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National Law Journal

Jay Clayton, SEC Chair Nominee, Pulled in $7M From Sullivan & Cromwell Last Year

Benefitting from a client roster that includes big banks, British Airways and Volkswagen AG, longtime Sullivan & Cromwell partner Jay Clayton raked in $7.6 million in the year leading up to his nomination to lead the U.S. Securities and Exchange Commission.
20 minute read

New York Law Journal

Rajaratnam v. USA

By | March 09, 2017
Hedge Fund Operator Denied Sentence Vacatur, $53.8 Million Forfeiture Order's Reduction
3 minute read

The Recorder

Somers v. Digital Realty Trust Inc.

By | March 08, 2017
3 minute read

New York Law Journal

Morrison v. Eminence Capital, LLC

By | March 08, 2017
Short-Swing Profits Suit Dismissed; Plaintiff Not Shareholder of 'Issuer' When Suit Brought
3 minute read

Daily Business Review

Oscars Debacle Hovers Over Trial Between PwC and MF Global

Jury selection in the trial between MF Global, the brokerage house run by former New Jersey Gov. Jon Corzine, and the lauded accounting firm PwC began Monday.
8 minute read

New York Law Journal

Moody's Whistleblower Won't See Cut of $864M Settlement

Lawyers for Ilya Eric Kolchinsky are considering an appeal to the Thursday decision from Southern District Judge Wiliam Pauley.
8 minute read

New York Law Journal

Market Forces, Not Adviser, to Blame for Losses, Appeals Court Says

Market forces—and not an investment adviser—were to blame for the loss of millions that two Australian hedge funds invested in risky residential mortgage-backed securities prior to the 2007-08 market collapse, a New York state appeals court ruled, tossing a lawsuit seeking damages for fraud.
7 minute read

Litigation Daily

Litigators of the Week: Knocking Out the Last of the Enron Suits

Some wins take time. Sullivan & Cromwell partners Robert Giuffra Jr. and Brendan Cullen know that for sure--it took them almost 15 years to win dismissal of a would-be class action against UBS stemming from Enron's collapse.
8 minute read

Texas Lawyer

Judge Extinguishes SEC Case Against Texas AG

U.S. District Judge Amos Mazzant wrote that Ken Paxton had no "plausible legal duty" to disclose his commission arrangements to investors who bought shares in a tech startup.
6 minute read

The Legal Intelligencer

2017 Sees Uptick in Biotech/Pharma Securities Class Actions

As Cornerstone Research ­reported earlier this year in "Securities Class Action Filings: 2016 Year in Review," attorneys ­representing shareholder plaintiffs filed 270 securities class actions in 2016, which is a 44 percent increase from both the 188 actions filed in 2015 and the historical yearly average of 188 filings during the 1997 to 2015 time period.
13 minute read

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