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The Recorder

Coinbase Hit With New Securities Class Action Amid Battle With SEC

A proposed class action, filed by Rosen Law Firm, accuses the crypto exchange company Coinbase of selling unregistered digital asset securities on its platform and failing to register the company as a broker-dealer with the SEC and state regulators.
3 minute read

National Law Journal

5th Circuit Strikes Down SEC's Private Fund Advisers Rule

The U.S. Securities and Exchange Commission exceeded its statutory authority, the appeals court says.
3 minute read

New York Law Journal

SDNY Judge Grants Skadden Client Coty Inc.'s Motion to Dismiss Shareholder Lawsuit

Skadden, Arps, Slate, Meagher & Flom partners Scott Musoff, Lauren Aguiar and Paul Lockwood represent the defendants, Coty Inc., whose brands include Covergirl, Philosophy and Sally Hansen, and its board of directors.
3 minute read

The Recorder

California EV Maker Rivian Accused of Securities Fraud in New Class Action

The complaint, filed on Friday in the Central District of California, claims that Rivian made "materially false and misleading statements."
3 minute read

Corporate Counsel

Feds Using Data Analytics to Turbocharge Insider Trading Enforcement

"There are very powerful tools out there that the government is using, and they're clearly going to get better and better," said Shannon Eagan, a partner at Cooley.
5 minute read

Texas Lawyer

Insurers Rally to Challenge Regulator: DoL Fiduciary Rule on Retirement Plans Opposed

The complaint alleges the new 2023 rule is repeating the errors of the Labor Department's 2016 failed rule.
4 minute read

The Legal Intelligencer

'No Better Than a Racket'—Seventh Circuit Critical of Mootness Fees for Merger Disclosures

Judge Frank Easterbrook, disenchanted with the current "federal practice" of plaintiffs attorneys extorting fees in disclosure cases without conferring a meaningful benefit on stockholders, penned the opinion for a two-judge panel rejecting such fee agreements and empowering shareholders and federal courts alike to scrutinize these fees going forward.
6 minute read

New York Law Journal

'Envy of the World': Equity Markets and the Compelling Need for Robust Disclosure Under Regulation S-K

An overview of why checks and balances of the courts, as well as SEC enforcement, are critical to maintaining disclosures that are needed to maintain the strength of the U.S. markets.
6 minute read

Litigation Daily

How One of the World's Largest Institutional Investors Approaches Litigation

Beata Gocyk-Farber, the lead litigation counsel for Norges Bank Investment Management, spoke about the Norwegian pension fund's "cautious but assertive" approach to securities litigation.
6 minute read

The Recorder

Collectible Maker Funko Wins Motion to Dismiss Securities Class Action

Funko's forward-looking statements fell under a "safe harbor" provision and were therefore not actionable as securities fraud, a Seattle federal judge said. The decision was a win for a team from Latham & Watkins.
3 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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