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Daily Business Review

First Promoters Jimmy Butler, Ben Armstrong to Settle in Binance Litigation

Adam Moskowitz, the managing partner at the Moskowitz Law Firm in Coconut Grove, and David Boies, the chair of Boies Schiller Flexner in New York, have also moved for preliminary approval of the proposed settlement class, to appoint class representatives and to appoint them co-lead class counsel.
4 minute read

Corporate Counsel

Kroger Suit Claims FTC Using Unconstitutional Process to Try to Kill Megamerger

"Unless the proceeding is enjoined, Kroger will suffer an immediate constitutional injury by being subjected to an illegitimate proceeding," Kroger says in the newly filed complaint.
3 minute read

Corporate Counsel

SEC Fines Carl Icahn $2M, Signaling Scrutiny of Margin Loan Disclosures

The agency says the longtime activist investor failed to disclose that he and his company pledged billions of dollars in stock as collateral on margin loans.
2 minute read

National Law Journal

'Courts Do Get It Wrong': Legal Experts Discuss State-Law Certification Pros and Cons

"Certification sounds great in theory, but doesn't always work efficiently in practice," said Vikram David Amar, a professor of law at the University of California, Davis. "It doesn't always generate the clear answer that the federal court is looking for."
9 minute read

New York Law Journal

Aviate, Navigate, Communicate: Training for Inevitable Cyber-Attacks

Claudia Rast and Roland Trope discuss FBI procedures for recovering payments made to ransomware attackers. The authors "draw from years of in-the-trenches cyber counseling and knowledge of the general mayhem and chaos that a cyber-attack can wreck on an organization, its personnel, and its customers or clients."
11 minute read

National Law Journal

FTC Noncompetes Ban May Create 'Dichotomy' in Health Care Space, Antitrust Experts Say

The agency's jurisdiction is limited to companies that operate for profit. In the health care industry, many medical faciilites are organized as not-for-profit entities and, thus, not subject to the FTC's rule.
5 minute read

Daily Business Review

Why Smartmatic Escaped Indictment: A Closer Look at the Charges Against Its Executives

"It adds a lot of the hallmarks of some of the ugliest Foreign Corrupt Practices Act violations that you could find," said Scott Greytak with Transparency International.
4 minute read

Daily Business Review

Judge Rules Shaquille O'Neal Will Face Lawsuit for Promotion, Sale of 'Securities'

"We are extremely fortunate that Judge Moreno authored the first extensive ruling on cryptocurrency and celebrity promotions," said Adam Moskowitz, the managing partner at the Moskowitz Law Firm.
5 minute read

Daily Business Review

Judge Recommends Dissolving $63 Million Garnishment Against Joe Carollo

"We do not believe the law allows a judgment debtor to manipulate the family income or spending habits in that manner to defeat a writ of garnishment," said Jeff Gutchess, a partner at AXS Law Group.
6 minute read

The Legal Intelligencer

SEC Agrees to Dismiss Civil Suit Against Former Pharma CIO Over Alleged Insider Trading

"We are delighted that Ram has been fully vindicated of these meritless allegations," former Mylan executive Ramkumar V. Rayapureddy's lead counsel, Adam Lurie, a partner at Linklaters, said of the outcome. "He has shown remarkable courage and resilience throughout this long injustice and is looking forward to moving on with his life and his career."
3 minute read

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