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New York Law Journal

Ex-Arent Fox Partner's Info Leads to Insider Trading Plea

Former Long Island investment adviser Tibor Klein, who pleaded guilty Tuesday to a single count of conspiracy to commit securities fraud, was accused of using information obtained from his client and friend, former Arent Fox partner Robert Schulman, about the $3.6 billion merger of Pfizer Inc. and King Pharmaceuticals.
2 minute read

Daily Business Review

Greenberg Traurig Represents Medical Tech Company in $280M Deal

A team of Greenberg Traurig lawyers helped pave the path for a Pennsylvania medical technology company's $280 million acquisition of a Swiss public company.
4 minute read

New York Law Journal

As Trial Nears End, Brafman Says Shkreli Won't Testify

The securities fraud trial for pharmaceutical executive Martin Shkreli, now in its fifth week, is grinding to its conclusion.
2 minute read

New York Law Journal

Petrobras Seeks Circuit Review of Decision on Class Status

Attorneys for Brazilian energy giant Petrobras are asking the U.S. Court of Appeals for the Sec-ond Circuit to reconsider its order that would largely have allowed the class action suit against it to proceed.
4 minute read

Corporate Counsel

Sarbanes-Oxley's Legacy for Corporate Counsel

On the 15th anniversary of the Sarbanes-Oxley Act, enacted July 30, 2002, in-house counsel should pause to reflect on how the on-going legacy of that seminal law continues to impact the role of the general counsel, lawyers' professional responsibilities, and the relationship of corporate counsel to governance.
10 minute read

New York Law Journal

SEC Disgorgement: Is It Insurable?

In their Corporate Insurance Law column, Howard Epstein and Theodore Keyes discuss 'Kokesh v. SEC,' where the U.S. Supreme Court held that the SEC's use of disgorgement of profits as a remedy in an enforcement action constitutes a penalty that is subject to the federal five-year statute of limitations. They write: The question at issue for the Kokesh court was whether SEC disgorgement is a penalty. The question for the insurance community is whether it is insurable. The question for us is whether these two issues may overlap.
11 minute read

Litigation Daily

Shout-Out: Sullivan and Cromwell—and Bob Giuffra—Strike Again

Facing firepower from a top securities class action firm, Sullivan and Cromwell partners Robert Giuffra Jr. and Matthew Schwartz on Thursday racked up a win on behalf of department store Kohl's Corp. and two of its executives in Wisconsin federal court.
2 minute read

New York Law Journal

SDNY Drops Charges in 'London Whale' Case

The Southern District U.S. Attorney's Office has moved to drop charges against two former JPMorgan Chase & Co. traders in the "London Whale" over concerns about testimony from the whale himself, Bruno Iksil.
2 minute read

National Law Journal

SEC Whistleblowers in Line for Windfall, and FTC Probes Amazon: Roundup

The Trump administration is touting the number of federal regulations that are on the chopping block. Exxon Mobil Corp.'s suing the U.S. Treasury Department over a $2 million fine for violating Russia sanctions. The Federal Trade Commission's looking at Amazon.com's discounting practices. And financial regulators appear to be pulling back on a plan to restrict Wall Street bonuses. This is a weekly roundup from ALM and around the web.
5 minute read

New Jersey Law Journal

NJ Couple to Pay $2.1 Million in Securities Fraud Case

A Tinton Falls couple who own two investment companies will pay $2.1 million to settle claims filed by the New Jersey Attorney General's Office for violating state securities laws.
7 minute read

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