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New York Law Journal

Manhattan Jury Finds Terraform, Do Kwon Liable in Crypto Civil Fraud Trial

U.S. District Judge Jed Rakoff of the Southern District of New York said he intends to rule on penalties no later than the first week of May, after receiving briefs from the defendants and the U.S. Securities and Exchange Commission.
3 minute read

New York Law Journal

'Failure Is Not Fraud': Dentons Partner, SEC Make Closing Arguments in Terraform Civil Fraud Trial

After hearing nearly two weeks of evidence in the civil fraud case, jurors in the Southern District of New York on Friday began deliberating on whether cryptocurrency company Terraform Labs and its founder Do Kwon defrauded investors by lying about the company's success.
4 minute read

New York Law Journal

Billionaire Joe Lewis Avoids Prison Time After Guilty Plea in Insider Trading Case

Lewis' attorney David Zornow of Skadden, Arps, Slate, Meagher & Flom urged Clarke to consider that Lewis chose to come to the United States to face his charges and then took responsibility by pleading guilty.
3 minute read

New York Law Journal

Brothers Plead Guilty to Securities Fraud Involving Proposed 2021 Trump SPAC Merger

Each pleaded guilty to one count of securities fraud. The remaining defendant in the case, former DWAC board member Bruce Garelick, has pleaded not guilty to securities fraud charges.
2 minute read

New York Law Journal

Nasdaq Stock Exchange Operator Accused of Disparate Treatment of Minority-Owned Businesses

Nasdaq questioned the valuation of the combined company and then said it would only accept Digerati's over-the-counter price for valuation—a move Trident's attorneys described as "crushing."
3 minute read

The Recorder

Wells Fargo Litigation Over 'Reverse Redlining' in Mortgage Lending Practices Moves Federal Courts

This suit was surfaced by Law.com Radar, ALM's source for immediate alerting on just-filed cases in state and federal courts. Law.com Radar now offers state court coverage nationwide.
3 minute read

National Law Journal

Capital One's $35.3B Bid for Discover Faces Bevy of Regulatory Agencies, Hurdles

"The [DOJ] is going to have a challenge because you're dealing with some major companies who are going to not just back out of this easily. They're going to put forth their best foot and be persistent," said antitrust lawyer Carl Hittinger.
6 minute read

New York Law Journal

NY Cybersecurity Rules to Require Financial Services Firms to Report Reasons for Noncompliance

The new rules, set to come into effect on April 15, have prompted a conversation over how DFS will approach their enforcement.
5 minute read

The American Lawyer

Revenue Flattens at Dechert, But Firm Sees 'Turnaround' in Interest Rate-Sensitive Practices

"The last three years, when you look at them as a whole, were the best three years we've ever had," said co-chair David Forti.
6 minute read

New York Law Journal

'Came Back to Haunt Him': White-Collar Lawyers Address Bankman-Fried's 25-Year Sentence

U.S. District Judge Lewis Kaplan noted the ex-crypto entrepreneur's "exceptonally privileged background" in meting out his sentence.
4 minute read

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