Daily Archives: August 10, 2022, 9:04 am

Thanks to the SEC, Law Firms See Increasing Business in ESG | The American Lawyer

The present feels like a watershed moment in the prominence of ESG, [Kristyn] Noeth said. It’s also a time of uncommon law firm and in-house lateral movement in her practice—Noeth herself joined Mintz from Paul, Weiss, Rifkind, Wharton & Garrison earlier this month. Skadden, Arps, Slate, Meagher & Flom and Arnold & Porter Kaye Scholer each hired SEC enforcement lawyers…

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Former DOJ Prosecutor Jason M. Covert Joins Taft | Taft Stettinius & Hollister LLP

Taft is pleased to welcome Jason M. Covert as a partner in the firm’s Compliance, Investigations, and White Collar Defense and Commercial Litigation practice groups. Jason will work out of Taft’s Indianapolis and Washington, D.C. offices. This hire continues Taft’s strategic expansion into the Washington, D.C. market by adding yet another seasoned DOJ prosecutor to Taft’s already-deep bench of former…

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MicroStrategy Explored Options From Art to Real Estate Before Bitcoin Buys, New CEO Says

New MicroStrategy CEO Phong Le backed up Michael Saylor’s decision to hold bitcoin on the company’s balance sheet. Speaking Tuesday at a conference sponsored by investment bank Canaccord Genuity, Le said that prior to first purchasing bitcoin (BTC) in August 2020, MicroStrategy considering purchasing Treasurys, corporate bonds, gold, commodities, real estate and even artwork. Digital assets, however, kept popping into…

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As Government Takes on the Tornado Mixer, It May Reap a Whirlwind

… Monday, the U.S. Office of Foreign Assets Control (OFAC) placed a decentralized privacy service called Tornado Cash on its Specially Designated Nationals list. This makes interacting with the service illegal for U.S. nationals and entities. But the impact and even intent seem even broader than that: Tornado Cash developer Roman Semenov claimed Tuesday his Github code repository account had…

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Coinbase Executives Misled Shareholders About Public Listing, New Lawsuit Alleges

The lawsuit filed in Delaware, where Coinbase was incorporated, states the company made misleading statements in its registration form with the SEC, filed in February 2021, months before the direct listing. The suit points specifically to the alleged failure of Coinbase’s growth strategy, referred to as “flywheel” in the file. “Our unique approach draws retail users, institutions and ecosystem partners…

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