Daily Archives: February 21, 2023, 9:23 am

Elon Musk $258 billion Dogecoin lawsuit expands | Reuters

The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his tunnel construction business Boring Co. According to an amended complaint filed on Tuesday night in Manhattan federal court, Musk, his electric car company Tesla Inc, his space tourism company…

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‘Transparency for thee, not for me’: Study shows SEC mounting secrecy about whistleblower program | The University of Kansas

The nation’s leading financial regulator is facing a transparency crisis of its own. According to a new study by a University of Kansas law professor, the U.S. Securities and Exchange Commission is becoming increasingly secretive regarding some of its own activities – even as it is increasingly aggressive in demanding disclosures from private actors. The study by Alexander Platt, associate…

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SEC’s Brings an “S”-Related ESG Enforcement Action Based on Alleged Human Capital Control Violations | The D&O Diary

The SEC’s enforcement action against Activision Blizzard in interesting and has important implications. For starters, as the Akin Gump law firm put it in its memo about the SEC’s action, the action “indicates that the SEC views its ESG mandate to include the ‘S’ as well as the ‘E’”.  The Katten Muchin firm, in its memo about the case, said…

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