In this issue, we examine the release of the much-anticipated Strategic Hub for Innovation and Financial Technology (FinHub) guidance for analyzing how U.S. federal securities laws apply to initial coin offerings, the...more
4/16/2019
/ Advertising ,
Blockchain ,
California Consumer Privacy Act (CCPA) ,
CNIL ,
Cryptocurrency ,
Default ,
Digital Assets ,
Discovery ,
Distributed Ledger Technology (DLT) ,
Division of Corporate Finance ,
Ethereum ,
EU ,
FinHub ,
France ,
Frozen Assets ,
General Data Protection Regulation (GDPR) ,
Guilty Pleas ,
Initial Coin Offering (ICOs) ,
Investment Contract ,
Motion to Dismiss ,
No-Action Letters ,
NYDFS ,
Offerings ,
Payment Tokens ,
Personal Jurisdiction ,
Plea Agreements ,
Popular ,
Preliminary Injunctions ,
Profits ,
Public Comment ,
Putative Class Actions ,
Safe Harbors ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Securities Tokens ,
Securities Violations ,
Settlement ,
Smart Contracts ,
Unregistered Securities ,
Virtual Currency
This quarter’s issue includes summaries and associated court opinions of selected cases principally decided between December 2018 and February 2019....more
3/14/2019
/ Appeals ,
Article III ,
Class Action ,
Cryptocurrency ,
Fiduciary Duty ,
Investment Opportunities ,
Loss Causation ,
Mutual Funds ,
Nutraceutical Corp v Lambert ,
Omnicare v Laborers District Council ,
Pleading Standards ,
Ponzi Scheme ,
Popular ,
PSLRA ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
SLUSA ,
Standing
This is the second edition of The Distributed Ledger, a periodic publication covering the latest trends and developments in blockchain technology, digital assets and smart contracts. In this issue, we examine the SEC’s new...more
11/8/2018
/ Anti-Money Laundering ,
Blockchain ,
CFTC ,
CNIL ,
Commodity Exchange Act (CEA) ,
Cross-Border Transactions ,
Data Controller ,
Data Processors ,
Digital Assets ,
EU ,
FATF ,
FinHub ,
FinTech ,
Initial Coin Offering (ICOs) ,
International Data Transfers ,
Personally Identifiable Information ,
Popular ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Smart Contracts ,
Startups ,
Terrorist Financing Regulations ,
Virtual Currency
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
The market for cryptocurrencies and the current wave of initial coin offerings (ICOs) that seek to raise capital for blockchain-based projects have enjoyed a swell of popularity in recent years. U.S. regulatory agencies and...more
6/20/2018
/ Blockchain ,
Breach of Contract ,
CFTC ,
Commodities ,
Cryptocurrency ,
Digital Currency ,
Enforcement Actions ,
Initial Coin Offering (ICOs) ,
Investment Contract ,
Popular ,
Rule 10(b) ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Token Sales ,
Unjust Enrichment ,
Unregistered Securities
On March 8, 2017, Skadden hosted a webinar titled “Lessons Learned From Tax-Related Whistleblower Litigation and Shareholder Actions.” The Skadden panelists were tax partners Nathaniel Carden and Armando Gomez, and litigation...more
3/22/2017
/ 1099s ,
Board of Directors ,
Breach of Duty ,
Class Action ,
Corporate Taxes ,
Derivative Suit ,
Dodd-Frank ,
False Claims Act (FCA) ,
Federal v State Law Application ,
Form 1098-T ,
Internal Revenue Code (IRC) ,
International Tax Issues ,
Inversion ,
IRS ,
Misrepresentation ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Litigation ,
Shareholder Litigation ,
Stock Drop Litigation ,
Tax Litigation ,
Tax Planning ,
Whistleblowers
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
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
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
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