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New York Law Journal

SEC Shutters Israel-Based Shell Company 'Factory'

Three Israelis, along with a U.S.-based accounting firm and attorney, agreed to a settlement and disgorgements totaling nearly $2 million.
3 minute read

Daily Report Online

SEC Accuses Alpharetta Man of Defrauding Investors of $2.4 Million

The SEC says Timothy Batchelor used more than $1 million of investor funds for personal expenses, including student loans, university courses and new vehicles.
3 minute read

New Jersey Law Journal

Dechert Report Finds Robust Growth in NJ Securities Class Actions

The volume of securities fraud suits against life sciences companies set a nationwide record in 2017, and New Jersey is emerging as a leading venue for such cases, according to a report issued by Dechert.
5 minute read

The Recorder

Crypto-Funds and Their Advisers Will Be a Focus of the SEC in 2018

Despite the recent downswing in cryptocurrency markets, investor interest has not waned. An increasing number of investment funds is emerging that focus on cryptocurrencies including tokens from Initial Coin Offerings or ICOs.
6 minute read

Delaware Business Court Insider

Koch Can't Block Forced Sale of His Energy Company, Laster Rules

The Delaware Court of Chancery on Monday ruled that billionaire William I. Koch could not block a private equity firm from forcing the sale of his Oxbow Carbon energy company, finding gaps in the LLC agreement were being used to scuttle members' attempts to force an exit sale.
5 minute read

New York Law Journal

Xerox Investor Calls Fuji Deal a Fraud 17 Years in the Making

A "crown jewel" lock-up right to Xerox's assets in the Asia-Pacific market effectively blocks any chance of a transparent and fair sale process, according to Deason Capital Services' president.
4 minute read

The Legal Intelligencer

Tax Cuts and Jobs Act: What Estate Planners Need to Discuss With Their Clients

The largest tax reform in over three decades has now been signed into law. The Tax Cuts and Jobs Act (act) became law on Dec. 22, 2017, and will have wide-ranging implications for many industries. This article will address some of the possible estate planning possibilities.
8 minute read

New Jersey Law Journal

Shareholder Suit Targets Johnson & Johnson Disclosures on Asbestos in Talc

The company artificially inflated its stock price by failing to disclose what it knew about links between cancer and Johnson's Baby Powder, according to the suit.
4 minute read

New York Law Journal

Do Stock Drops Over Securities Fraud Suits Now Count as Securities Fraud Damages?

The Second Circuit's decision in 'Waggoner v. Barclays' has garnered attention for its rulings on the requirements for showing and rebutting market efficiency and the related presumption of reliance in class actions brought under §10(b) of the 1934 Securities Exchange Act. Less noticed—but no less important—is the court's discussion of the damages that the certified class might recover.
10 minute read

The Legal Intelligencer

TCJA Expected to Trigger Increases in Interest Rates on Outstanding Tax-Exempt Borrowings

On Dec. 20, 2017, Congress passed the Tax Cuts and Jobs Act (TCJA), the purpose of which was to stimulate economic growth through a major overhaul of the Internal Revenue Code.
7 minute read

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