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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInNew SEC Rules Target Corporate Insider Trading – WSJ
Some insiders were selling shares less than a month after adopting their plans, sometimes even the same day, or adopting and initiating trading plans right before earnings announcements. Another trick has been to adopt multiple 10b5-1 plans and later selectively cancel the ones that wouldn’t work to the insider’s benefit. Potential abuses of 10b5-1 plans […]
I’m Glad There Are No Crypto Super Bowl Ads: Here’s Why
Sportswashing describes groups, corporations or nation-states using the global popularity of sports to improve their reputations by proxy. Think of how Qatar hosted the 2022 FIFA World Cup, the biggest sporting event in the world; how Qatar’s emir owns Paris Saint-Germain which rosters three of the world’s most liked athletes (all from different countries with […]
Advocacy Group Sues Shell’s Board for Insufficient Climate Change Action | The D&O Diary
In what it calls the “world’s first” of its type, the environmental advocacy group ClientEarth has filed a shareholder derivative action against the board of Shell plc, claiming that the company’s directors have failed to take sufficient steps to protect the company from the future impacts of climate change. The action seeks to compel the […]
Crypto Firm Paxos Faces SEC Lawsuit Over Binance USD Token – WSJ
The Securities and Exchange Commission has told crypto firm Paxos Trust Co. that it plans to sue the company for violating investor protection laws, according to people familiar with the matter, the latest move in the agency’s escalating campaign in crypto enforcement. The SEC’s enforcement staff issued a letter to Paxos known as a Wells […]