The Legal Intelligencer | News
By Dan Clark | April 24, 2019
The number of non-U.S. issuers targeted for securities class action suits has stayed steady for the second year in a row, according to a report published by Dechert earlier this month.
New York Law Journal | Analysis
By Deborah Meshulam, Benjamin Klein and Richard Kelley | April 24, 2019
This article provides an overview of the SEC's “Framework for 'Investment Contract' Analysis of Digital Assets” and explains how the SEC staff is likely to analyze digital assets. It also examines the concept that digital assets can reach a tipping point—an “evolutionary moment” in their development—where they transform from a security to non-security.
By C. Ryan Barber | April 23, 2019
The Consumer Financial Protection Bureau's made adjustments to the agency's civil investigative demands, and we have some early comments on what the changes mean. Plus: a former Sullivan & Cromwell associate's snagged a front-office post at Main Justice, and scroll down for some of the big new U.S. lobbying engagements by Big Law. Thanks for reading!
By Colby Hamilton | April 23, 2019
Federal authorities first seized material from Martin Armstrong's home and offices in 1999. On Tuesday the Second Circuit said the district court was within its right to close the case in 2017.
By Tom McParland | April 18, 2019
The shareholder complaint claims company directors acted disloyally by approving "millions of dollars in unwarranted severance payments" following sexual misconduct claims against executives and managers.
By Amanda Bronstad | April 17, 2019
Two cases demonstrate the reality that while MDL leadership is a plum gig for plaintiffs' firms, their appointments aren't always permanent
Delaware Business Court Insider | Commentary
By Meghan A. Adams | April 17, 2019
Under Delaware law, majority or controlling stockholders owe fiduciary duties to the company and its minority stockholders. Under certain circumstances, however, a stockholder that owns less than 50 percent of the company's outstanding stock can be deemed a controlling stockholder and therefore subject to the same fiduciary obligations.
The Legal Intelligencer | News
By Amanda Bronstad | April 16, 2019
Kessler Topaz had asked a federal judge to remove its former partner, Kimberly Justice, from her leadership post in the multidistrict litigation over alleged manipulation of the Chicago Board Options Exchange Volatility Index. All other lead attorneys had opposed the move.
By C. Ryan Barber | April 16, 2019
The US Justice Department's issued guidance to confront "misconceptions" about the CLOUD Act. Plus: Hertz is suing its former general counsel, Rep. Katie Porter took on Jamie Dimon last week and Simpson Thacher names a new internal investigations practice head. Thanks for reading!
By Sue Reisinger | April 16, 2019
In February, Hertz sent letters to the defendants demanding they return their incentive and severance payments, totaling $70 million, and then brought suit in U.S. District Court for the District of New Jersey,
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