Doug Cornelius

SEC v. Wyly

Insider Trading Complaint against Wyly

The SEC brought a massive insider trading complaint against Samuel E. Wyly and Charles J. Wyly, Jr. of Dallas. They also charged their attorney Michael C. French of Dallas and their stockbroker Louis J. Schaufele III of Dallas…more

| Securities Law
Papadopoulos v. Target Corp.

SJC decision in landlord liability for snow accumulation

The Massachusetts Supreme Judicial Court removed the distinction between natural and unnatural accumulations of snow and ice on their property. Before this decision, property owners were protected when sued over falls from…more

| Real Estate

Do Prosecutions Stop Insider Trading?

The UK’s Financial Services Authority has published a metric on insider trading. They look at the level of abnormal pre-announcement price movements (APPMs) in the share price of a company…more

| Securities Law
US v. Lay

Sixth Circuit Upholds Hedge Fund Manager Fraud Conviction

In this decision, the court upheld an instruction that permitted the jury to find that a hedge fund adviser had a fiduciary relationship with a client. “[N]o hedge fund adviser could create a client relationship with an…more

| Commercial Law & Contracts, Criminal Law
Green Party v. Garfield

Connecticut's Pay to Play Law Upheld (Mostly)

United States Court of Appeals for the Second Circuit has upheld significant portions of Connecticut’s pay-to-play law…more

| Business Organizations, Elections & Politics
City of Ontario v. Quon

Supreme Court Decision in Quon

The search of the police officer’s text messages was reasonable, and therefore the officer’s Fourth Amendment rights were not violated. "Even if Quon had a reasonable expectation of privacy in his text messages, petitioners…more

| Civil Procedure, Constitutional Law, Electronic Discovery
Buckley H. Crispin v. Christian...

Order in Crispin case regarding subpoena for social networking sites

A California district judge ruled that Facebook and MySpace messages that aren’t publicly available are protected information under the Stored Communications Act, and therefore can’t be subpoenaed for use in civil litigation…more

| Communications & Media Law, Electronic Discovery, Science, Computers, &...
US v. Hoxie and Sebbag

Criminal Complaint in Brazen Insider Trading Scheme

The DOJ alleges Bonnie Jean Hoxie — an administrative assistant to a high-level Disney executive — and her boyfriend Yonni Sebbag sent anonymous letters in March 2010 to more than 20 hedge funds in the U.S. and Europe, offering…more

| Criminal Law, Securities Law
SEC v. Sebbag and Hoxie

SEC Complaint in Brazen Insider Trading Scheme

The SEC alleges Bonnie Jean Hoxie — an administrative assistant to a high-level Disney executive — and her boyfriend Yonni Sebbag sent anonymous letters in March 2010 to more than 20 hedge funds in the U.S. and Europe, offering…more

| Securities Law
Post v. Killington

Opinion and Order in Killington season pass case

In its early days, Killington offered a lifetime ski pass to purchasers of its bonds in the 1950s and 1960s. The holder is entitled "to the free use of all ski lifts operated by Sherburne Corporation at Killington Basin so long…more

| Commercial Law & Contracts, Real Estate
Stengart v. Loving Care

NJ Decision on Monitoring of Employee Email

The New Jersey Supreme Court has ruled on the appeal and found that the employee “could reasonably expect that e-mail communications with her lawyer through her personal, password-protected, web-based e-mail account would…more

| Labor & Employment Law
Jones v. Harris Associates

Supreme Court Decision on Mutual Fund Fees

Under §36(b) of the Investment Company Act of 1940 the “the investment adviser of a registered investment company shall be deemed to have a fiduciary duty with respect to the receipt of compensation for services, or of payments…more

| Securities Law

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