Daily Archives: August 16, 2021, 2:12 pm

A Skeptical Stock Analyst Wins Big by Seeking Out Frauds – The New York Times

Mr. Anderson’s five-person firm, which takes its name from the German airship that blew up in 1937, is a newbie in the world of finance. Founded in 2017, Hindenburg specializes in publishing detailed reports about publicly traded companies, poking holes in their stories and alerting investors to potential malfeasance. The boom in special purpose acquisition companies has provided Hindenburg with…

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White House taps longtime litigator Sean Coffey for U.S. Navy GC | Reuters

The Biden administration on Tuesday announced it will nominate Coffey – a onetime federal prosecutor, class action plaintiffs lawyer, political candidate, litigation funding pioneer and corporate law firm partner – to serve as the U.S. Department of the Navy’s general counsel. Coffey retired from the Navy with the rank of captain in 2004, after 30 years of uniformed service, both…

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SEC Charges Pearson plc for Misleading Investors About Cyber Breach

The Securities and Exchange Commission today announced that Pearson plc, a London-based public company that provides educational publishing and other services to schools and universities, agreed to pay $1 million to settle charges that it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, including dates of births and email addresses, and had inadequate…

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