In a pair of orders issued this month, the U.S. Supreme Court signaled plans to provide further guidance in its upcoming Fall term concerning application of the heightened standard for pleading securities fraud claims...more
7/2/2024
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Appeals ,
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Facebook ,
Form 10-K ,
Petition for Writ of Certiorari ,
PSLRA ,
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Scienter ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Fraud
The Securities and Exchange Commission obtained a victory in a closely-watched trial when a jury found Matthew Panuwat liable for insider trading based on a “shadow trading” theory. The jury’s verdict, as well as increased...more
Underscoring its stated enforcement focus on fulsome disclosure of issuers’ businesses and trends in their operations, the U.S. Securities and Exchange Commission settled charges with General Electric Company on December 9,...more