Tag: Litigation

Wall Street heads to court to fend off Biden’s regulators | Reuters

“The regulatory agencies are more willing to cut corners. They’re giving industry short comment periods and they’re not going through the APA process,” said Tom Quaadman, an executive vice president at the U.S. Chamber of Commerce. The group usually has one active case against financial regulators, but currently has two against the Securities and Exchange Commission (SEC) and one against…

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The Morrison Cohen Cryptocurrency Litigation Tracker | Morrison Cohen LLP

The Morrison Cohen Cryptocurrency Litigation Tracker keeps watch on all the latest cryptocurrency and blockchain litigation developments. We track SEC, CFTC, and criminal litigation; other public regulatory proceedings and summary orders; class action and private litigation; and major pronouncements by U.S. regulators about cryptocurrency. Readers will also find references to articles, webinars, and podcasts that include attorneys from our Cryptocurrency Litigation…

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Putting “Litigation” Back in “Securities Litigation” | D&O Discourse

This post discusses a fundamental, structural, and deepening problem with securities class action defense: the lack of actual litigation past the motion to dismiss process.  In other words, there is virtually no “litigation” in securities and governance litigation.  Why is that so, and what can we do about it?  After diagnosing the problem and discussing the harm it is causing, I’ll discuss the solutions…

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The Legal Risk to ICOs That No One’s Talking About – CoinDesk

With the rise and rise of initial coin offerings (ICOs), much attention has been paid to how the U.S. Securities and Exchange Commission (SEC) and federal prosecutors view this innovation. And rightfully so, as those enforcement systems carry stiff penalties and even the potential for jail. But investors and companies should also know that buyers can sue sellers privately under…

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The Future of Securities Class Action Litigation | D&O Discourse

But I’ve noted significant changes to other characteristics of securities-litigation culture recently, which portend a paradigm shift.  Over the past few years, smaller plaintiffs’ firms have initiated more securities class actions on behalf of individual, retail investors, largely against smaller companies that have suffered what I call “lawsuit blueprint” problems such as auditor resignations and short-seller reports.  This trend –…

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