Daily Archives: April 17, 2024, 1:25 pm

Nationally Recognized White Collar Litigator Mike Piazza Joins Lathrop GPM as a Partner in Dallas – Lathrop GPM

Lathrop GPM LLP is proud to announce that Mike Piazza joined the firm on April 15 as a partner in the Litigation & Dispute Resolution practice group. He is based in the Dallas office. Piazza is a national authority on white collar defense, securities and complex commercial litigation, bet-the-company business disputes, and accountant liability. He represents individuals and companies in…

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SEC Targets Its Own Staff’s Texting, Nixes WhatsApp on Work Phones

The US Securities and Exchange Commission has blocked third-party messaging apps and texts from employees’ work mobile phones, bringing its own practices closer to the standards it’s enforcing for the industry. The SEC’s decision to block disappearing-messaging apps will help improve record-keeping and address potential security vulnerabilities at the agency, which saw one of its social-media accounts compromised earlier this…

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Tesla Calls for New Vote on Elon Musk’s Pay Package – The New York Times

Nearly three months ago, a Delaware court voided Elon Musk’s multibillion-dollar pay package that Tesla’s board — and most shareholders — had given him in 2018, contending that the process to decide it was “deeply flawed” and that the company didn’t properly disclose it to investors. On Wednesday, Tesla said that it would ask shareholders to vote again on that…

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Diagnostic Testing Company Hit With COVID-Related Securities Suit | The D&O Diary

The COVID-19 pandemic was a disruptive event with the consequences continuing to reverberate through the economy and the business environment, in ways that not only affect companies’ operations and financial performance, but, for at least some companies, in ways that lead to securities class action litigation. So even though the initial COVID-19 outbreak in the U.S. was over four years…

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Hunterbrook – Bloomberg

Hunterbrook was back yesterday with a big investigative report on Posco, the Korean conglomerate, which Hunterbrook Media accuses of complicity with the junta in Myanmar…. *** But right at the top there is a statement that “Hunterbrook Media’s investment affiliate, Hunterbrook Capital, did not take any positions related to this article.” Why not? Why would Hunterbrook invest resources in doing…

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Jane Street accuses Millennium Management and two ex-employees of stealing trade secrets

Jane Street is suing Millennium Management and two former employees for allegedly stealing trade secrets in a rare public spat between two big Wall Street investment firms. In a complaint filed in federal court in Manhattan on Friday, Jane Street alleged that Douglas Schadewald and Daniel Spottiswood, two former employees who defected to the multi-manager firm earlier this year, had…

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DOJ Expands Leniency for Criminal Tipsters After NYC Pilot

The Justice Department is providing more detail on when it will avoid prosecuting criminally-exposed individuals who report corporate misconduct, building out a Manhattan-specific initiative to the rest of the country. A nationwide pilot program posted online Monday covers individuals who voluntarily disclose to DOJ’s Criminal Division money laundering violations, foreign or domestic bribery, health care fraud and other white collar…

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SEC Market Surveillance Called Unconstitutional in New Suit

The US Securities and Exchange Commission was sued by a conservative think tank and a pair of individual investors who claim the regulator’s new market surveillance tool violates their constitutional privacy rights. Filed Tuesday in federal court in Waco, Texas, the suit led by the National Center for Public Policy Research accuses the SEC of acting without authority to create…

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