‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInMental state of Elizabeth Holmes at issue in Theranos fraud case
Lawyers for one-time Silicon Valley wunderkind Elizabeth Holmes at her trial may pursue a “mental disease” defense against charges that she misled patients and investors about the capabilities of her company Theranos’ blood tests. The potential defense was disclosed in a ruling late Wednesday by U.S. District Judge Edward Davila in San Jose, who ordered […]
Justice Department Gets New Acting Fraud Section Chief – WSJ
Robert Zink, chief of the Justice Department’s fraud section, has been promoted to serve as acting deputy assistant attorney general of the department’s criminal division, where he will oversee its fraud and appellate sections, a spokesman confirmed Thursday. Mr. Zink will fill a role created by the departure of John Cronan, who was nominated by […]
San Diego Biotech Founder Charged with Insider Trading in $3.5 Billion Sale – Times of San Diego
Sepehr Sarshar was accused on Tuesday of misappropriating material nonpublic information from San Diego-based Auspex in early 2015 related to Teva’s expected tender offer, and passing tips to his girlfriend, two other friends and a close relative. The office of acting U.S. Attorney Audrey Strauss in Manhattan said the resulting trading in Nasdaq-listed Auspex generated […]
Are We There Yet? The Latest Attempt at an Insider Trading Statute | New York Law Journal
In sum, if the Senate passes and the President signs it, this legislation will create a standard that Congress has tried to achieve for decades. Recognizing the polarization of our current political climate during a presidential election year, many may suggest that any effort to enact this legislation will likely be unsuccessful. However, given the […]
German Market Watchdog Let Staff Trade in Wirecard Shares – WSJ
While BaFin staff was buying and selling Wirecard shares, BaFin was investigating the company based on media reports about suspected accounting manipulation at its unit in Singapore and an anonymous complaint it received in early 2019. BaFin, as a financial supervisor, also directly oversees Wirecard Bank, which is part of Wirecard. “It certainly does not […]
Top SDNY Securities Fraud and Money Laundering Prosecutor Joins McGuireWoods | McGuireWoods
McGuireWoods is pleased to announce that Jason Cowley, former co-chief of the Securities and Commodities Fraud Task Force and former chief of the Money Laundering and Asset Forfeiture Unit of the U.S. Attorney’s Office for the Southern District of New York, has joined the firm’s Government Investigations & White Collar Litigation Department. via Top SDNY […]
DOJ and SEC Release Second Edition of the FCPA Resource Guide | WilmerHale
On July 3, 2020, the Department of Justice (DOJ) and Securities and Exchange Commission released the second edition of the Resource Guide to the U.S. Foreign Corrupt Practices Act (2020 Guide). The 2020 Guide refreshes the prior edition by incorporating significant policies that have been released by the DOJ since the first edition. The 2020 […]
Akin Gump Adds Katherine Goldstein, Former Chief of the Southern District of New York’s Securities and Commodities Fraud Task Force, as a Partner in New York
Akin Gump is pleased to announce that Katherine Goldstein has joined the firm as a partner in its white collar defense and government investigations practice in New York. Ms. Goldstein has extensive government and private practice experience. She spent nearly a dozen years as an Assistant U.S. Attorney for the Southern District of New York […]
Audrey Strauss Takes Over as Manhattan US Attorney Following Berman’s Dramatic Ouster | New York Law Journal
Audrey Strauss, the former top deputy to Geoffrey Berman, is set to take over the reins of the Manhattan U.S. attorney’s office this week, after her old boss agreed to resign Saturday following a 20-hour standoff with U.S. Attorney General William Barr over his removal. via Audrey Strauss Takes Over as Manhattan US Attorney Following […]
DOJ And SEC Divide And Conquer To Police Coronavirus-Related Securities Fraud | Vinson & Elkins LLP – JDSupra
In early June, federal agencies brought some of the first enforcement actions against COVID-19 securities fraudsters, involving over $100 million in fraudulent claims and profits, making good on their promise to investigate and prosecute those seeking to fraudulently capitalize on the COVID-19 crisis. The cases generally involve misleading claims about companies’ ability to supply COVID-19 […]