SEC’s Disgorgement Authority Expanded Under National Defense Authorization Act for Fiscal Year 2021; Delaware Court of Chancery Rejects Derivative Claim Based On Deficient Anti-Money Laundering Compliance Efforts: “Bad...more
1/13/2021
/ Anti-Money Laundering ,
Breach of Duty ,
Derivative Suit ,
Disgorgement ,
Duty of Loyalty ,
Enforcement Authority ,
Failure To State A Claim ,
Motion to Dismiss ,
NDAA ,
Personal Jurisdiction ,
Putative Class Actions ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Shareholders ,
Unjust Enrichment
In First Ever SEC Sanction for Allegedly Misleading COVID Related Disclosures, Cheesecake Factory Pays $125,000 Civil Penalty; New York State Appellate Court Dismisses Putative Securities Act Class Action on Merits for First...more
12/17/2020
/ Civil Monetary Penalty ,
Class Action ,
Consent Decrees ,
Coronavirus/COVID-19 ,
Dismissals ,
Form 8-K ,
Initial Public Offering (IPO) ,
Material Misstatements ,
Putative Class Actions ,
Sanctions ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Securities Violations ,
Summary Judgment ,
Unregistered Securities
Ninth Circuit Holds Loss Causation May Be Predicated on Information Potentially Available Under Freedom of Information Act; D.C. Circuit Upholds FINRA’s Permanent Ban of Broker Accused of Misconduct After Finding SCOTUS...more
11/20/2020
/ Aiding and Abetting ,
Banks ,
Breach of Duty ,
Broker-Dealer ,
Class Action ,
Dismissals ,
Enforcement Actions ,
Fiduciary Duty ,
Financial Industry Regulatory Authority (FINRA) ,
FOIA ,
Fraud ,
Investors ,
Loss Causation ,
Money Laundering ,
Petition for Review ,
Ponzi Scheme ,
Public Disclosure ,
Putative Class Actions ,
Reversal ,
Sanctions ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Fraud ,
Securities Violations ,
Shareholders ,
Unjust Enrichment ,
Whistleblowers
SEC Greenlights NYSE Proposal Modifying Direct Listings; SEC Expands Definition of Accredited Investor; SDNY Court Permits Trial To Proceed Against Former Lead Trader at Nomura Securities International; Delaware Chancery...more
9/14/2020
/ Accredited Investors ,
Amended Rules ,
Blockchain ,
Cryptocurrency ,
Direct Listing ,
Initial Public Offering (IPO) ,
Investment Opportunities ,
Investors ,
NYSE ,
Popular ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Traders ,
Unregistered Securities
Securities Class Action Against Swiss-Based Company Dismissed On Forum Non Conveniens Grounds; Second Circuit Finds Strong Inference of “Conscious Recklessness” In Allegations And Reverses Dismissal of Securities Suit Against...more
8/25/2020
/ Bribery ,
Class Action ,
Cross-Border Transactions ,
Department of Justice (DOJ) ,
Dismissals ,
False Statements ,
Foreign Corporations ,
Foreign Corrupt Practices Act (FCPA) ,
Forum Non Conveniens ,
Forum Selection ,
Government Investigations ,
Investors ,
Misleading Statements ,
Omissions ,
Pharmaceutical Industry ,
Popular ,
Putative Class Actions ,
Real Estate Investments ,
Recklessness ,
Reversal ,
Rule 10b-5 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Litigation ,
Settlement