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The Recorder

Theranos Faces Rare Pre-IPO Securities Class Action

Hagens Berman partner Reid Kathrein, who filed the suit, said private investors sank more than $600 million into the beleaguered blood-testing startup based on false claims about its technology.
11 minute read

New York Law Journal

Rebuttal of Fraud-on-the-Market Presumption Post 'Halliburton II'

In their Second Circuit Review, Martin Flumenbaum and Brad S. Karp discuss 'GAMCO Investors v. Vivendi Universal', where the court discussed one of the key issues in securities litigation—how to rebut the fraud-on-the-market presumption of reliance. The circuit found the defendants in the case had successfully rebutted the presumption by demonstrating that certain opt-out plaintiffs would have purchased the securities at issue even if they had known of the fraud.
15 minute read

The American Lawyer

Survey: Which Big Law Firms Get the Work?

New findings show who's winning the battle for in-house spending.
5 minute read

The Legal Intelligencer

Firms Face Malpractice Claims Over Alleged Bond Scheme

Law firms Dilworth Paxson and Greenberg Traurig are facing legal malpractice and ERISA claims over their alleged role in what the SEC has called a fraudulent scheme to divert investment funds using a fake annuity purported to benefit a Native American tribe.
20 minute read

National Law Journal

Outgoing SEC Chief Warns that Weakening Securities Rules Would be 'Serious Mistake'

U.S. Securities and Exchange Commission Chair Mary Jo White, who announced this week she will resign at the end of President Barack Obama's second term, warned in a speech Friday the agency must not retreat from tougher regulation and enforcement.
8 minute read

Corporate Counsel

Could Donald Trump's SEC Soften Enforcement of Severance Agreements?

In a seven-day span in August, the U.S. Securities and Exchange Commission sent back-to-back warnings to corporate executives that inference with whistleblowers would not be tolerated.
8 minute read

National Law Journal

Could Donald Trump's SEC Soften Enforcement of Severance Agreements?

Critics of the SEC's whistleblower program said recent settlements against companies over their severance agreements marked an agency that had stretched too far in its interpretation of Dodd-Frank's protections for tipsters. Now, as President-elect Donald Trump prepares to take office and shape the SEC, lawyers in the whistleblower field are watching to see whether the commission continues to take a stand against restrictive severance agreements or turns down the heat.
9 minute read

New Jersey Law Journal

Energy Company Resolves Shareholder Suit in $4.7M Deal

A federal judge in Trenton has approved a Pennington company's settlement of $3 million in cash and about $1.69 million in company stock in a suit by shareholders who said they were misled about a project to generate electricity from ocean waves.
7 minute read

New York Law Journal

Schatzki v. Weiser Capital Management, LLC

By | November 16, 2016
Illegality Defense, Commissions Claim Denied Dismissal in Suit by Broker's Representative
3 minute read

National Law Journal

SEC Chief Says Fintech May Need New Regulation

New regulations may be needed to keep up with the "speed and impact" of financial technology developments, SEC Chairwoman Mary Jo White said Monday.
7 minute read

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