Daily Archives: May 28, 2024, 7:43 am

Nordic Insider Trading Probe Embroils Private Equity Employees – Bloomberg

An investigation into alleged insider trading in a Swedish software company ahead of a takeover offer has enveloped two employees of a private equity firm. “Verdane can confirm that two individuals, not on the investment team, are in custody,” a spokesperson for the specialist growth investment firm said in an email. “No investor funds are involved. Verdane has suspended the…

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As crypto cash floods Washington, Congress eyes gentler regulations – The Washington Post

Cryptocurrency companies and investors have spent at least $149 million over the past four years to thwart tough regulation, elect new allies to Congress and defeat lawmakers seen as potential threats, a campaign that culminated this week with a House vote to soften federal oversight of the embattled industry. *** On Capitol Hill, the industry has shelled out more than…

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Private-Equity Giants Near Settlements With SEC Over Texting Violations – WSJ

Some of Wall Street’s biggest private-equity firms said they are negotiating settlements with the U.S. markets regulator over their employees’ use of banned communication channels. Blackstone, TPG and Carlyle Group disclosed in their latest quarterly filings that they have been cooperating with the U.S. Securities and Exchange Commission’s record-keeping investigations and have begun discussions with the agency’s enforcement staff about…

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What Do Plaintiffs’ Lawyers’ Pre-Filing Press Releases Signify? | The D&O Diary

One of the procedural innovations the PSLRA introduced was the requirement that plaintiffs’ counsel who file a securities class action lawsuit complaint must issue a press release announcing the complaint’s filing and notifying prospective class members of the opportunity to seek to become lead plaintiff. Plaintiffs’ lawyers quickly realized the potential publicity value for them from this exercise. Over time,…

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