NEXT
Sign in to follow

Litigation Daily

Shout-Out: Skadden Scores for Viacom Directors Who Kept Paying Ailing Redstone Millions

Viacom directors who greenlighted $13 million in compensation to the company's nonagenarian chairman Sumner Redstone dodged a shareholder suit, thanks to a team from Skadden.
14 minute read

The Recorder

Software Startup Zenefits Settles SEC's Investor-Deception Claims

San Francisco-based startup Zenefits will pay $450,000 to settle federal claims that company leaders falsely told investors that employees were licensed to sell insurance.
4 minute read

National Law Journal

SEC's Whistleblower Chief Says Companies Heed Call Not to Silence Tipsters

Jane Norberg, the head of the SEC's whistleblower office, said the corporate world is getting the hint and not using severance agreements to stifle would-be tipsters. “The good news is that I have seen some improvement in this area,” Norberg said Thursday at a securities conference in Washington. The “message is out there” that severance agreements cannot include terms preventing employees from contacting regulators, she added.
4 minute read

New York Law Journal

Market Claims Fund Managers Trying to 'Steal' Exchange-Traded Funds

NASDAQ, the world's second-largest stock exchange, filed suit in the U.S. District Court for the Southern District of New York Thursday against a New Jersey fund management company, claiming it is attempting to steal a number of multimillion-dollar exchange-traded funds in its care.
3 minute read

Daily Business Review

Deutsche Bank Reaches $220M LIBOR Settlement With Florida, Other States

 Deutsche Bank has agreed to a $220 million, 45-state settlement over its role in the manipulation of the benchmark London Interbank Offered…
3 minute read

New York Law Journal

Second Circuit Won't Review Broker's Lifetime Bar From FINRA Firms

The U.S. Court of Appeals for the Second Circuit declined Wednesday to review a decision by the U.S. Securities and Exchange Commission to uphold the lifetime barring of former broker Talman Harris from the financial industry.
6 minute read

Corporate Counsel

What Does 'Reasonable' Mean Under the SEC's New Pay Ratio Disclosure Rules?

U.S. public companies, other than emerging growth and smaller reporting companies, are tackling their first pay ratio disclosures.
7 minute read

New York Law Journal

Financial Adviser Accused of Stealing Millions From New Jersey Foundation

A Train, Babcock Advisors investment adviser was charged Thursday by the U.S. Securities and Exchange Commission with allegedly stealing more than $9 million from the Kurr Foundation.
5 minute read

New York Law Journal

Investors Like the Way They Look After Men's Wearhouse Securities Dismissal Upheld

The U.S. Court of Appeals for the Second Circuit affirmed a district court dismissal of a securities suit against investors in Men's Wearhouse Inc. for allegedly making short-swing trades ahead of the reorganization of the men's retailer under a holding company.
7 minute read

New York Law Journal

Hogan Lovells Beefs Up Securities Group in NY

Picking up three former Bracewell lawyers, Hogan Lovells has expanded its securities litigation group in New York.
20 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.

Resources

  • AI-Powered Deposition and Medical Record Summaries: Low Risk, High Reward

    Brought to you by Parrot

    Download Now

  • Aligning Client Needs with Lawyer Growth and Profitability

    Brought to you by BigHand

    Download Now

  • Technology to Make E-Discovery Smarter, Not Harder

    Brought to you by Nuix

    Download Now

  • Does Generative AI Have the Power to Transform Legal Services?

    Brought to you by HaystackID

    Download Now