Daily Archives: February 24, 2023, 9:22 am

Elon Musk Trial Win a ‘Non Sequitur’ in Twitter Sitter Case, SEC Says – Bloomberg

Musk’s lawyer argued to the appeals court that the San Francisco verdict confirms that Musk’s tweets didn’t violate securities laws. Investors had sued Musk over the “funding secured” tweet, claiming he defrauded them. A federal jury took just two hours to clear him, sending shares of the electric car maker surging. That verdict is irrelevant, the SEC said in response…

Read More

SEC Insider Trading Trial Loss Over Gartner Deal Overturned

The SEC convinced an appeals court that jurors should’ve had a chance to decide whether a Virginia mortgage broker traded on inside information regarding a Gartner acquisition, unwinding a rare agency loss in an insider trading case. Based on evidence the Securities and Exchange Commission presented during a 2021 trial, jurors could have reasonably concluded that Christopher Clark traded on…

Read More

A. Valerie Mirko Joins Armstrong Teasdale in Washington, D.C.

Armstrong Teasdale announces the addition of Partner A. Valerie Mirko to the firm’s Washington, D.C., office. She joins a roster of more than 750 lawyers and staff professionals across Armstrong Teasdale’s 17 offices internationally. Mirko joins the firm as co-leader of the Securities Regulation and Litigation practice area and represents broker-dealers, asset managers — including retail and wealth management firms…

Read More