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Join the Securities Litigation and Enforcement Group on LinkedInSEC Awards Half-Million Dollars to Overseas Whistleblower
The Securities and Exchange Commission today announced a half-million dollar award to an overseas whistleblower whose expeditious reporting helped the Commission bring a successful enforcement action. “The Commission’s whistleblower award program has reached an important milestone,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “With recent actions, more than $2 billion in […]
Cryptocurrency Investor Gets Second Chance to Show AT&T Liability in $24M Hack
A federal judge in California has given a cryptocurrency entrepreneur another shot to make his case that AT&T’s negligence allowed hackers to steal $24 million in digital currency. Hackers attacked blockchain and cryptocurrency investor Michael Terpin’s cellphone on two separate occasions, according to his initial complaint filed in the Central District Court of California in […]
As Prosecutors Eye Silicon Valley, Big Law Eyes White-Collar Lawyers | The Recorder
As Silicon Valley technology companies face increasing government scrutiny, experienced white-collar practitioners are becoming hot commodities among the law firms seeking to represent tech-focused clients. In recent months, several Am Law 100 firms have hired former government prosecutors to bolster their white-collar defense capabilities in the Bay Area. They include David Callaway, a former chief of […]
D&O Insurance: Problems with the Prior Notice Exclusion | The D&O Diary
Let’s say your client has been served with a new D&O lawsuit. Based on what you know about the events that led up to the lawsuit, you are genuinely unsure whether the claim was first made earlier, or not until the lawsuit was filed. Just to complicate things further, during the last renewal cycle, the […]
Baker McKenzie Boosts Los Angeles Offering with Leading Securities Litigation and Enforcement Duo | Newsroom | Baker McKenzie
Perrie Weiner and Edward Totino join the Firm’s growing Los Angeles office, where Perrie will serve as Partner in Charge and Chair of the North America Securities Litigation Group. Baker McKenzie has added two highly regarded securities litigation and enforcement partners in the Los Angeles office. Both partners were formerly with DLA Piper, where Perrie […]
Tipper X: The Wall Street Informant
Hardin was dropping off his dry cleaning on July 8, 2008 at 55th Street and Eighth Avenue when a man behind him asked “Are you Tom?” He turned around and there were two FBI agents in front of him. They sat down at Wendy’s, and the agents told him that they knew about the four […]
A Roadmap For President Trump’s Crypto-Crackdown | LinkedIn
Even more significant than the political oddities of President Trump’s crypto-position, are the practical ramifications for the cryptocurrency marketplace. What should the cryptocurrency industry and marketplace expect now that the White House has officially taken such a loud, clear and unqualified anti-cryptocurrency position? Broken up into two parts, this article provides a possible roadmap of the […]
“Increasingly Likely” Climate Change Liability Risks | The D&O Diary
… In connection with the event, on July 11, 2019 the Clyde & Co law firm published an excellent, comprehensive paper on climate change developments and risks, entitled “Climate Change: Liability Risks for Businesses, Directors and Officers – The Coming Wave of Litigation” (here). This paper provides an overview of the challenges that businesses face […]
Social media monitoring for FBI, SEC — GCN
The Securities and Exchange Commission also issued a sources sought notice for a commercial, off-the-shelf social media monitoring subscription to help it track emerging risk areas and activities of market participants to identify potential securities law violations. Less interested in Twitter than the FBI, the SEC wants the ability to monitor Facebook, Instagram, YouTube, LinkedIn, […]
Hertz sues former executives to recoup millions tied to accounting scandal
In a rare legal move, Hertz seeks to collect millions from its former senior executives, blaming them for an accounting scandal that rocked the company five years ago. The Estero-based car rental giant and its parent company have filed companion lawsuits, pointing their collective finger at four executives. via Hertz sues former executives to recoup millions tied […]