Daily Archives: April 19, 2021, 1:24 pm

The SEC’s Cryptocurrency Confusion – WSJ

Mr. Gensler may have signaled his openness to the proposal Wednesday by saying he’d “work with fellow commissioners and see how we can move forward.” A next step for the SEC should be to recognize the harm of its current ad hoc approach. Investors and developers deserve to know whether their actions in the market are legal before they read…

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Tracking Two Emerging Securities Litigation Trends: SPACs and Supply Chain Disruption | The D&O Diary

Electric vehicle battery company Romeo Power, which became a publicly traded company through a December 2020 merger with a SPAC, has been hit with a securities class action lawsuit following a share price decline after its announcement of a disruption in its supply chain. The new lawsuit is interesting both because of the SPAC angle and because it resulted from…

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