By Sue Reisinger | June 23, 2017
Chen, who has criticized President Trump on Twitter, was the first lawyer to hold the new post, but DOJ plans to continue the concept.
By B. Colby Hamilton | June 23, 2017
The U.S. Court of Appeals for the Second Circuit added a valuable point of clarity in securities cases dealing with material omissions this past week, even if 'Stadnick v. Vivint Solar' did little to change how most attorneys say they plan to approach the law.
By B. Colby Hamilton | June 21, 2017
A U.S. Court of Appeals for the Second Circuit panel Wednesday rejected attempts by a plaintiff to assert a First Circuit standard for securities fraud cases dealing with the disclosure of information to investors.
By Scott Flaherty | June 20, 2017
It was a record year for securities settlements and for the plaintiffs lawyers that represented investors in securities class actions.
By B. Colby Hamilton | June 19, 2017
Attorney General Eric Schneiderman's push to compel ExxonMobil to produce additional documents as part of its fraud case against the energy company has been clipped, at least for the time being, by Manhattan Supreme Court Justice Barry Ostrager.
By Margaret A. Dale and Mark D. Harris | June 19, 2017
Corporate and Securities Litigation columnists Margaret A. Dale and Mark D. Harris write: For nearly a half-century, when bringing enforcement proceedings for violations of federal securities laws, the SEC has sought a sanction which forces defendants to fork over ill-gotten gains, regardless of how long before the initiation of the proceeding the wrongful conduct generating those gains occurred. Now a unanimous U.S. Supreme Court has put a stop to the SEC's end-run around the limitations period otherwise applicable to agency enforcement proceedings.
By thelegalintelligencer | The Legal Intelligencer | June 16, 2017
Plaintiffs' claims against the defendant investment company were not pre-empted by the Securities Litigation Uniform Standards Act of 1998 since they did not assert that defendants' alleged misrepresentations regarding brokerage commissions made a significant difference to their decision to purchase securities. The court denied defendant's motion to dismiss in part.
By B. Colby Hamilton | June 14, 2017
In a decision relying heavily on the 2015 U.S. Supreme Court ruling limiting liability for statements deemed opinions in securities suits, a Manhattan federal judge has dismissed investor claims against gold mining company Pretium Resources Inc.
By B. Colby Hamilton | June 14, 2017
A Manhattan federal judge granted a sweeping suppression motion in the government's fraud case against financier Benjamin Wey Tuesday, siding with the defendant over Fourth Amendment concerns in a significant setback to federal prosecutors.
By Melanie Waddell, ThinkAdvisor | June 13, 2017
As partner, Michael Liftik will focus on government and internal investigations, regulatory enforcement defense, securities litigation and cybersecurity.
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