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Securities and Exchange Commission (SEC) Securities Exchange Act of 1934 California

ArentFox Schiff

Investigations Newsletter: California Doctor to Pay $3 Million for Insider Trading

ArentFox Schiff on

California Doctor to Pay $3 Million for Insider Trading - On December 18, a California oncologist agreed to pay the US Securities and Exchange Commission (SEC) $3 million to resolve allegations of insider trading. The SEC...more

Allen Matkins

What's The Deal With New SEC Rule 3a5-4 And California?

Allen Matkins on

Section 3(a)(5) of the Securities Exchange Act of 1934 defines the term “dealer” to mean “any person engaged in the business of buying and selling securities . . . for such person’s own account through a broker or otherwise,”...more

Proskauer - Whistleblower Defense

CA District Court: Insurance Policy Covering Securities Claims May Extend to SOX Whistleblower Claims

A recent California district court addressed the question of whether, for insurance coverage purposes, a SOX whistleblower claim is a “securities claim,” and answered that question in the affirmative. Skye Bioscience v....more

Seward & Kissel LLP

Musk Wins Tweet Trial

Seward & Kissel LLP on

On February 3, 2023, a federal California jury found Elon Musk not liable for losses experienced by Tesla investors following his August 2018 tweet stating he had “funding secured” to take the company private. The...more

Allen Matkins

Can A Corporation Issue Shares That Are Convertible At Its Own Option?

Allen Matkins on

May a California corporation issue shares that are convertible ex proprio motu into shares of any other class or series or any other of its securities?  The answer is "yes" but only if that right is provided in the articles...more

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