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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInEx-trader admits to second insider trading scheme | Investment Executive
A former trader and portfolio manager with Toronto’s Polar Asset Management Inc. who pled guilty to insider trading last year has now also admitted to participating in a second insider trading scheme involving information obtained from his firm. The U.S. attorney’s office for New Jersey announced that Sean Wygovsky pled guilty to one count of […]
Robert Kennedy Jr Slams SEC for Protecting Banks Instead of American People — Calls for Crypto-Friendly Commissioners – Bitcoin News
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) expressed admiration for bitcoin while criticizing the regulatory approach of the Securities and Exchange Commission (SEC) towards the cryptocurrency industry in an interview with Thestreet, published Friday. RFK Jr. is a nephew of former U.S. President John F. Kennedy and a son of former U.S. Attorney […]
SEC Charges Additional Social Media Influencer in Stock Manipulation Scheme
On May 25, 2023, the Securities and Exchange Commission brought partially settled charges against Francis Sabo (also known as “Ricky Bobby”) in a $100 million securities fraud scheme in which Sabo, along with several other defendants previously charged by the Commission in December 2022, used social media platforms to manipulate exchange-traded stocks. According to the […]
Jenner & Block Grows Litigation Team in Los Angeles with Addition of Leading National Trial Lawyer Alex Romain | Jenner & Block LLP
Jenner & Block has grown its Litigation Department in Los Angeles with the addition of Alex Romain, a leading national trial lawyer with nearly 25 years of experience representing individuals and corporations in a broad range of high-stakes matters. Alex’s practice focuses on complex commercial litigation, white collar defense, and internal investigations. Source: Jenner & […]
Inmates Await Theranos Founder Elizabeth Holmes: ‘I Want to Be Her Friend’ – WSJ
Most inmates who self-surrender, as Holmes is expected to do, arrive at Bryan’s main gate in private vehicles. From there, they are searched in a reception area, and escorted to the laundry room to receive their short-sleeved khaki uniforms. The prison’s tradition is that new inmates do a 90-day stint in the kitchen, the inmates […]
Greek Property Investor Bluehouse in Trouble As Legal Headaches Mount – Bloomberg
When real estate investor Yannis Delikanakis woke up from a 26-day coma in April 2020, he discovered that his bank accounts had been frozen and he’d been ousted from the private equity fund that he had co-founded 16 years earlier. Source: Greek Property Investor Bluehouse in Trouble As Legal Headaches Mount – Bloomberg
Corporate Earnings Forecasts Accurate Only 30% of Instances – Bloomberg
More than three out of four financial professionals said there was a strong likelihood that their companies’ earnings would fall within the guidance they give to investors — but this only happens rarely, according to the researchers. The study surveyed 357 CFOs, investor-relations professionals and other executives at public companies in 2021. The paper finds […]
DeSantis looks like the choice for crypto enthusiasts in 2024
Crypto Twitter discussions about law and policy are informed chaos, a specialized cacophony. Despite the drama involved with Gov. Ron DeSantis’ announcement on Twitter that he was running for president in 2024, he made some alpha drops about his stance on crypto. The key takeaways from Desantis’ remarks were that crypto owners “have every right […]
Kyle Bass Says SEC ‘Blew It’ Twice in Handling of UDF Scandal
Activist investor Kyle Bass said the Securities and Exchange Commission was too lenient with a fraudulent Texas real estate fund he exposed years ago and is now botching his attempts to be paid as a whistleblower. “I turned a fraud in where one of my analysts found a Ponzi scheme and the SEC actually just […]
Skadden Forces Lawyers Back to Offices Four Days Per Week
Skadden, Arps, Slate, Meagher & Flom is requiring lawyers to show up in the office four days per week, the law firm confirmed Thursday. Skadden lawyers must work in person Monday through Thursday, under the new policy. The elite New York firm, among the largest in the US, previously required attorneys to be in offices […]