By Cedra Mayfield | June 23, 2021
"The fact that a 'thing' that people may invest in is a digital asset does not really change the basic way we analyze the question: 'Is it a security?,'" said attorney Albert Chapar.
By ALM Staff | June 23, 2021
This suit was surfaced by Law.com Radar. Read the complaint here.
By Amanda Bronstad | June 23, 2021
Lawyers on both sides had positive reactions to a decision to remand a securities action against the investment bank for further review.
By Bruce Love | June 21, 2021
Brian Hail's addition at Crowell comes just two months after the firm absorbed a New York transactional boutique. And the firm isn't done hiring yet.
By ALM Staff | June 18, 2021
This suit was surfaced by Law.com Radar. Read the complaint here.
The Legal Intelligencer | Commentary
By David L. Axelrod and Hannah L. Welsh | June 18, 2021
To many this will come as a complete surprise, but there is no federal law that explicitly outlaws insider trading. Rather, for decades the SEC and the Department of Justice, with the endorsement of federal judges, have used the general securities fraud statutes to patch together a complex and problematic insider trading common law.
By Andrew Goudsward | June 16, 2021
"It does have some pretty significant impacts on the ability to bring these proposals," said plaintiff counsel Robert Kry.
By Charles Toutant | June 16, 2021
"They're not at the top of the chain of alleged bad guys. They should have something to trade in exchange for leniency," Nicholas Duston, an attorney who represents clients in securities investigations, said of the three defendants.
By Tom McParland | June 16, 2021
The fees award, entered Tuesday by U.S. District Judge Lewis A. Kaplan of the Southern District of New York, capped nearly nine years of litigation in the case, which claimed that MetLife had overstated its financial health, despite accusations that it had improperly retained money it owed to insurance beneficiaries.
New York Law Journal | Analysis
By Mark D. Harris and Margaret A. Dale | June 16, 2021
In their Securities and Corporate Litigation column, Mark D. Harris and Margaret A. Dale discuss the recent decision in 'Securities Exchange Commission v. Morrone', in which the First Circuit joined the Second, Third and Ninth Circuits in holding that transactions qualify as domestic depending on the location of the buyer or seller when they become irrevocably liable to receive or deliver the security.
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