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The Recorder

Elon Musk Takes Aim at Class Action Law Firms in Tesla Securities Trial Testimony

"I do not believe they actually represent the shareholders," Musk said of plaintiffs counsel at Levi & Korsinsky.
3 minute read

The Legal Intelligencer

SEC Adopts New Approach to Rule 10b5-1's Affirmative Defense to Insider Trading and Related Matters

The amendments include mandatory cooling-off periods, director and officer certifications, restrictions on multiple overlapping 10b5-1 plans and single-transaction plans and an expanded good faith requirement.
10 minute read

Litigation Daily

Musk Gets a Question In From the Witness Stand in 'Funding Secured' Securities Trial

In a securities case accusing Musk of lying about securing funds to take Tesla private, he asked a lawyer for the plaintiffs about efforts to subpoena a Saudi official who might be able to answer questions about the deal.
4 minute read

The Recorder

Elon Musk Seizes Moments of Levity in Combative Tesla Securities Trial Testimony

When plaintiffs counsel misspoke calling the Tesla CEO "Mr. Tweet," Musk laughed, saying "That's probably accurate."
4 minute read

The Recorder

'Twitter Haikus Don't Move the Market': Trial Begins Over Elon Musk's Tesla Tweets

In opening statements on Wednesday, a lawyer for Tesla shareholders insisted that Elon Musk's 2018 tweets were lies that caused investor losses. Musk's lawyer said the statements weren't fraudulent.
5 minute read

Delaware Business Court Insider

Vice Chancellor Zurn Rebukes Attorneys Over Their Tactics in Forum Selection

"I will not advise plaintiff on the proper way to find a forum," the vice chancellor wrote. "This was not it."
3 minute read

New York Law Journal

Extraterritorial Fraud: When Can the Government Sue?

The bottom line is that extraterritoriality in regulatory cases appears to lie today largely in the eye of the beholder. All that a judge has to assert is that some conduct by a person in the United States was "integral" to the fraud.
13 minute read

The Recorder

'A Mercenary Personality': Elon Musk's Polarizing Celebrity Looms Large in Jury Selection for Trial Over Tweets on Tesla Going Private

Senior U.S. District Judge Edward Chen, who is presiding over the case, and attorneys questioned potential jurors who used words like crazy, arrogant, unpredictable and narcissistic to describe the tech executive.
5 minute read

Law.com

How We Started Our Own Law Firm: 'When You Start a Firm, You Have to Build That Infrastructure From Scratch'

"Starting a law firm meant becoming a small-business owner on day one."
8 minute read

The American Lawyer

Wilmer Hires Former New York Fed Deputy GC

Yoon Hi Greene joins the firm's financial institutions group after 23 years at the Federal Reserve Bank of New York.
3 minute read

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