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Litigation Daily

Litigator of the Week: Sean Murphy of Milbank, Tweed, Hadley & McCloy

What to do when opposing counsel throws "a thousand pieces of mud on the wall"? Milbank's Sean Murphy countered by sticking to his core message in a 25-day bench trial, scoring a win for AXA Equitable Life Insurance Co. in a closely watched case with $550 million on the line.
10 minute read

The Recorder

Ninth Circuit Has Say on SEC Sarbanes-Oxley Rules

Executives can be subject to SEC enforcement and clawbacks for signing off on untruthful public securities filings, wrote Judge Richard Clifrton, regardless of whether they took part in other transgressions.
8 minute read

Corporate Counsel

Former Monsanto Executive Receives Second-Largest SEC Whistleblower Award

A former Monsanto Co. executive received a $22.5 million whistleblower award Tuesday for alerting U.S. securities regulators to improper accounting that inflated the agrichemical company's reported sales of Roundup, according to the lawyer who represented the tipster.
6 minute read

Corporate Counsel

Commodities Agency Wants Greater Power to Protect Whistleblowers

The Commodity Futures Trading Commission wants the power to punish companies for retaliating against whistleblowers, a move that would align the agency's stance with the stronger position taken by the U.S. Securities and Exchange Commission.
8 minute read

National Law Journal

Commodities Agency Wants Greater Power to Protect Whistleblowers

The Commodity Futures Trading Commission wants the power to punish companies for retaliating against whistleblowers, a move that would align the agency's stance with the stronger position taken by the U.S. Securities and Exchange Commission. On Tuesday, citing the inconsistency between the agencies, the CFTC proposed discarding its earlier position to instead take a tougher approach toward retaliation.
9 minute read

New Jersey Law Journal

AXA Equitable Prevails in High-Stakes Mutual Fund Fee Case

After a 25-day bench trial, a federal judge in Newark has rejected claims that mutual funds run by AXA Equitable Life Insurance Co. charged investors excessive investment and administrative fees.
10 minute read

Connecticut Law Tribune

Biased Advice and Undisclosed Conflicts No More

Wouldn't you have thought that your financial adviser is obligated to act in your best interest when advising you where to put your retirement money? Well, sadly, you would have been wrong if you did.
6 minute read

The Recorder

Defense Bar Riled Up Over Migration of Securities Suits to State Court

Wilson Sonsini partner Boris Feldman has asked the U.S. Supreme Cout to put a stop to stock-drop suits in state court.
32 minute read

New Jersey Law Journal

NJ's Whistleblower Chief Touts State's Efforts, But Expansion Not Imminent

State whistleblower officials recently talked about expanding a state-based program to reward tipsters for information about private securities violations. Some advocates say such a program would prove beneficial. But, for now, there's no push in the New Jersey Legislature to expand the compensation scheme.
7 minute read

New Jersey Law Journal

Prudential Enters $33M Settlement Over Death Benefits Payments

Prudential Financial Inc. has agreed to a $33 million settlement of a class action on behalf of shareholders who claimed the company misstated its financial condition by failing to fully account for liabilities owed to beneficiaries of policyholders.
10 minute read

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