Daily Archives: May 6, 2022, 11:35 am

SEC Issues Nearly $3.5 Million Award to Four Whistleblowers

Three joint whistleblowers provided Commission staff with information that caused the staff to open a new investigation that led to the successful enforcement action. These joint whistleblowers’ information also caused another agency to open an investigation which led to a separate successful action. Another whistleblower provided insights based on an analysis of publicly available information that focused the staff’s attention…

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SEC Charges NVIDIA Corporation with Inadequate Disclosures about Impact of Cryptomining

The SEC’s order finds that, during consecutive quarters in NVIDIA’s fiscal year 2018, the company failed to disclose that cryptomining was a significant element of its material revenue growth from the sale of its graphics processing units (GPUs) designed and marketed for gaming. Cryptomining is the process of obtaining crypto rewards in exchange for verifying crypto transactions on distributed ledgers.…

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The Rise of Crypto SPACs – King & Spalding

Digital assets and special purpose acquisition companies (“SPACs”) have been two of the hottest topics in the financial world over the past few years, and, unsurprisingly, the topics overlap with increasing frequency. We have set forth below a high-level overview of what SPACs are (including an explanation of the documentation involved in a crypto-related SPAC), guidance on what makes cryptocurrency-related…

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The Morrison Cohen Cryptocurrency Litigation Tracker | Morrison Cohen LLP

The Morrison Cohen Cryptocurrency Litigation Tracker keeps watch on all the latest cryptocurrency and blockchain litigation developments. We track SEC, CFTC, and criminal litigation; other public regulatory proceedings and summary orders; class action and private litigation; and major pronouncements by U.S. regulators about cryptocurrency. Readers will also find references to articles, webinars, and podcasts that include attorneys from our Cryptocurrency Litigation…

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It’s A Joke How Long Companies Are Typically Under FCPA Scrutiny – FCPA Professor

Albemarle’s long-lasting scrutiny is not unique as 4-4.5 years is the approximate median amount of time companies that disclose FCPA scrutiny remain under scrutiny in the FCPA’s modern era (and this was occurring long before any potential COVID-19 impact on government inquiries). It’s a joke that companies are under FCPA scrutiny for so long particularly companies that voluntarily disclose and…

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