By Alaina Lancaster | June 4, 2019
Unlike many companies sued by the SEC, Kik has been looking forward to court in order to set a new standard that excludes cryptocurrency from securities law. “This is the first time that we're finally on a path to getting the clarity we so desperately need as an industry to be able to continue to innovate and build,” said Ted Livingston, Kik's CEO.
New York Law Journal | Letter to the Editor
By Peggy Little | June 4, 2019
Within moments, lives are forever altered, reputations destroyed, businesses put on the road to ruin with many livelihoods at risk.
By R. Robin McDonald | June 3, 2019
The SEC said the man ran an alleged Ponzi scheme from his fraternity house that targeted UGA students, their families and friends.
The Legal Intelligencer | Commentary
By Robert L. Hickok, Jay A. Dubow and Benjamin J. Eichel | June 3, 2019
The Private Securities Litigation Reform Act of 1995 (the PSLRA) brought much needed changes to securities litigation and was intended to limit frivolous lawsuits by curious and suspicious plaintiffs.
New York Law Journal | Analysis
By Joel C. Haims, James J. Beha II, Michael D. Birnbaum and Steven T. Rappoport | May 31, 2019
The Supreme Court's recent decision in 'Lorenzo v. Securities & Exchange Commission'—which affirmed a finding of liability under §10(b) and Rule 10b-5 against a defendant who knowingly “disseminated” another party's false statement—may provide private plaintiffs a basis to argue for more expansive Rule 10b-5 liability.
By Jenna Greene | May 29, 2019
The $2 billion putative securities class action against UBS is believed to be the last Enron-related case to make its way through the courts.
New York Law Journal | Analysis
By Sandra Stern | May 29, 2019
Investors have long been accustomed to borrowing to finance the purchase of securities. Therefore, they may assume that the rules are the same when borrowing to buy virtual currency. Unfortunately, this is not the case at the moment.
Delaware Business Court Insider | Commentary
By Ellis E. Herington and Douglass Herrmann | May 29, 2019
Delaware courts will enforce the terms of well-drafted, unambiguous contracts. Clearly communicating and memorializing parties' expectations in the terms of their contract puts parties in the best position possible to have their expectations enforced and receive the benefit of their bargain.
By C. Ryan Barber | May 28, 2019
Welcome to Compliance Hot Spots -- our weekly snapshot of news and trends in the regulatory, compliance and enforcement arenas. Thanks for reading!
By Ross Todd | May 28, 2019
Erin Schneider, who joined the SEC in 2005 as a staff attorney in the San Francisco office, has headed up enforcement in the office since 2015.
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