Daily Archives: December 10, 2020, 12:33 pm

Enforcement Director Stephanie Avakian To Conclude Tenure After Four Years Leading the Division

The Securities and Exchange Commission today announced that Division of Enforcement Director Stephanie Avakian will conclude her tenure by the end of the year. Ms. Avakian, who began her career at the SEC, leaves the agency after leading the Enforcement Division over the last four years as Co-Director and then Director. Source: SEC.gov | Enforcement Director Stephanie Avakian To Conclude…

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Guest Post: Event Driven Securities Litigation: The New Driver in Class Action Growth | The D&O Diary

Social and environmental disasters, such as the #MeToo movement, the Deepwater Horizon oil spill, the opioid crisis, data privacy breaches with a vast number of companies such as Yahoo! Inc., Equifax, Inc., are well covered events in the news. These events impact peoples’ lives and many perceive a correlation between these events and civil litigation on the part of the…

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General Electric Agrees to Pay $200 Million Penalty for Disclosure Violations

The Securities and Exchange Commission today announced that General Electric Co. (GE) has agreed to pay a $200 million penalty to settle charges for disclosure failures in its power and insurance businesses.  In 2017 and 2018, GE’s stock price fell almost 75% as challenges in its power and insurance businesses were disclosed to the public. According to the SEC’s order,…

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