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National Law Journal

SEC's Supply Chain Climate Disclosure Proposal May Be Tweaked, Securities Attorneys Say

Opposition focuses on difficulty and expense of compliance, lawyers say in predicting litigation if proposal is promulgated.
4 minute read

Connecticut Law Tribune

Ex-Cigna Employee Pays $33,000 to Settle Insider-Trading Charges

When Cigna released its second-quarter financial performance on Aug. 5, 2021, its stock dropped by 13%, and Ferrie "realized an approximately 236% profit of $16,039.78 on his investment of $6,782.05," the complaint said.
2 minute read

Corporate Counsel

SEC Slaps Lyft With $10M Fine for Undisclosed Stock Deal Just Before IPO

According to news reports, the seller of the $424 million in shares was Carl Icahn, and the buyer was George Soros.
3 minute read

The Legal Intelligencer

Duane Morris Lands 2 Securities Litigators From Maynard Nexsen in Atlanta

Terry Weiss and Stefanie Wayco arrive at the firm as it pursues growth in Texas, New York, California, Chicago and South Florida, as well as Georgia.
4 minute read

National Law Journal

SEC's Debt Securities Rule Would Require Private Company Disclosures, Manufacturers Say in Suit

"This novel expansion of Rule 15c2-11 will have a dramatic impact on private companies, fundamentally changing their ability to raise funds through debt offerings," lawsuit states.
3 minute read

Delaware Business Court Insider

Here's Why a Delaware Judge Says TransPerfect's 14th Deal-Protesting Case Should Be Dismissed

Martin Russo, an attorney for TransPerfect, said he believes U.S. Magistrate Judge Jennifer L. Hall took months to come to an "erroneous reasoning" because TransPerfect had the better arguments on the merits.
5 minute read

The Legal Intelligencer

Report on Lead Cables Sparks Litigation Surge Against Verizon—and Other Companies Could Be Next

The lawsuits draw on reporting from the Wall Street Journal asserting that lead-sheathed cables that various telecom companies inherited from Bell System are leaching lead into the environment.
3 minute read

New York Law Journal

When is a Crypto Sale an Unregistered Securities Offering? Two SDNY Decisions Provide Conflicting Guidance

The cryptocurrency industry and its watchers are as keen as ever on gaining clear guidance on when, and how, the sale of a digital asset constitutes an unregistered securities offering. However, two recent SDNY cases considered this question and reached differing conclusions.
7 minute read

Law.com

Shaq Suit Shows NFTs Could Be Next Wave of Crypto Securities: The Morning Minute

The news and analysis you need to start your day.
4 minute read

National Law Journal

SEC Chair Gensler Defends Proposed Climate Disclosure Rule in Senate Testimony

"One, we're not a climate regulator. We're a securities regulator," SEC Chair Gary Gensler said.
4 minute read

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