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National Law Journal

SEC's Busy Week Sends Wave of Work to Big Law

Wilmer, Sidley, King & Spalding, Skadden and many others in Big Law are advising corporate insiders, companies, financial firms and others caught up in the SEC's latest enforcement actions.
3 minute read

Texas Lawyer

$7.8M Texas Ponzi: SEC Wants Injunction Against Alleged Oil and Gas Scheme

"Bailey misappropriated nearly $4.1 million for personal expenses and additionally misused over $900,000 for unauthorized purposes, including nearly $670,000 of undisclosed Ponzi-like payments to other investors," the SEC complaint alleges.
4 minute read

New York Law Journal

Crypto, the SEC and a Tale of Two Judges

What if you had been waiting years to get judicial clarity on a legal issue, only to receive contradictory rulings from two different judges in the same court just weeks apart? This ironic outcome is what befell the crypto industry in two high-profile challenges to SEC enforcement actions regarding sales of crypto tokens.
22 minute read

The American Lawyer

Greenberg Traurig Continues Expanding in Fast-Growing Phoenix With 2 More Former DLA Piper Litigators

"The population growth alone is going to sustain a lot more development for a period of time," said Greenberg Traurig's co-managing shareholder of the Phoenix office, Nicole Goodwin.
3 minute read

Connecticut Law Tribune

Teva Faces New Class Action—But Could It Afford Another Settlement?

"It was Teva's marketing—and not any medical breakthrough—that rationalized prescribing opioids for chronic pain and opened the floodgates of opioid use and abuse," the complaint alleged. "The result has been catastrophic."
3 minute read

New York Law Journal

US Judge Allows EV Startup Canoo to Advance Lawsuit Against Investor

Canoo is represented by Kirkland & Ellis partner Aaron Marks, who argued in an amended complaint filed in September 2022 that DD Global owed disgorgement of $61 million in short-swing profits from transactions in 2021 and 2022.
3 minute read

New York Law Journal

The Next Big Case in the Crypto Wars

In his Corporate Securities column, Professor John Coffee discusses how in two SDNY decisions, each decided in July 2023, two respected judges have disagreed as to whether certain cryptocurrency instruments amount to securities.
9 minute read

The Legal Intelligencer

Pay Versus Performance Disclosures: A First-Year Recap

The new disclosure rule, referred to as "pay versus performance" added a wrinkle for companies in advance of the 2023 proxy season. A year has passed since the new disclosure rule was adopted. It is time to take a look back at the first foray into pay versus performance disclosures with an eye to considerations for disclosures in the coming year.
10 minute read

New Jersey Law Journal

SPAC Controller Pleads Guilty to Insider Trading Amid Civil Suit

The charging document says Robert Del Prete must forfeit to the United States all property derived from the proceeds traceable to his commission of the offense.
3 minute read

New Jersey Law Journal

Gibbons Tapped to Defend Against Securities Suit Alleging Ponzi Scheme

This suit was surfaced by Law.com Radar. Read the document here.
1 minute read

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