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Legaltech News

Even After SEC Guidance, Compliance Blind Spot Remains for Cryptocurrency Trading

Given the nature of token and cryptocurrency trades, investment advisors may run afoul of SEC rules concerning employees' personal trades.
4 minute read

Legaltech News

Lawyers Discuss 'What's Next' After China Shuts Down Cryptocurrency Exchange

'Many industry people believe the government's ban will effectively extinguish the hope that China becomes a global center of cryptocurrency,' attorney Pinghsan Li said.
5 minute read

New York Law Journal

Whispers and Secrets: Confidential Witnesses in Securities Litigation

In his Corporate Securities column, John C. Coffee Jr. writes: At present, the circuits are divided in their tolerance for unidentified "confidential witnesses." In this light, what can or should be done with respect to the use of confidential witnesses?
30 minute read

The Recorder

3 Securities Cases to Watch at the Supreme Court This Term

Three significant securities law decisions highlight the new Supreme Court session, which will be the first complete term for Justice Neil Gorsuch.
25 minute read

New York Law Journal

Investors Jumping Into Legal Fray Over Equifax Data Breach

Among the lawsuits piling up against Equifax Inc. stemming from the massive data breach that put approximately 143 million consumers' data at risk are proposed class actions filed by investors who said the credit reporting agency broke securities laws.
12 minute read

New York Law Journal

Barclays Prevails in Mortgage Crisis-Related Class Suit

U.S. District Judge Paul Crotty has, over the eight-year life span of a securities suit against Barclays, continued to whittle down the claimants and claims against the bank. On Wednesday, he succeeded in getting rid of the last one.
20 minute read

New Jersey Law Journal

Former Valeant Executive Denied Reconsideration in Securities Fraud Suit

The former head of Valeant Pharmaceuticals International Inc.' s dermatology division was unable to convince a court to end a class action lawsuit accusing the generic drugmaker and its executives of engaging in a massive scheme to fraudulently inflate the company's stock prices.
4 minute read

New York Law Journal

ECD Investor Group v. Credit Suisse International

Declaration Stricken Where Declarant Failed To Adequately State Basis for Knowledge
3 minute read

New York Law Journal

Former Deutsche Subprime Securities Head Charged

Federal prosecutors announced fraud charges late Monday against the former head of Deutsche Bank's subprime trading unit, accusing him of knowingly selling $1.4 billion worth of real estate-backed securities backed by problematic loans.
5 minute read

Litigation Daily

Litigator of the Week: A Slap on the Wrist? More like the Tap of a Feather

It was an offer his client couldn't refuse.That's how Fried, Frank, Harris, Shriver & Jacobson partner Steven Witzel described the deal offered by the U.S. Securities and Exchange Commission to William Tirrell, a former top executive at Bank of America and its wholly owned broker-dealer Merrill Lynch.
22 minute read

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