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Daily Business Review

Cryptocurrency Startup Centra Faces Class Action Over $30M Coin Offering

Miami-based Centra Tech has advertised itself as building debit-card system for cryptocurrency and drawn endorsements from the boxer Floyd Mayweather. But a new suit alleges its fundraiser violated federal securities law.
3 minute read

The American Lawyer

Bernstein Litowitz Finds Role for Investors in Fight Against Sexual Harassment

Can the threat of investor litigation solve sexual harassment problems in the corporate world?
26 minute read

New York Law Journal

Rebuttal of the Fraud on the Market Presumption of Reliance

Corporate Litigation columnists Joseph M. McLaughlin and Shannon K. McGovern write: Last month, the U.S. Court of Appeals for the Second Circuit held as a matter of first impression in this circuit that direct evidence of price impact is not always necessary to demonstrate market efficiency (as required to invoke the 'Basic' presumption), and a defendant's rebuttal burden is one of persuasion (not production), and defendant must show the absence of price impact by a preponderance of the evidence.
30 minute read

Corporate Counsel

The SEC's Cyber Unit: Friend or Foe to Registered Entities?

In recent years, the Securities and Exchange Commission (SEC) has prioritized the regulation, monitoring, and enforcement of cybersecurity activities. On Sept, 25, the SEC reinforced its commitment to cybersecurity when the Enforcement Division announced the formation of a “Cyber Unit” that will target cyber-related misconduct affecting the securities markets.
8 minute read

The Recorder

SEC Gives New Clues in Munchee ICO Action

The commission underscored that how coin offerings are marketed matters, and that “utility tokens” aren't necessarily outside its purview.
6 minute read

Daily Business Review

Carlton Fields Team Goes 4 Rounds to Defeat Shareholder Class

The legal team defeats a proposed shareholder class action on behalf of Knology Inc., which successfully pursued a $1.5 billion merger.
2 minute read

Daily Business Review

Jay Peak Receiver's Team Negotiates $150M Settlement With Raymond James

Attorneys at three South Florida law firms combine to extract a record-setting EB-5 fraud settlement in the case of a Vermont ski resort.
5 minute read

New York Law Journal

Beefing Up Focus on Brokers, SEC Charges Two for Commission Hiking

The traders allegedly conducted in-and-out trades that drove up fees and commissions, but resulted a drain on their customers' accounts.
5 minute read

Daily Business Review

Zinn Joins Bressler Amery as Financial Regulatory Principal in Fort Lauderdale

Kerry Zinn joins the firm as a principal focusing on financial crime compliance and regulatory enforcement.
4 minute read

The American Lawyer

Labaton Sucharow Names Securities Litigator to Serve as Firm Co-Chairman

Beginning in 2018, Christopher Keller will share leadership of the firm with longtime chairman Lawrence Sucharow.
10 minute read

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