Monthly Archives: February 2021

Manhattan D.A. Recruits Top Prosecutor for Trump Inquiry – The New York Times

As the Manhattan district attorney’s office steps up the criminal investigation of Donald J. Trump, it has reached outside its ranks to enlist a prominent former federal prosecutor to help scrutinize financial dealings at the former president’s company, according to several people with knowledge of the matter. The former prosecutor, Mark F. Pomerantz, has deep experience investigating and defending white-collar…

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Apollo Names Ex-SEC Chairman Jay Clayton as Lead Independent Director – WSJ

Apollo Global Management Inc. has appointed former Securities and Exchange Commission Chairman Jay Clayton to the newly created role of lead independent director on its board, the latest step in a sweeping overhaul of corporate governance at the investment firm. Mr. Clayton, who stepped down from his role at the SEC in December, will also return to Sullivan & Cromwell…

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Citibank Loses Bid to Recall $500 Million in Mistaken Repayment of Revlon Loan – The New York Times

It was one of the worst Wall Street mishaps in years: Citigroup accidentally wired $900 million last year to a group of lenders locked in a bitter dispute with the beauty company Revlon. On Tuesday, a federal judge ruled that the recipients don’t have to have to return the cash. Source: Citibank Loses Bid to Recall $500 Million in Mistaken…

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Former Goldman Sachs analyst and brother charged with insider dealing | Financial Conduct Authority | The Guardian

Two brothers who worked at Goldman Sachs and leading City law firm Clifford Chance have appeared in court charged with insider dealing and fraud. Mohammed Zina, 32, who worked as an analyst at Goldman Sachs, and his brother Suhail Zina, 33, who worked as a solicitor at Clifford Chance, appeared at Westminster magistrates court on Tuesday charged with six offences…

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Biotech Firm Hit With COVID-19-Related Securities Suit | The D&O Diary

It has been nearly a year since the coronavirus outbreak in the U.S. first led to widespread closures and disruptions. Throughout that time, plaintiffs’ lawyers have continued to file securities class actions and other claims against companies affected by the pandemic. On February 12, 2021, in the latest of these COVID-19-related securities lawsuits, a plaintiff shareholder filed a securities class…

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Nasdaq’s Plan for Diversity on Corporate Boards Is Decried by Senate Republicans – WSJ

A group of senate Republicans decried Nasdaq’s push for greater diversity on corporate boards, saying it interfered with board members’ duty to govern in the best interests of shareholders and could harm financial performance. In a letter on Friday, all 12 Republicans on the Senate Banking Committee called on the Securities and Exchange Commission to reject Nasdaq’s proposal to require…

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