Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInThere is ethical porn under capitalism – Bloomberg
Ethical Capital Partners! Yes look if you are setting up a brand-new private equity firm with five of your lawyer/cannabis-investor buddies for the sole purpose of buying a porn company, you will be tempted to name it, like, Porn Capital Partners, or We Bought a Pornhub LP, or 69/420 Capital Partners, or, I mean, I’m sure you have […]
SEC seeks sanctions against VW in emissions cheating case | Reuters
In its filing on Friday, the SEC alleged VW had violated a U.S. federal magistrate’s February 10 order requiring the company to make Duesterdiek available for a deposition. “Thorsten Duesterdiek is likely the most important witness in this case, and he is a big problem for VW. He had cradle-to-grave involvement in VW’s long-running defeat […]
Is Elizabeth Holmes in Prison? Theranos Founder Asks to Remain Free on Bail – Bloomberg
Five weeks before she’s due to report to prison, Elizabeth Holmes made her pitch to remain free on bail as she appeals her fraud conviction. The Theranos Inc. founder on Friday made what will likely be her last appearance before US District Judge Edward Davila in San Jose, California, who presided over her four-month trial […]
Bitcoin Believers Revel in Told-You-So Moment as Banks Crumble – Bloomberg
He drove a Budget moving van directly in front of the building’s entrance, so all could see the message plastered on the side: “BE YOUR OWN BANK,” it read, between a doctored image of Federal Reserve Chair Jerome Powell holding a “Buy Bitcoin” sign and the orange logo for the original cryptocurrency. A video of […]
Why Was KPMG Still Auditing Silicon Valley Bank? – Bloomberg
The main lessons from SVB’s collapse surround the board’s poor risk management and banking supervisors’ failures. But there may well be lessons on audit quality too. The US Securities Exchange Commission and the Public Company Accounting Oversight Board should be asking if auditors have sufficient understanding of banking business models to provide a useful supporting […]
Missteps by Ericsson and Its Lawyers Led to New Sanctions Against Company – WSJ
A court filing by federal prosecutors earlier this month lays out details about a series of alleged missteps that led Ericsson SA to agree to pay $207 million in fines. Prosecutors highlighted in particular how failures by the Swedish telecommunication company’s outside lawyers contributed to their decision to seek the new penalties. The Justice Department […]
Elizabeth Warren Calls for Investigation of SVB and Signature Bank Collapses – WSJ
Sen. Elizabeth Warren (D., Mass.) called for an independent investigation into the recent failures of two U.S. regional banks, Silicon Valley Bank and Signature Bank. In a letter Sunday to the inspectors general of the Treasury Department, the Federal Deposit Insurance Corp. and the Federal Reserve, Ms. Warren called for the probe to examine the […]