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Litigation Daily

A Big Law Prognosis for FCPA, IP and White-Collar Enforcement Under Trump

Don't expect a lot of record-setting penalties or “first-ever” prosecutions coming out of the Trump administration—but litigators who specialize in False Claims Act and IP cases should stay busy.
12 minute read

New York Law Journal

In Re Idreamsky Technology Ltd. Securities Litigation

By | February 28, 2017
Bulk of Claims Against Game Firm Survive; Allegations Support Strong Scienter Inference
3 minute read

The Legal Intelligencer

Gewirtz v. Opko Health, Inc., PICS Case No. 17-0262 (E.D. Pa. Feb. 2, 2017) Rufe, J. (10 pages).

By | February 24, 2017
Plaintiffs breach of fiduciary duty claim for failure to honor stock options they inherited failed because they did not explain any breach of duty to current stockholders but their claims to enforce their alleged contractual rights to exercise the stock options survived defendants' motion to dismiss because SEC form S-8 could not be considered for the truth of its content on a motion to dismiss. Motion to dismiss granted in part and denied in part and leave to file an amended complaint granted.
6 minute read

New York Law Journal

After a Decade of Self-Exile in Africa, Former CEO to Serve Prison Term

Ten years on the run in Namibia to avoid charges for his role in a stock options backdating scheme will cost Jacob "Kobi" Alexander 30 months in prison.
7 minute read

The Recorder

FTC Report Highlights Privacy Concerns for Cross-Device Tracking

On Jan. 23, the Federal Trade Commission (FTC) released a staff report (the report) on cross-device tracking, a commonly used practice that allows companies to associate multiple internet-based devices with the same consumer in order to track behavior across devices.
11 minute read

New York Law Journal

Soueidan v. Breeze-Eastern Corp.

By | February 22, 2017
Firm's Opinion Statements Did Not Render SEC Schedule 14D-9 Statements Misleading
3 minute read

New York Law Journal

Nguyen v. Maxpoint Interactive, Inc.

By | February 22, 2017
Information Omitted From IPO Registration Statement Cannot Form Basis for §11 Liability
3 minute read

New York Law Journal

Attorney for Benjamin Wey Argues for Dismissal, Citing Search

The lawyer for accused stock scammer Benjamin Wey argued a hot issue Friday, saying the case should be dismissed because agents held onto seized computer files for over three years—and then launched a second search without a warrant.
6 minute read

The Recorder

Neil Gorsuch Once Decried the Ever-Increasing Number of Criminal Laws

Neil Gorsuch, standing before an audience of conservative lawyers in Washington several years ago, decried the thousands of federal criminal statutes on the books. "And the spigot keeps pouring, with hundreds of new statutory crimes inked every few years," Gorsuch, now President Trump's Supreme Court nominee, said then. Gorsuch's confirmation would bring some comfort to the white-collar defense bar and business advocates.
14 minute read

Litigation Daily

War Stories: David Boies on the Long Fight—and 'Maddening' Finale—in Defending Hank Greenberg

In an interview by phone from a sailboat in the Caribbean, David Boies tells the story of how he whittled down the epic litigation against ex-AIG CEO Hank Greenberg, why the case finally settled after 12 years of fighting and what he thinks of New York AG Eric Schneiderman's attempt to spin the settlement.
32 minute read

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