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New York Law Journal

Gatekeepers Beware: SEC Escalates Danger for ICO Counsel

In his Corporate Crime column, William F. Johnson writes: The SEC has left no doubt that it is focused on ICOs used to raise capital, and particularly on the lawyers who provide advice on securities law issues attendant to these offerings.
11 minute read

Delaware Law Weekly

Google Infringement Suit Expands Fight Over 'Siri' Digital Assistant Patents

A Canadian intellectual property licensing company on Monday accused Google in Delaware federal court of infringing the technology that underpins Siri.
4 minute read

New York Law Journal

Court Declines to Extend Absolute Immunity in Claims Against Stock Exchanges

In their Second Circuit Review, Martin Flumenbaum and Brad S. Karp discuss 'City of Providence, Rhode Island v. BATS Global Markets', in which the court made clear that the absolute immunity stock exchanges enjoy does not extend to activities such as selling products like proprietary data feeds and co-location services to their members.
7 minute read

New York Law Journal

Schwab Plaintiffs See Libor Suit Revived by Second Circuit

The Second Circuit revived claims made by an umbrella group of Charles Schwab subsidiaries against the banks alleged to have manipulated the benchmark London Interbank Offered Rate to their advantage in the wake of the global financial crisis.
4 minute read

New York Law Journal

Shkreli Fighting to Defend $7.3M From Forfeiture in Stock Fraud Case

Former pharmaceutical executive Martin Shkreli lost his bid on Friday to vacate one of his three felony securities fraud convictions while his legal team presented arguments to push back against the government's efforts to seize more than $7.3 million of Shkreli's assets.
4 minute read

Delaware Business Court Insider

Del. Supreme Court Limits Stockholder Ratification of Director Compensation

Over the past several years, the Delaware Court of Chancery has applied the stockholder ratification defense in challenges to director compensation awards made pursuant to stockholder approved equity incentive plans (EIPs).
6 minute read

New York Law Journal

NY Top Court Affirms Appellate Decision for Noteholders in Hellas Suit

An indenture trustee for a Hellas Telecommunication noteholders seeking roughly $565 million over defaulted bonds can bring lawsuits against two private equity firms accused of fraudulently transferring the proceeds from the indenture, New York's highest court has ruled.
5 minute read

National Law Journal

'The SEC Has a Big Problem Now' After Broad Whistleblower Protections Curbed

“They've been encouraging people to report internally. Now they have to think twice about that because they're essentially encouraging people to report internally and go into harm's way.”
7 minute read

The Recorder

SEC's Expanded Cybersecurity Guidance Focuses on Insider Trading, Internal Controls

The document released Wednesday is the first guidance to be issued on cybersecurity disclosure by SEC commissioners, and comes six years after the agency's staff issued a more limited guidance in 2011.
4 minute read

The Legal Intelligencer

Don't Minimize the Importance of Conflicts of Interest Policies for Your Nonprofit Board

The overwhelming majority of business leaders and philanthropically inclined citizens who join nonprofit boards have the best of intentions.
6 minute read

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