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Corporate Counsel

How Significant Are SEC's Rule Changes for IPOs on Confidentiality?

As of July 10, companies weighing an initial public offering can opt to keep certain information confidential until closer to their trading debut.
12 minute read

New York Law Journal

Class Status Overturned in Suit Against Oil Company

The district judge presiding over a proposed securities fraud class action suit against Brazilian petroleum giant Petrobras should have taken a closer look at the types of stock purchases the plaintiffs made before class certification, an appeals court has ruled.
13 minute read

New York Law Journal

Ex-Broker Gets 18 Months for Securities Fraud Scheme

Gerald Cocuzzo pleaded guilty to a single count of securities fraud after prosecutors alleged he was part of a scheme to defraud investors in the LED lighting company ForceField by controlling the price and volume of its shares.
2 minute read

National Law Journal

Is the CEO Pay Disclosure Rule Still Alive? And: SEC Takes On 'Fake News'

CEOs are getting antsy about complying with an SEC rule that would expose compensation divides at companies. The SEC recently took on a "fake news" scheme. Federal trade regulators this week adopted an indemnity policy to protect its employees who get sued. And the Consumer Financial Protection Bureau's taking heat from an unlikely source: the National Credit Union Administration. This is a roundup of regulatory and compliance news from ALM and around the web.
4 minute read

The Legal Intelligencer

Gehris Family Trust v. Bowlorama, Inc., et al, PICS Case No. 17-0991 (C.P. Berks June 8, 2017) Sprecher, J. (5 pages).

The plaintiffs, minority shareholders in the defendant business, had knowledge of every shareholder meeting and participated in every vote; thus, their rights were not violated when the majority shareholders voted to sell corporate assets and they had no grounds to stop the sale. The court recommended affirmance of its order denying plaintiffs relief.
3 minute read

New York Law Journal

Q&A With Sean M. Murphy

The first case on which Milbank, Tweed, Hadley & McCloy partner Sean Murphy was assigned right out of law school in the mid-1990s was in the somewhat unique securities litigation world created by the Investment Company Act of 1940. The beginnings were auspicious, as Murphy has become a leading litigator in the area, helping to make Milbank arguably the top firm to handle investor suits against investment advisers under the even more specific Section 36, which governs fiduciary duties.
8 minute read

New York Law Journal

Specificity Matters: Judge Tosses Deutsche Securities Suit Over Deficient Complaint

Southern District Judge Analisa Torres threw out a class action suit against Deutsche Bank, saying the complaint contained allegations "without any indication of what, specifically, plaintiffs allege to be false or misleading."
8 minute read

The American Lawyer

Labaton Sucharow Continues Its Expansion With 4 New Hires

Labaton Sucharow has hired four new lawyers in its securities litigation practice, adding one in its New York office and three others who will beef up the firm's recently launched Washington, D.C., outpost.
10 minute read

National Law Journal

Deutsche Bank Resists Push for Trump Records, and OSHA Rule Delayed Again: Roundup

Deutsche Bank's lawyers at Akin Gump Strauss Hauer & Feld are refusing Democratic lawmakers' demands for Donald Trump's financing records. Dechert partner Steven Bradbury, up for U.S. Transportation general counsel, takes heat over Takata. The U.S. Supreme Court agrees to hear a dispute about Dodd-Frank whistleblower protection. And OSHA's extending the delay on an Obama-era data-reporting rule. This is a regulatory roundup from ALM and around the web.
13 minute read

Daily Report Online

King & Spalding

King & Spalding's 2016 litigation successes included products liability cases, general commercial disputes, environmental litigation and multistate consumer data privacy class actions.
4 minute read

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