Nike Inc.’s new Chief Executive Officer Elliott Hill is reshuffling his management team, starting with the company’s legal, sports marketing and supply chain teams. Hill took the helm of Nike on Oct. 14, and is beginning to make moves at the sneaker giant, which has struggled in recent years. Shares have shrunk nearly 30% so far this year. Ann Miller,…
The Securities and Exchange Commission today charged Willow Grove, Pennsylvania resident Carlos Sacanell with insider trading ahead of an announcement that CVS Health Corporation, Inc. had agreed to acquire Oak Street Health, Inc. According to the SEC’s complaint, Sacanell was in a long-term relationship with a senior executive at Oak Street, who shared with Sacanell material nonpublic information about the…
Web3 gaming firm Immutable has been issued a Wells Notice by the U.S. Securities and Exchange Commission, the company said in a statement on Friday. The company said the notice was received hours after the company’s “first interaction” with the SEC, and “cited statutory provisions and contained limited meaningful detail about the nature of the investigation”. “With this action, the…
The Securities and Exchange Commission today charged J.P. Morgan Securities LLC (JPMS) and J.P. Morgan Investment Management Inc. (JPMIM) – both affiliates of JPMorgan Chase & Co. (JP Morgan) – in five separate enforcement actions for failures including misleading disclosures to investors, breach of fiduciary duty, prohibited joint transactions and principal trades, and failures to make recommendations in the best…
Brown Rudnick announced today that Jonathan Richman, a securities and corporate governance lawyer, has joined the firm’s New York office as a partner in the White Collar Defense, Investigations & Compliance practice. Source: Brown Rudnick Hires Prominent Securities Litigator Jonathan Richman – Brown Rudnick