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Litigation Daily

With Crypto, COVID and SPAC Claims on the Wane, What Had Securities Class Action Filings Ticking Up in 2023?

Quick hint: Look back at the financial headlines from early in the year.
4 minute read

New Jersey Law Journal

Clogged Up: Lawsuits Are Flying Against Johnson & Johnson Over Decongestant

On Sept. 12, 2023, the FDA issued a report on phenylephrine, saying that there were no safety issues found with its use as a decongestant but there were also no benefits, the suit said.
3 minute read

The Legal Intelligencer

Cybersecurity Lessons and Practical Tips to Implement Them

Implementation of practices has become especially crucial considering the newly required cybersecurity incident reporting and cybersecurity risk management and governance disclosure for public companies passed by the SEC last year.
7 minute read

Law.com

'The Lord Told Us To:' Colorado Pastor Accused of Defrauding Millions in Cryptocurrency Scheme

"Out of the $1.3 [million], half a million dollars went to the IRS, and a few hundred thousand dollars went to a home remodel the Lord told us to do," defendant Eligio (Eli) Regalado, a paster at Victorious Grace Church, said in a video.
6 minute read

National Law Journal

SEC Adopts Stringent Disclosure Rules on Special Purpose Acquisition Companies

"Just because a company uses an alternative method to go public does not mean that its investors are any less deserving of time-tested investor protections," SEC Chair Gary Gensler said.
3 minute read

National Law Journal

From the Bench to Plaintiffs Bar: Why This Judge Switched Gears to Rep Investors in Fraud Cases

"My heart from the beginning of my career has always been on the plaintiff side," said former U.S. Magistrate Judge Sam Sheldon.
5 minute read

National Law Journal

SEC Chief Gensler Warns of 'AI Washing' and Potential Conflicts of Interest

"If you're putting the robo adviser's interest ahead of the broker dealer's interest ahead of the investor, therein lies a conflict" Gary Gensler said.
3 minute read

New York Law Journal

When Do Omissions Create Private Liability? The Supreme Court Ponders

On Jan. 16, 2024, the Supreme Court heard 'MacQuarie Infrastructure Corp. v. Moab Partners L.P.', which will presumably resolve a circuit split. The question before the court is whether the Second Circuit erred in holding "that a failure to make a disclosure required under Item 303 of SEC Regulation S-K can support a private claim under §10(b) of the Exchange Act, even in the absence of an otherwise misleading statement."
10 minute read

Connecticut Law Tribune

2nd Shareholder Lawsuit Filed Against Biotech Company

The principal investigator allegedly did not follow U.S. Food and Drug Administration rules and regulations due to "mounting pressure to fast track [the drug] to market under exigent circumstances to meet artificial milestones set by BioXcel's biggest lenders Oaktree Capital Management, L.P. and Qatar Investment Authority," the complaint said.
3 minute read

National Law Journal

SEC Approves Bitcoin Listing, Trading After Appeals Court Defeat

Amid approval, SEC Chair Gary Gensler warns that "investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto."
4 minute read

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