In a post-trial opinion issued on June 30, 2025, the Delaware Court of Chancery largely ruled in favor of a fund manager who removed a Chinese investor from a fund established to purchase SpaceX shares, while finding the...more
10/7/2025
/ Breach of Duty ,
Business Judgment Rule ,
Corporate Governance ,
Duty of Candor ,
Fiduciary Duty ,
Foreign Entities ,
Investment Funds ,
Investors ,
Limited Partnership Agreements ,
Private Investment Funds ,
SpaceX
Earlier this year, the U.S. Court of Appeals for the First Circuit vacated and remanded a $93 million district court judgment entered against a broker-dealer and investment adviser for allegedly inadequate disclosures of...more
7/31/2025
/ Appellate Courts ,
Broker-Dealer ,
Disclosure Requirements ,
Disgorgement ,
Form ADV ,
Investment Advisers Act of 1940 ,
Judicial Review ,
Jury Trial ,
Legal History ,
Materiality ,
Remand ,
Reversal ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Summary Judgment
The U.S. Securities and Exchange Commission (SEC) is cracking down on how firms promote their artificial intelligence (AI) technologies to protect investors from falling victim to "AI-washing." On March 18, 2024, the SEC...more
4/22/2024
/ Algorithms ,
Artificial Intelligence ,
Best Practices ,
Client Data ,
Disclosure Requirements ,
Enforcement Actions ,
False Statements ,
Investment Adviser ,
Marketing ,
Misleading Statements ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Transparency
The digital assets industry is anticipating the expected first- and second-order effects of the upcoming bitcoin "halving" event expected in April 2024 – when the amount of new bitcoin generated and awarded to bitcoin miners...more