Compliance Hot Spots: SEC Pursues Novel Insider Trading Case + 'Hypocrisy' in White-Collar Crime Response + SDNY Vet Leads Russia Sanctions Task Force
The SEC is litigating what some observers are a calling a first-of-its-kind insider trading case against a pharma executive who allegedly bought stock in a rival company after hearing that his own company was about to be acquired.
March 10, 2022 at 09:59 AM
13 minute read
Welcome to Compliance Hot Spots, our weekly snapshot on white-collar, regulatory and compliance news and trends. Today, we'll examine a novel SEC insider trading case and a new focus from DOJ on white-collar crime victims. Plus, a look at the Big Law firms in DOJ's major new antitrust lawsuit in the health insurance industry. Drop me a line about how it's going and what you're hearing. Contact me at [email protected] and @AGoudsward on Twitter.
U.S. Securities and Exchange Commission building in Washington, D.C. January 5, 2019.
SEC Pursues Novel Insider Trading Case
It's not your average insider trading case.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Indian Billionaire Gautam Adani Indicted in Brooklyn for Alleged Orchestration of $250 Million Bribery Plot
3 minute read
'Politically Destabilizing'?: Trump Lawyers Say NY Criminal Case Must Be Dismissed
'A National Calamity': US Judge Says Archegos Founder Bill Hwang Should Get 18-Year Sentence for Fraud, Market Manipulation
Law Firms Mentioned
- Goodwin Procter
- Cleary Gottlieb Steen & Hamilton
- O'Melveny & Myers
- Hogan Lovells
- Buchanan Ingersoll & Rooney
- Skadden, Arps, Slate, Meagher & Flom LLP
- Wiley Rein
- Vedder Price
- Simpson Thacher & Bartlett
- Arnold & Porter
- Jones Day
- Paul Hastings
- Morgan, Lewis & Bockius
- Crowell & Moring LLP
- Katten Muchin Rosenman
- Kirkland & Ellis
Trending Stories
- 1Zero-Dollar Verdict: Which of Florida's Largest Firms Lost?
- 2Appellate Div. Follows Fed Reasoning on Recusal for Legislator-Turned-Judge
- 3SEC Obtained Record $8.2 Billion in Financial Remedies for Fiscal Year 2024, Commission Says
- 4Judiciary Law §487 in 2024
- 5Polsinelli's Revenue and Profits Surge Amid Partner De-Equitizations, Retirements
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
