This post serves as an update to the above-mentioned White Paper addressing recent developments. In Part I, we describe recent developments in U.S. actions in a post-Morrison world, where courts continue to struggle with the application of Morrison. Part II reviews the more significant updates to shareholder rights’ litigation in the European Union, Netherlands, Germany, Italy, Spain, Canada, Australia, and…
But Peikin said the SEC’s shifting focus has been effective in aligning enforcement with the agency’s core mission of providing investor protection. The SEC has also pushed for quick responses to stem risky behavior before it grows into a long-running investigation that ends with a large payoff. Instead it is ending cases with non-monetary relief, undertakings and injunctions to curb…
In general, securities litigation filing trends emerge gradually and across long stretches of time. These kinds of long term trends have been the subject of a number of recent reports discussed on this site – including, for example, recent reports from NERA Economic Consulting (about which refer here), Cornerstone Research (here), as well as my own report. Though trends often…
There is no debate that the first half of 2017 saw a significant fall-off in United States Securities and Exchange Commission (“SEC”) enforcement activity. There have been no mega-cases and broken window policing seems to be on the decline. A temporary lull would not at all be surprising given the SEC’s leadership transitions and the record enforcement results posted by…
As we look back at 2015 and ahead into 2016, the regulatory enforcement landscape is becoming increasingly clear. One can begin to see trends that will shape the terrain for the remainder of 2016 and beyond. It is absolutely critical that boards, C-level executives, risk management and compliance professionals foresee and plan for these trends, and understand the implications, risks…
Noteworthy themes and trends in SEC enforcement priorities discussed at conference.
The networks keep cranking out videos asking “Where Was the SEC?” In this post on my Enforcement Action blog over at Compliance Week, I say that’s the wrong question.
Two more firms join our growing list of law firms that have formed groups (or task forces!) to respond to the current financial crisis and rescue. Steptoe & Johnson announced on Friday that it has launched a Troubled Asset Task Force, which will “advise financial institutions, sellers and purchasers of assets, asset managers, and program managers on the recently passed…
Haynes and Boone is the latest law firm to react to the financial crisis with a new practice group — yesterday it announced the formation of its Financial Crisis Advisory and Litigation Services Practice Group. David Harper of Haynes and Boone stated that the group will “work as a coordinated unit, drawing on lawyers primarily from our hedge fund, finance,…
Add K&L Gates and Mayer Brown to our quickly-growing list of law firms forming practice groups to assist clients in connection with the current financial crisis and expected bailout. K&L Gates announced yesterday that “in response to the recent upheaval triggered by the credit crisis and the legislative response, K&L Gates LLP has organized a Global Financial Markets Group aimed…