Daily Archives: February 15, 2024, 9:12 am

“Ask a Recruiter” Column – How Long Does the Law Firm Hiring Process Take? — Macrae

Barring any unexpected road bumps, my typical candidate seeking an equity partner position can expect the process to take about four months from start to finish – or, more aptly, “door to door.”  However, I often begin meeting with candidates many months prior to the point at which they hit the “start” button and we begin approaching firms. Counsel and…

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FTX and Binance: a tale of two cases | Reuters

No two prosecutions are alike, but the difference in outcomes in these two cases is striking. To be sure, FTX and Bankman-Fried, as the government alleged and the jury ultimately found, engaged in the most consequential financial crimes — systematic fraud upon customers and investors — while Binance and Zhao pleaded guilty to “process” crimes. These included failure to register…

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Lyft CEO Says ‘My Bad’ on Margin Error, ‘It Was One Zero’

Lyft Inc. Chief Executive Officer David Risher’s response to a clerical error that unintentionally inflated the company’s earnings outlook on Tuesday and sent shares soaring: “My bad.” “First of all, it’s on me,” Risher said in an interview with Bloomberg Television on Wednesday, taking the blame for a typo in a company press release Tuesday that erroneously projected a particular…

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Tesla’s Board Chair Under Scrutiny for Oversight of Elon Musk – The New York Times

Late last month, a Delaware judge sharply criticized Ms. Denholm’s leadership while striking down Mr. Musk’s 2018 compensation package, which is worth more than $50 billion. Ms. Denholm took a “lackadaisical approach to her oversight obligations” at Tesla, said Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery. The judge also questioned whether Ms. Denholm could be independent…

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Game Over: Robinhood Pays $7.5 Million to Resolve “Gamification” Securities Violations | Vinson & Elkins LLP

The charges and settlement with Robinhood represent the latest development in a growing trend of concern amongst securities regulators regarding how modern broker-dealers and investment advisors interact with their customers in the digital age. Although the United States Securities and Exchange Commission (the “SEC”) has not enacted a fiduciary duty standard as extensive as that in Massachusetts, the SEC recently…

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