Daily Archives: June 5, 2024, 7:52 am

Dorsey Expands White Collar, Trial Group in Phoenix with Addition of Former Assistant U.S. Attorney Andy Stone | Dorsey

Dorsey & Whitney LLP continues to expand its Phoenix office and its nationally recognized Government Solutions & Investigations (GSI) group with the arrival of former Assistant United States Attorney Andy Stone, who is joining the international law firm as a Partner. Source: Dorsey Expands White Collar, Trial Group in Phoenix with Addition of Former Assistant U.S. Attorney Andy Stone | News…

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Pryor Cashman Welcomes Jasmine Juteau to Its White Collar and Regulatory Practices

Pryor Cashman is pleased to announce that Jasmine Juteau has joined the firm as a partner in the White Collar Defense + Investigations and Regulatory Enforcement + Securities Litigation Practices. Jasmine comes to Pryor Cashman from Morvillo Abramowitz Grand Iason & Anello, where she was counsel. Source: Pryor Cashman Welcomes Jasmine Juteau to Its White Collar and Regulatory Practices

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BlackRock, Citadel Back Upstart Texas Challenge to NYSE, Nasdaq – Bloomberg

BlackRock Inc., Citadel Securities and other investors are backing an upstart Texas stock market to challenge the New York Stock Exchange and Nasdaq Inc. The Texas Stock Exchange has raised $120 million and plans to file registration documents with the US Securities and Exchange Commission, according to a LinkedIn post by James Lee, the exchange’s chief executive officer. The Texas…

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Nasdaq Unit Explores Offering Private IPOs for Startup Stakes – Bloomberg

Nasdaq Inc.’s private market subsidiary is seeking to be the first in the US to offer companies the option of holding so-called private IPOs, giving venture capital and buyout firms more options to realize the value in their portfolios. Nasdaq Private Market is having conversations with several large VC and private equity firms about providing them with opportunities to divest…

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SEC Charges Former Executives of HF Foods Group with Concealing Millions of Dollars of Liabilities and Misappropriating Investor Funds

The Securities and Exchange Commission yesterday charged Zhou Min Ni and Jian Ming (Jonathan) Ni, former executives of Nevada-based restaurant food distribution company HF Foods Group, Inc., for their role in a fraudulent scheme to hide millions of dollars of HF Foods’s liabilities, misappropriate investor funds, and mislead the company’s auditors. According to the SEC’s complaint, which was filed in…

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SEC Charges Former Lumentum Executive with Insider Trading

On June 3, 2024, the Securities and Exchange Commission filed insider trading charges against Andre Wong for unlawfully trading the securities of NeoPhotonics Corporation (“NeoPhotonics”) ahead of an announcement that his then-employer, Lumentum Holdings Inc. (“Lumentum”), had agreed to acquire NeoPhotonics. According to the SEC’s complaint, filed in federal district court in the Southern District of New York, Wong learned…

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Musk Chose Who Got Chips – Bloomberg

If you are the chief executive officer and controlling shareholder of two different companies, each with different minority shareholders and employees, and they both use the same essential scarce inputs, and the sole supplier of those inputs calls you up and says “we are backed up and can only meet the needs of one of your companies, which one should…

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U.S. Lawmakers Fearful for Tigran Gambaryan’s Life; Urge President Joe Biden to Bring Back the Detained Binance Exec

A group of U.S. lawmakers asked President Joe Biden to bring back Tigran Gambaryan, the Binance executive who has been detained in Nigeria for almost three months. Michael McCaul (R-Texas), the House Foreign Affairs Committee chair, along with 11 other leaders, sent a letter to Joe Biden, Secretary of State Antony Blinken and Presidential Envoy for Hostage Affairs Roger D.…

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