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Corporate Counsel

Cybersecurity Whistleblowing Is Murkier Than You May Think

How can your breach turn into a securities law violation? The answer may be "via whistleblower."
14 minute read

Connecticut Law Tribune

Ex-Brokerage Dealer Prevails in Challenge to Arbitration Award

Rochdale Securities, which was once a brokerage dealer in Stamford, won a recent state court challenge to an arbitration award it filed against Pershing, a large clearing firm that is part of the Bank of New York Mellon Corp.
9 minute read

New York Law Journal

North Collier Fire Control and Rescue District Firefighter Pension Plan and Plymouth County Retirement Assoc. v. MDC Partners, Inc.

By | October 07, 2016
Securities Fraud Class Suit Dismissed; Material Misstatements Not Alleged, Scienter Not Pleaded
2 minute read

Corporate Counsel

An SEC Vet Moves Forward — and Looks Back

Paul Dudek reviews a quarter-century of change in international corporate finance.
33 minute read

New York Law Journal

Cupersmith v. Piaker & Lyons P.C.

By | October 05, 2016
Claims Accounting Firm Aided, Abetted Ponzi Scheme's Perpetration Only Partly Dismissed
3 minute read

Connecticut Law Tribune

RBS Securities to Pay Connecticut $120M Settlement

State officials have announced that RBS Securities Inc. will pay $120 million to the state to resolve a probe into the underwriting of residential mortgage-back securities and the role it played in the economic crisis in 2008.
5 minute read

The Recorder

MoFo Associate Wins State Pro Bono Award

Morrison & Foerster associate Elizabeth Balassone, who successfully represened clients in a class action against the Social Security Administration, spoke with The Recorder as she was about to receive an award for her public service achievements.
9 minute read

Corporate Counsel

A Clarification Regarding Our Story 'SEC Sets Record in FCPA Settlement in Och-Ziff'

By | October 03, 2016
Last Friday we wrote about a record number of FCPA enforcement actions against corporation this year. While the record stands, we need to clarify and correct some numbers in our story.
4 minute read

The Legal Intelligencer

Ahmed v. Stein, PICS Case No. 16-1166 (C.P. Monroe July 18, 2016) Zulick, J. (9 pages).

By | September 30, 2016
Conflicting ideas about how to resolve a financial impasse with a restaurant franchise and how to handle existing debt and franchise obligations led to the minority shareholder feeling in the dark. He filed for judicial enforcement of his request to be kept informed of the daily transactions, and an injunction on the sale of the business until his shares could be valued and paid. On conclusion of the sale of his shares, the majority shareholders obtained a loan to carry out the requirement to maintain the franchise, and the minority ex-shareholder had a change of heart and sought return of his shares. The court determined that remedy was not possible under the relevant statute and denied plaintiff's motion, except as to the provision of the necessary information for tax purposes.
7 minute read

Daily Business Review

Finding Against SEC, 11th Circuit Throws Out $5.8M Penalty Against Fort Lauderdale Bank

The Eleventh Circuit has thrown out $5.8 million in civil penalties against BBX Capital Corp. and its CEO stemming from fraud charges brought by the U.S. Securities and Exchange Commission.
6 minute read

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