By George S. Canellos, Tawfiq S. Rangwala, and John J. Hughes, III | July 10, 2024
Milbank partners George Canellos and Tawfiq Rangwala and special counsel John Hughes discuss the real-world impact that "SEC v. Jarkesy" will have on SEC enforcement.
By Kat Black | July 9, 2024
A complaint filed on June 17 by Pomerantz in the California Northern District Court alleged that Gritstone bio Inc., which develops vaccines and immunotherapies for cancer and infectious diseases, misled investors about the timeline of a proposed COVID-19 vaccine study in earnings calls, news releases and U.S. Securities and Exchange Commission filings.
By Samson Amore | July 8, 2024
Brian Glennon joins the firm as a partner in Los Angeles.
By Michael A. Mora | July 1, 2024
"Were this not the law, the private emails of all professors or others with experience purportedly related to their public duties thereafter would be subject to endless, intrusive discovery," argued Jorge Tenreiro of the U.S. Securities and Exchange Commission.
By Maydeen Merino | June 25, 2024
"You need to be more and more careful about engagement the further afield from your expertise the rulemaking is," Jay Clayton said.
By Kat Black | June 25, 2024
The complaint, filed by Bottini & Bottini in California's Central District Court last Friday, argues that the defendants, including Live Nation CEO Michael Rapino, breached their fiduciary duties by failing to prevent antitrust violations and defying a 2010 consent decree prohibiting anti-competitive conduct.
By ALM Staff | June 21, 2024
This suit was surfaced by Law.com Radar. Read the complaint here.
By Ellen Bardash | June 21, 2024
The shareholder proposes a class of those who purchased Nike Class B stock between March 2021, when Nike announced its third quarter financial results, and March 2024, when it was announced Nike would be scaling back on its direct-to-consumer strategy.
By Avalon Zoppo | June 17, 2024
"The SEC cannot invoke abstract policy goals to aggrandize its authority beyond disclosure of 'financial" information material to investors." the rule's challengers stated in their appellate court brief.
By Jimmy Hoover | June 17, 2024
The legal question in the case deals with the pleading standard plaintiffs must meet under the 1995 Private Securities Litigation Reform Act, which was enacted to deter frivolous securities lawsuits.
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