On the last day of the 2019 state legislative session, the Colorado General Assembly passed a bill to ask voters whether to legalize and tax sports betting. The referred measure, now known as Proposition DD, had bipartisan...more
The Colorado Supreme Court provided a big victory on Monday to proponents of a citizen-initiated statewide ballot measure that would ask voters whether to repeal a provision in the Colorado Constitution known as the Taxpayer...more
The Colorado Supreme Court has issued a number of opinions over the last several years clarifying the scope of the economic loss rule. On May 7, 2019, the court revisited the economic loss rule in Bermel v. BlueRadios, Inc.,...more
In its first hearing for the 2019-2020 election cycle, the Colorado Title Board stalled an attempt to repeal the state’s Taxpayer Bill of Rights (TABOR)....more
One day before the Sept. 5 deadline, the Colorado Secretary of State’s Office has completed the signature line review for citizen ballot initiatives and certified seven for the November ballot. These are the same seven...more
The latest deadline for proponents of a proposed state ballot initiative hoping to get their measure on the November ballot has passed. Monday, Aug. 6, was the last possible day to submit the required number of signatures to...more
(Note: The information below is an update to a previous client alert regarding the status of ballot initiatives with approved petition formats and current appeals before the Colorado Supreme Court.)
With the deadline to...more
With the deadline to submit proposed ballot measures for the November election passing last Friday, Colorado voters and policymakers can now see the full range of potential measures—and topics—that voters might see when they...more
The U.S. Supreme Court’s recent decision in Kokesh v. SEC provides the defense bar with significant ammunition to argue for lower monetary sanctions in securities enforcement matters pending in federal district courts. In...more
From March 19–22, the Securities Industry and Financial Markets Association (“SIFMA”) hosted its Annual Compliance & Legal Society Seminar in San Diego, California. This seminar is the top conference for financial...more
The materiality of misrepresentations and omissions in securities fraud litigation is a complex but critical issue. For several reasons, defendants sometimes give this element of a securities claim less at tention than it...more
On Dec. 6, 2016, the U.S. Supreme Court issued its much-awaited decision in Salman v. United States, upholding a “friends and family” insider-trading conviction and effectively overruling the Second Circuit’s decision in...more
On June 9, 2016, the SEC announced a $17 million whistleblower award to “a former company employee whose detailed tip substantially advanced the agency’s investigation and ultimate enforcement action.” This is the...more
On May 6, 2016, the Delaware Supreme Court upheld a merger between Zale Corporation (“Zales”) and Signet Jewelers Limited (“Signet”) when it affirmed a lower court’s dismissal of a shareholder class action that sought to...more
Newly proposed reforms to the U.S. Securities and Exchange Commission’s (SEC) disclosure regime would have a dramatic impact on public companies’ current disclosure obligations.
Last week during her keynote at the 48th...more