Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInSPAC Board and Sponsor Hit with Delaware State Court Breach of Fiduciary Duty Direct Action | The D&O Diary
Though SPAC-related lawsuits were among the most important factors contributing to securities class action litigation filing volume in 2022, SPAC-related litigation has not yet been as significant of a factor so far in 2023. But while there have been relatively few SPAC related securities suits filed this year, there has been SPAC-related Delaware state court […]
Sen. Warren’s ‘Anti-Crypto Army’ Is Just the Beginning of Crypto’s Politicization
The moment a Democrat talks about a CBDC or some sort of U.S. government digital currency the Republicans will call Democrats anti-American because they want to surveille regular Americans. The moment a Republican says something positive about bitcoin the Democrats will say that it is un-American since it threatens U.S. dollar hegemony and dominance and […]
Silicon Valley Bank’s risk model flashed red. So its executives changed it. – The Washington Post
In buying longer-term investments that paid more interest, SVB had fallen out of compliance with a key risk metric. An internal model showed that higher interest rates could have a devastating impact on the bank’s future earnings, according to two former employees familiar with the modeling who spoke on the condition of anonymity to describe […]
Paul Hastings Adds Elite White Collar and Securities Litigator Brad Bondi | Paul Hastings LLP
Paul Hastings LLP announced today that leading white collar and securities litigator Brad Bondi has joined the firm as a partner in Washington, D.C. He will serve as global co-chair of the firm’s investigations and white collar defense practice. Source: Paul Hastings Adds Elite White Collar and Securities Litigator Brad Bondi | Paul Hastings LLP
Republic First Is ‘NOT’ First Republic, But Try Telling Traders That
A case of mistaken identity is sparking a selloff in Republic First Bancorp Inc., which had fallen by more than 40% this month because investors have it confused with embattled First Republic Bank. “We are NOT First Republic Bank,” Republic First Chief Executive Officer Thomas Geisel wrote in a letter on the company’s website. “It’s […]
Bitcoin Thief Who Held $3.4 Billion in Crypto Deserves Prison, US Says – Bloomberg
The seized Bitcoin is now worth $1.48 billion, but James Zhong, 32, should do time behind bars for his heist in 2012 from the Silk Road darkweb site, prosecutors told a federal judge Friday, noting he deserves leniency for helping authorities recover the stolen crypto. Zhong pleaded guilty in November and wants the judge to […]
Chinese Billionaire Guo Says He’d Be Worse Off if He Fled US – Bloomberg
Chinese billionaire Guo Wengui, who was arrested in New York earlier this month on fraud charges, says he’d be worse off if he fled the US than if he stayed and faced trial. Guo, also known as Ho Wan Kwok, asked to be released on a $25 million bond, arguing he’s not a flight risk. […]
FTX’s Law Firm Hit With Queries on Work Before Crypto Collapse
FTX’s legal troubles are reaching its law firm, Fenwick & West, which faces federal law enforcement subpoenas and a class-action lawsuit tied to the failed crypto exchange. Bankruptcy counsel for FTX has discussed “federal law enforcement subpoenas to Fenwick” with the law firm’s general counsel, Kathryn Fritz, according to a court document filed in March. […]