Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInNew York Times, crypto analyst beat Dfinity defamation claims | Reuters
It’s easy to understand why companies are enraged when financial analysts issue damning reports that just so happen to serve the analysts’ own financial interests. But turning that outrage into a viable defamation lawsuit is very tough, as blockchain developer Dfinity Foundation learned on Monday: U.S. District Judge Lewis Kaplan of Manhattan dismissed Dfinity’s case […]
Edward Jones Hires Broadridge’s Gumbs as New General Counsel
Jones Financial Cos., owner of investment management giant Edward D. Jones & Co. LP, has hired Keir Gumbs as its new general counsel. Gumbs leads the company’s legal and compliance divisions, reporting to Edward Jones managing partner and chief executive Penny Pennington, according to an Edward Jones spokeswoman. The former chief legal officer at Broadridge […]
Carson Block, Nate Anderson Become SEC Tipsters for Cash Payouts – Bloomberg
Wall Street’s cops are finding themselves partnered with an unlikely star witness against misbehaving firms: short sellers. Alongside their public reports, short sellers are quietly sharing their research about sketchy accounting and other misdeeds with the US Securities and Exchange Commission’s whistleblower office in hopes of making some extra money. *** “Many of the really […]
SEC, CFTC Pass $2 Billion Award Milestone but Reforms are Still Needed | Kohn, Kohn & Colapinto LLP – JDSupra
Combined, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have awarded more than $2 billion to whistleblowers. The agencies’ whistleblower programs, which were created alongside each other with the passage of the Dodd-Frank Act in 2010, passed the $2 billion threshold during the 2023 Fiscal Year. Kohn, Kohn & Colapinto has […]
It Could be a While Before a Buoyant IPO Market Returns | The D&O Diary
According to Renaissance Capital (here), in the heady days during the two-year period 2020 and 2021, 618 traditional U.S. IPOs were completed, raising over $220 billion. (These stats do not include SPAC IPOs). By contrast, in the period 2022-2023 YTD, there have only been 171 traditional U.S. IPOs completed, raising just $27 billion. While many […]