On November 2, 2018, the U.S. Securities and Exchange Commission (the SEC or Commission) Division of Enforcement (the Division) released its annual report discussing enforcement-related actions and key initiatives (the...more
11/8/2018
/ Annual Reports ,
Civil Monetary Penalty ,
Cyber Crimes ,
Cybersecurity ,
Disclosure Requirements ,
Disgorgement ,
Enforcement Actions ,
Fraud ,
Investor Protection ,
OCIE ,
Offering Fraud ,
Popular ,
Retail Investors ,
Securities and Exchange Commission (SEC) ,
Share Class Structures
This quarter’s issue includes summaries and associated court opinions of selected cases principally decided between May 2018 and August 2018....
US Supreme Court -
Supreme Court Holds That SEC Administrative Law Judges...more
9/28/2018
/ Acquisitions ,
Administrative Law Judge (ALJ) ,
Appeals ,
Appointments Clause ,
Appraisal ,
Attorney-Client Privilege ,
Class Certification ,
Constitutional Challenges ,
Controlling Stockholders ,
Deal Price ,
Delaware General Corporation Law ,
Disclosure Requirements ,
False Statements ,
Fiduciary Duty ,
Foreign Corporations ,
Insider Trading ,
Lorenzo v SEC ,
Lucia v SEC ,
Mergers ,
Misleading Statements ,
Petition for Writ of Certiorari ,
Pleading Standards ,
Rule 10(b) ,
Scienter ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Litigation ,
SLUSA ,
TRO
This issue of Inside the Courts, Skadden’s securities litigation newsletter, includes summaries and associated court opinions of selected cases principally decided between May 2015 and August 2015. The cases address...more
10/8/2015
/ Appraisal Rights ,
Class Action ,
Class Certification ,
Controlling Stockholders ,
Demand Futility ,
Derivative Suit ,
Disclosure Requirements ,
Dismissals ,
False Statements ,
Fraud-on-the-Market ,
Insider Trading ,
Janus Capital Group ,
Loss Causation ,
Offering Documents ,
Oil & Gas ,
Pleading Standards ,
PLSRA ,
Rebuttable Presumptions ,
Rule 10b-5 ,
Safe Harbors ,
Scienter ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
SLUSA ,
Statute of Limitations
On April 1, 2015, the U.S. Securities and Exchange Commission (SEC) announced its first enforcement action against a company for a restrictive provision in confidentiality agreements that could deter employees from using the...more
In This Issue:
- CLASS CERTIFICATION:
..Goodman v. Genworth Fin. Wealth Mgmt. Inc., No. 09-CV-5603, 2014 WL 1452048 (JFB) (GRB) (E.D.N.Y. Apr. 15, 2014)
- DEMAND FUTILITY:
..Rosenbloom v. Pyott,...more
9/18/2014
/ Bylaws ,
Class Action ,
Class Certification ,
Employee Retirement Income Security Act (ERISA) ,
Enforcement Actions ,
Expert Witness ,
Fiduciary Duty ,
Loss Causation ,
Retailers ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Wal-Mart
In This Issue:
- AUDITOR LIABILITY:
..Athale v. Sinotech Energy Ltd., No. 11 Civ. 05831(AJN) (S.D.N.Y. Feb. 21, 2014)
- BYLAWS:
..ATP Tour, Inc. v. Deutscher Tennis Bund (German Tennis...more
5/30/2014
/ Appeals ,
Auditors ,
Bylaws ,
Class Action ,
Class Certification ,
Enforcement ,
Enforcement Actions ,
Fee-Shifting ,
Fiduciary Duty ,
Financial Industry Regulatory Authority (FINRA) ,
Foreign Corporations ,
Insider Trading ,
Professional Liability ,
Sarbanes-Oxley ,
Scienter ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act
On May 16, 2014, a three-judge panel of the U.S. Court of Appeals for the Eleventh Circuit provided the first appellate court interpretation of the reach of the U.S. Foreign Corrupt Practices Act (FCPA) to conduct involving...more
In This Issue:
- U.S. SUPREME COURT:
..Lawson v. FMR LLC, No. 12-3 (U.S. March 4, 2014)
..Chadbourne & Parke LLP v. Troice, No. 12-79 (U.S. Feb. 26, 2014)
- CLASS CERTIFICATION:
..In re BP...more
3/5/2014
/ Breach of Duty ,
Chadbourne & Parke LLP v Troice ,
Claim Preclusion ,
Class Action ,
Class Certification ,
Demand Futility ,
Deutsche Bank ,
Fiduciary Duty ,
Hewlett-Packard ,
Lawson v FMR ,
Pensions ,
Preemption ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Shareholder Litigation ,
Shareholders ,
SLUSA
In This Issue:
*U.S. SUPREME COURT:
- Halliburton Co. v. Erica P. John Fund, Inc., No. 13-317 (U.S. Nov. 15, 2013) Lawson v. FMR LLC, No. 12-3 (U.S. Nov. 12, 2013)
- Chadbourne & Parke LLP v. Troice, No....more
12/6/2013
/ Auditors ,
Certifications ,
Chadbourne & Parke LLP v Troice ,
Class Action ,
Derivative Suit ,
Dodd-Frank ,
Duty to Disclose ,
Enforcement Actions ,
Facebook ,
Fiduciary Duty ,
Foreign Corporations ,
Fraud ,
Halliburton ,
Halliburton v Erica P. John Fund ,
Misrepresentation ,
Pleading Standards ,
Ponzi Scheme ,
PSLRA ,
Scienter ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Standing ,
Statute of Limitations ,
Statute of Repose
The U.S. Securities and Exchange Commission (SEC or Commission) has announced plans to reinvigorate its enforcement efforts with respect to accounting issues. These plans include adding dedicated personnel and using data...more
On April 22, the U.S. Securities and Exchange Commission (SEC) announced its first non-prosecution agreement (NPA) with a company in a matter involving alleged violations of the U.S. Foreign Corrupt Practices Act (FCPA). The...more
Gabelli v. Sec. & Exch. Comm'n, No. 11-1274 (U.S. Feb. 27, 2013) -
In a unanimous opinion authored by Chief Justice Roberts, the U.S. Supreme Court today held that the five-year limitations period that governs SEC...more
As the second term of the Obama administration begins, the SEC is experiencing a profound leadership transition, with the departures of agency Chair Mary Schapiro; Director of Enforcement Robert Khuzami; its general counsel;...more
1/23/2013
/ Asset Management ,
Barack Obama ,
China ,
Cooperation Initiative ,
Department of Justice (DOJ) ,
Enforcement ,
Foreign Corrupt Practices Act (FCPA) ,
High Frequency Trading ,
Insider Trading ,
Securities and Exchange Commission (SEC) ,
Whistleblowers