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Join the Securities Litigation and Enforcement Group on LinkedInZendesk Hit with Data Breach-Related Securities Suit | The D&O Diary
In the latest example of a securities class action lawsuit arising out of data breach or other cybersecurity incident, on October 24, 2019, a plaintiff shareholder filed a securities class action lawsuit against California-based software company Zendesk. The lawsuit follows after the company announced disappointing second quarter financial results in July and then announced in […]
El Chapo Prosecutor, Senior SEC Official and White & Case Partner Launch White-Collar Boutique | Daily Business Review
Two former government attorneys and a White & Case white-collar partner have formed Fridman Fels & Soto, a Coral Gables boutique focused on white-collar defense, internal investigations, and civil litigation. via El Chapo Prosecutor, Senior SEC Official and White & Case Partner Launch White-Collar Boutique | Daily Business Review.
WeWork saga shows need for ‘unicorn’ boards to grab the reins | Financial Times
But as David Erickson, a senior finance fellow at Wharton business school, puts it, the problem with blaming the bankers “is that you don’t get hired for telling somebody that their baby’s ugly”. So we should spare a moment to remember the board, which has a responsibility to provide the kind of ugly-baby feedback that […]
Snap says DOJ, SEC drop probe on IPO disclosures – Reuters
Snap Inc said on Wednesday that the U.S Department of Justice and the Securities and Exchange Commission were no longer investigating whether the company misled investors at the time of its March 2017 initial public offering. via Snap says DOJ, SEC drop probe on IPO disclosures – Reuters.
Barnes & Thornburg Adds Former CFTC and SEC Enforcement Attorney David S. Slovick to Washington, D.C., Office | News Releases | Barnes & Thornburg
Financial and regulatory litigation attorney David S. Slovick has joined Barnes & Thornburg’s Washington, D.C., office as a partner in the firm’s Litigation Department. Slovick joins from Cahill Gordon & Reindel LLP in New York, where he was counsel in the Litigation Group. via Barnes & Thornburg Adds Former CFTC and SEC Enforcement Attorney to […]
A Question To The SEC After The Block.One Settlement: Has The SEC Decided To Be Less Aggressive In Sanctioning Violations By Crypto Issuers? – Fin Tech – United States
Despite the surface appearance of a significant settlement amount of $24 million, the totality of the SEC’s settlement with Block.one has confused crypto issuers, it has confused the crypto markets, and it has confused crypto lawyers and other crypto gatekeepers. It is important for the SEC and its staff (the “Staff”) to explain, promptly, publicly […]
Former Director of Corporate Law at Global Technology Company Indicted for Insider Trading | USAO-NJ | Department of Justice
The former corporate secretary and director of corporate law at a global technology company headquartered in Cupertino, California, was indicted today for orchestrating a five-year insider trading scheme, U.S. Attorney Craig Carpenito announced. Gene Levoff, 45, of San Carlos, California, was indicted on six counts of securities fraud and six counts of wire fraud. Levoff […]
INSIGHT: The ‘Tipping’ Point—Possible Shakeup to Insider Trading Rules
Clear as mud, right? That’s partly why, in May, Rep. Jim Hines (D-Conn.) introduced the bipartisan Act to clarify insider trading law. Under the Act, the DOJ and SEC may bring charges against anyone who “was aware, consciously avoided being aware, or recklessly disregarded” that MNPI was “wrongfully obtained or communicated.” Importantly, the Act eliminates […]
Ex-KPMG Director Claimed He Was Fired After Questioning Audit Staffing | National Law Journal
Gregory Andrew, who worked at KPMG for nearly two decades before his January 2018 firing, had argued in proceedings before the U.S. Labor Department that he was terminated in violation of a federal whistleblower protection law. He alleged that in the months leading up to his firing he’d complained about deficiencies in the number and […]
Cryptic messages, cute nicknames, and millions in profits — a pair of bankers and lovers allegedly took part in a massive insider-trading ring | Markets Insider
Benjamin Taylor and Darina Windsor worked for global investment banks, shared a London apartment, and called each other “Pops” and Popsy” in emails, the US government said. The story was first reported by Bloomberg. They sold inside information about 22 companies including Merck, Amgen, and Celgene to two middlemen between late 2012 and early 2018, […]