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Join the Securities Litigation and Enforcement Group on LinkedInVeteran Federal Prosecutor John Kocoras Joins Skadden in Chicago | Skadden, Arps, Slate, Meagher & Flom LLP
Skadden is pleased to announce that John C. Kocoras, former first assistant U.S. attorney for the Northern District of Illinois, has joined the firm as a partner in the Litigation Group in our Chicago office. Mr. Kocoras’ practice will focus on advising clients in connection with internal investigations, complex litigation and white collar criminal defense […]
Katten Expands NYC Securities Litigation Group with Sarah Eichenberger | Katten Muchin Rosenman LLP
Katten announced today that Sarah Eichenberger, former in-house counsel at Amazon.com, has joined the firm’s Securities Litigation practice as a partner in New York. ichenberger most recently oversaw commercial litigation for Amazon.com where she led its response to securities litigation, Section 220 books and records litigation, and derivative matters, and managed a variety of consumer […]
Web 3.0 – The Great Con – Dave Gebler
In over ten years since Bitcoin captured the public imagination with the idea of blockchain, we’ve seen no significant real world adoption of cryptocurrency as currency (and the few attempts to do so have ended in failure), no use of blockchain as a superior alternative to conventional databases and cryptographic signatures, no democratic revolution of […]
Accounting’s Big Lie — and How to Fix It
Corporations, big accounting firms, and the federal government have been selling the public a lie. They claim that the financial statements of public companies — including those traded on the stock market — are audited by independent accounting firms. But the audit firms are not independent. They are dependent. The audit firms are chosen and […]
Hacker Gets $50 Million in Heist of DeFi’s Mango
The community of decentralized-finance application Mango DAO on Saturday got back a portion of about $100 million stolen this week after letting the hacker keep about $50 million of the funds. The settlement wraps up several days of tense negotiations between the hacker and Mango, which is governed by its community of token holders who […]
Is the SEC the New Crypto Sheriff in Town?
Gensler said on Sept. 8 that the SEC will be aggressively policing crypto tokens and intermediaries. And on Sept.19, the agency quietly—but radically—suggested in a lawsuit that it would assume jurisdiction over the entire Ethereum network. Ether, the second-largest crypto by market capitalization, was previously viewed as a commodity and not within the SEC’s jurisdiction. […]
Crypto scam victims seek to hold Coinbase responsible for losses – The Washington Post
Over the past year, thousands of people have lost tens, if not hundreds, of millions in cryptocurrency when gangs of sophisticated scammers whisked their money out of their accounts, which are managed by an app from the publicly traded cryptocurrency giant Coinbase. Now those victims are fighting back. Nearly 100 people are trying to hold […]
Nikola Founder Trevor Milton Is Convicted of Fraud – The New York Times
A federal jury on Friday found Trevor Milton guilty of defrauding investors by lying about the supposed technical achievements of Nikola, the electric truck maker he founded. Mr. Milton was convicted of one count of securities fraud and two counts of wire fraud, the most serious of which carry a maximum prison sentence of 20 […]
New York Financial Regulator Wants to Lead on Crypto, Climate Change – WSJ
The head of New York’s financial regulator is looking to use the state’s role as a financial-services leader to help set the regulatory agenda nationwide, with a particular focus on bringing order to the cryptocurrency industry. Adrienne Harris, who was confirmed in January as superintendent of the New York State Department of Financial Services, said […]
There Is No “C” in “ESG”: An Illustration of ESG’s Biggest Risk
Cyber security is not the only subject matter that some have added to the universe of ESG (e.g., tax strategy, Russia’s invasion of Ukraine). Nor is it the only one that experts differ on what letter gets assigned (e.g., DE&I, talent). But the various and creative ways in which cyber security can be packaged as […]