Daily Archives: February 24, 2021, 3:21 pm

Stephanie Avakian, Former SEC Enforcement Director, Rejoins WilmerHale | WilmerHale

WilmerHale is pleased to announce that Stephanie Avakian, most recently Director of the Securities and Exchange Commission’s Division of Enforcement, is rejoining the firm as Chair of its Securities and Financial Services Department and member of the Management Committee. Stephanie will rejoin the firm later in the year and will have a wide-ranging public company and financial services industry practice…

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Elizabeth Holmes denies destroying evidence in Theranos case

“The reason that the government has built its case on this teetering card house of irrelevant evidence is that it lost—or, worse, did not want to analyze preindictment—the actual evidence of testing results in this case,” Holmes’ attorneys argued. However, prosecutors allege that Theranos executives destroyed the LIS system that proved her blood-testing product was inaccurate. Source: Elizabeth Holmes denies…

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NYAG’s Probe of Bitfinex, Tether Ends in an $18.5M Settlement – CoinDesk

Charles Michael, a partner at law firm Steptoe & Johnson LLC who represented the companies in the inquiry, said the settlement “resolves allegations about public disclosures” around Tether’s loan to Bitfinex. “To the Attorney General’s office’s credit, after two and a half years of investigation, [its] findings are limited only to the nature and timing of certain disclosures,” Michael said.…

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