By Tom McParland | November 18, 2020
According to the study, the number of SEC actions aimed at public firms trading on a major stock exchange declined from a record-high 95 in the previous fiscal year, hitting their lowest levels since 2014.
By Tom McParland | November 18, 2020
According to a study from San Francisco-based Cornerstone Research, the number of SEC actions aimed at public firms trading on a major stock exchange declined from a record-high 95 in the previous fiscal year, hitting their lowest levels since 2014.
New York Law Journal | Analysis
By Angela Turturro | November 18, 2020
In his Corporate Securities column, John C. Coffee Jr. discusses a proposal by the U.S. Chamber of Commerce to the SEC, one which places the SEC at the top of a very slippery slope. The proposal, which seeks to bar liability for certain COVID-19-related statements, would go well beyond the existing statutory safe harbor and cover statements that are expressly not covered by the existing safe harbor.
National Law Journal | Commentary
By George Gerachis and Matthew Jacobs | November 16, 2020
The IRS views disgorgement as a penalty, and thus not deductible as restitution, but the Supreme Court recently issued a decision in "Liu v. SEC" undercutting the IRS's rationale. In light of "Liu," the IRS needs to rethink its rationale.
The Legal Intelligencer | News
By Justin Henry | November 9, 2020
Michael Kichline said he expects an increased focus on trends in securities litigation related to the COVID-19 pandemic as it begins to impact a wider range of industries.
Litigation Daily | Expert Opinion
By Nicolas Grabar, Adam Brenneman and Jared Gerber | November 5, 2020
With the current wave of securities litigation against SPACs, sponsors might want to approach the de-SPAC process more like a traditional IPO even if the process otherwise resembles a merger.
The Legal Intelligencer | Commentary
By Katayun I. Jaffari and Paul D. Hallgren | November 2, 2020
In September 2020, the Securities and Exchange Commission (SEC) voted 3-2 to adopt amendments to certain disclosure rules for public companies in an effort to modernize information that is presented to investors.
By C. Ryan Barber | October 29, 2020
"Today's award demonstrates the significant contributions that whistleblowers can make to substantially assist investigations and help the commission save time and resources," SEC whistleblower chief Jane Norberg said.
Litigation Daily | Expert Opinion
By Kristen Seeger, Alexa Perez and Nilofer Umar | October 28, 2020
Lawsuits driven by social justice movements can not only create meaningful litigation costs but also crisis management issues stemming from increased public attention and media coverage.
By Ross Todd | October 27, 2020
The rare securities class action trial, only the second ever in Australia, resulted in a defense win for lawyers at Herbert Smith Freehills and their client, engineering firm Worley.
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