Daily Archives: February 28, 2024, 9:04 am

Muddy Waters Research report saves shareholder case against China’s biggest real estate brokerage | Reuters

In their motion to dismiss, the shareholder case, KE’s counsel urged Woods to disregard claims based on the Muddy Waters report because, among other things, Robbins Geller failed to conduct an independent investigation to corroborate the short seller’s accusations. *** In this case, he said, the Muddy Waters report on KE wasn’t based just on anonymous sources. The short-seller developed…

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Court Orders Katten Muchin to Represent AIA in $2 Billion Madoff Clawback Suit

Katten Muchin Rosenman LLP’s concerns regarding the assurance of payment for their services underscore the complexities of high-stakes legal battles. The law firm’s attempt to exit the case highlights the delicate balance between ethical legal representation and the financial realities of prolonged litigation. Despite these concerns, the court’s decision emphasizes the importance of continuity in legal representation, especially in cases…

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Leader of Real Estate Investment Firm Admits Role in $658 Million Ponzi Scheme and Multimillion-Dollar Tax Evasion Conspiracy | DOJ/D. of NJ

The shadow chief executive officer of National Realty Investment Advisors LLC (NRIA) today admitted orchestrating a scheme to defraud more than 2,000 investors in a $658 million Ponzi scheme and conspiring to evade millions of dollars in tax liabilities, U.S. Attorney Philip R. Sellinger announced. Thomas Nicholas Salzano, aka “Nicholas Salzano,” 65, of Secaucus, New Jersey, pleaded guilty before U.S.…

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Elizabeth Warren Says Crypto Needs to Follow the Same Rules as Rest of Financial System

U.S. Sen. Elizabeth Warren (D–Mass.) has called out the crypto industry yet again, saying they are reluctant to follow the rules. “I wanna collaborate with the industry, what I don’t understand is why the industry seems to be saying that they only way that they can survive is if there’s plenty of space for the drug traffickers and the human…

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