Securities, Reversal

Safe Harbor Provision of Section 546(e) Applies to Privately Held Securities

King & Spalding on 7/20/2023

On May 2, 2023, the U.S. District Court for the Southern District of Indiana reversed a bankruptcy court, finding that Section 546(e) of the Bankruptcy Code preempts state law fraudulent transfer claims and that the...more

The Ninth Circuit Sounds A Wake Up Call – Federal Law Permits Class Action Claims Against Trustees

Downey Brand LLP on 8/24/2019

While institutional trustees may have once slept soundly considering themselves immune from class action lawsuits relating to the purchase or sale of securities on behalf of a trust, the Ninth Circuit’s recent ruling in Banks...more

Former Forex Trader Successfully Avoids Extradition From The UK Through Appeal To UK's High Court Of Justice

A&O Shearman on 8/14/2018

On July 31, 2018, the High Court of Justice of England and Wales, Queen’s Bench Division, rejected the United States (“U.S.”) government’s request to extradite a former FX trader and the former head of a bank’s foreign...more

Chris Lazarini Examines Whether a Commodity Futures Contract is a "Security"

Bass, Berry & Sims PLC on 3/16/2017

Bass, Berry & Sims attorney Chris Lazarini examined a case in which the appellate court upheld a jury verdict in favor of Plaintiff, finding commodity futures contracts are not "securities" and Plaintiff, who was trading them...more

SEC Overrules Its Own Administrative Law Judge to Clear Customer of Fraud Charges

Proskauer - Corporate Defense and Disputes on 8/26/2016

In a rare reversal of its own administrative law judge in the Matter of optionsXpress, the full Securities and Exchange Commission unanimously held that the SEC’s Enforcement Division had not met its burden of proof that the...more

Securities › Reversal

Safe Harbor Provision of Section 546(e) Applies to Privately Held Securities

The Ninth Circuit Sounds A Wake Up Call – Federal Law Permits Class Action Claims Against Trustees

Former Forex Trader Successfully Avoids Extradition From The UK Through Appeal To UK's High Court Of Justice

Chris Lazarini Examines Whether a Commodity Futures Contract is a "Security"

SEC Overrules Its Own Administrative Law Judge to Clear Customer of Fraud Charges

"My best business intelligence, in one easy email…"