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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInIs your agency among the 10 best places to work in government?
For mid-size agencies, the Government Accountability Office again clinched the top spot with the National Science Foundation, Securities and Exchange Commission, General Services Administration and Federal Energy Regulatory Commission following. Source: Is your agency among the 10 best places to work in government?
Host of Companies Sued Alleging Unmet Diversity, Equity Pledges
On the heels of more companies prioritizing their new diversity, equity and inclusion (DEI) initiatives in recent years, a growing number of lawsuits accuse them of falling short on their promises. Almost 40 suits have been filed against companies including Delta Air Lines Inc. and Wells Fargo & Co.in the last three years because of […]
Another Crack at Chamath Palihapitiya’s Letter to SPAC Investors – Bloomberg
As the self-proclaimed Warren Buffett of the SPAC generation, Chamath Palihapitiya had been all in. Big on nonsense, short on substance — he was able to launch more blank-check companies than anyone else and talked of building 26, one for every letter of the alphabet. The 10 he managed are now either liquidated, delayed or […]
Companies That Went Public via SPACs Log Billions of Dollars in Goodwill Write-Downs – WSJ
Companies that went public through mergers with special-purpose acquisition companies in recent years booked billions of dollars in goodwill write-downs in 2022, reflecting in part a reckoning of the heady premiums paid to secure deals during the SPAC boom. Some of the biggest goodwill impairments in 2022 came from SPAC-backed companies like cryptocurrency platform Bakkt […]
SEC, Wahi brothers on the verge of settlement in Coinbase insider trading case – CoinGeek
The original deadline for the SEC to reply to the brothers’ motion would have been April 6, but it seems the two opposing parties have now come to an agreement and want a little more time to iron out the details of the likely settlement, which is why they’ve jointly requested the SEC’s date to […]
DOGE Drops After Elon Musk’s Twitter Stops Using Its Dog Logo
Dogecoin (DOGE) dropped after Twitter stopped using the cryptocurrency’s mascot as its logo. It was recently down 7.3% to about 8.6 cents and got as low as 8.5 cents earlier in the aftermath of the change. DOGE surged as high as 10.5 cents on April 3 after Elon Musk’s social-media company inexplicably shifted to using […]
Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm
Retail trading platform Robinhood is set to pay up to $10.2 million in penalties for operational and technical failures that harmed investors, according to a Thursday announcement from a California regulator. The California Department of Financial Protection and Innovation (DFPI) has joined the multi-state settlement, which followed a North American Securities Administrators Association (NASAA) investigation […]