serious financial misconduct,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “This whistleblower also provided extensive…

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Theranos founder Elizabeth Holmes to undergo psychological evaluation – NZ Herald

In December last year, Holmes’ lawyers informed the court they intended to argue a case of mental impairment, with plans to cite “expert evidence relating to a mental disease or defect or any other mental condition”. The expert they wanted to bring to court was named in court documents obtained by Ars Technica as California State University psychology professor Mindy…

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T.I. Charged by SEC for Role in Fraudulent Cryptocurrency Scheme – Rolling Stone

The Securities and Exchange Commission announced Friday it has charged T.I. for the rapper’s role in a fraudulent cryptocurrency scheme. The SEC implicated five Atlanta-area people — including Clifford “T.I.” Harris — for promoting FLiK and CoinSpark, “two unregistered and fraudulent initial coin offerings (ICOs)” led by film producer Ryan Felton, in the summer of 2017. In the complaint against…

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