One of the US’ top law firms is scrambling to blunt an attack from the Trump administration. Brad Karp, the chairman of Paul Weiss and one of the most powerful lawyers in New York, has been in Washington this week meeting with officials in President Donald Trump’s orbit, people familiar with the matter said, days after the White House issued…
So, it seems more likely than not that more global law firms will find themselves facing some type of punishment from the White House. Law firm leaders, then, must consider how to respond. Generally, there are three options. Firms can fight Trump. Perkins Coie has sued the administration, calling Trump’s order targeting the firm an “affront to the Constitution.” They…
Paul Weiss, a large law firm that President Trump recently targeted with an executive order, has been fired by a prominent client facing foreign bribery charges over concerns he could be negatively impacted if he continues to retain the firm. Steven Schwartz, the former chief legal officer of Teaneck, N.J.-based Cognizant Technology Solutions, dropped Paul Weiss in response to Trump’s…
In this statement, the SEC staff took the position that typical meme coins — a category of crypto assets inspired by internet memes, pop culture, or trending jokes — do not constitute “securities” under federal law. In the view of the Division, transactions in these meme coins need not be registered under the Securities Act of 1933, nor exempt from…
At the same time, however, I share the concerns of the academics on the Shadow SEC. Our financial markets here in the U.S. are so widely respected around the world precisely because there has been an attentive and effective cop on the beat. There is every reason to be worried that even a well-intentioned agency subject to staffing and budget…
A federal appeals court on Wednesday upheld the insider trading conviction of Stephen Buyer, a former U.S. representative for Indiana’s 4th Congressional District who was convicted over profiting $350,000 from illegal telecommunication stock purchases based on inside information after he left office. A three-judge panel for the Second Circuit court of appeals rejected Buyer’s appeal of his conviction, ruling in…
Ripple Chief Executive Officer Brad Garlinghouse said the US Securities and Exchange Commission case against the crypto company has ended, the latest of several enforcement actions that have been abandoned during the early weeks of President Donald Trump’s administration. “This provides a lot of certainty for Ripple,” Garlinghouse said in an interview Wednesday on Bloomberg Television. He estimated that the…
Katz Whistleblower Law, LLC, founded by leading whistleblower lawyer, Rebecca M. Katz, announces its launch as a premier firm dedicated to representing whistleblowers and exposing corporate misconduct. With over 30 years of experience in complex securities fraud litigation and whistleblower advocacy, Katz has built a legacy of protecting those who seek to uncover and report serious fraud. Katz has secured approximately…