Daily Archives: October 17, 2022, 1:55 pm

Veteran 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 matters, including Foreign Corrupt Practices…

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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 class action litigation…. Source: Katten…

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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 the internet and big data.…

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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 paid by the companies they…

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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. These two events may well…

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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 Coinbase accountable, saying the company…

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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 she intends to accomplish her…

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