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The Recorder

Twitter Can't Shake Securities Suit Over Daily User Metrics

SAN FRANCISCO—Twitter Inc. has missed on an early attempt to knock out claims that it misled investors about the growth of its daily user base during…
3 minute read

Delaware Business Court Insider

Vice Chancellor Slams Lawyers for 'Gamesmanship' in Board Dispute

A Delaware Court of Chancery judge on Oct. 13 criticized Abrams & Bayliss attorneys for pulling an about-face in a corporate dispute over the composition of the Roma Restaurant Holdings board.
10 minute read

Daily Report Online

Walter Jospin to Step Down as SEC's Regional Director

The SEC's Southeast regional director is stepping down but will remain at his post until his successor is selected.
10 minute read

Litigation Daily

Litigator of the Week: A $1.74B Payout in a Monster of a Case

Representing Lehman Brothers and its creditors committee, Quinn Emanuel Urquhart & Sullivan partner Andrew Rossman led a team in securing a $1.74 billion settlement from Citigroup.
16 minute read

Daily Report Online

Roswell Lawyer Sued by SEC for Alleged Role in Investment Ponzi Scheme

The Securities and Exchange Commission on Thursday sued Roswell attorney Marc A. Celello, accusing him of knowingly participating in a massive Ponzi scheme while serving as general counsel for multiple limited liability corporations owned and operated by James Torchia, long a target of the SEC.
5 minute read

New York Law Journal

SEC Alleges Brokers Ran Up Fees on Bogus Trades

Three brokers with the financial firm Alexander Capital are accused by the U.S. Securities and Exchange Commission of making bad recommendations to clients that led to losses for customers but large commissions for the brokers.
2 minute read

New York Law Journal

Deutsche Bank Agrees to $190M Preliminary Settlement in Foreign Exchange Suit

Deutsche Bank has agreed to a preliminary settlement of $190 million in a class action suit over foreign exchange rate price fixing allegations against some of the world's biggest financial institutions.
2 minute read

National Law Journal

DC Circuit Vacates Brokers SEC Punishments, But Not Liability

The U.S. Court of Appeals for the D.C. Circuit upheld the SEC's finding that a broker violated securities laws, but remanded the case to the agency for reconsideration of the penalties.
5 minute read

Litigation Daily

Who Needs Prep Time? This Litigator of the Week Stepped In Last Minute for Huge Win Against SEC

When Randy Mastro met Lynn Tilton, the "Diva of Distressed" was facing the biggest SEC administrative case of all time--and her trial date was six weeks away. Mastro and his team from Gibson, Dunn & Crutcher defied the odds to win complete vindication.
5 minute read

New York Law Journal

Pauley Slims Down Commerzbank RMBS Trustee Suit Against BoA, US Bank

U.S. District Judge William Pauley III of the Southern District of New York winnowed down claims Wednesday against U.S. Bank and Bank of America in…
11 minute read

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