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Law.com

Wilson Sonsini Reps Autodesk in Proposed Securities Class Action

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

Law.com

Lawsuit Says Nike Officers Misled Shareholders Over Direct-to-Consumer Sales Strategy

The shareholder proposes a class of those who purchased Nike Class B stock between March 2021, when Nike announced its third quarter financial results, and March 2024, when it was announced Nike would be scaling back on its direct-to-consumer strategy.
2 minute read

National Law Journal

'Unlawful Several Times Over': Groups Urge 8th Circuit to Scrap SEC Climate Disclosure Rule

"The SEC cannot invoke abstract policy goals to aggrandize its authority beyond disclosure of 'financial" information material to investors." the rule's challengers stated in their appellate court brief.
3 minute read

National Law Journal

Supreme Court Takes Up NVIDIA Stock-Drop Appeal

The legal question in the case deals with the pleading standard plaintiffs must meet under the 1995 Private Securities Litigation Reform Act, which was enacted to deter frivolous securities lawsuits.
4 minute read

National Law Journal

SEC Chair Gensler Defends Embattled Private Fund Adviser Rule After 5th Circuit Defeat

"What we did in [the private fund adviser] rule, I think, was to help investors in private funds get quarterly statements on their fees, performance and any side deals with other investors," Gary Gensler said. "We thought and believed that it was within the law."
3 minute read

New York Law Journal

Terraform, Do Kwon to Pay $4.5B in Penalties in Settlement Agreement With SEC

The SEC accused Kwon of fleecing investors for billions from 2018 until May 2022 through the purchase and sale of interconnected crypto assets.
2 minute read

National Law Journal

SEC's Pursuit of Private Fund Adviser Appeal May Depend on Agency's Larger Agenda, Securities Lawyers Say

Regarding a potential appeal, the SEC says that it "will determine next steps as appropriate."
4 minute read

National Law Journal

Supreme Court Takes Up Facebook's Appeal of Investors' User Data Scandal Suit

The question before the justices is whether public companies must disclose on Form 10-K to the U.S. Securities and Exchange Commission any risk that has occurred even if that event "presents no known risk of ongoing or future business harm."
3 minute read

New York Law Journal

Overreach and Misrepresentation: The SEC's Pursuit of Emergency Relief in 'DEBT Box'

A discussion of the "saga" surrounding 'SEC v. Digital Licensing Inc., d/b/a DEBT Box.' The authors examine how an aggressive attempt to halt alleged fraud evolved into a case of regulatory overreach.
11 minute read

National Law Journal

Financial Services Group Sues SEC, Seeks Disclosure of Agency's Enforcement Procedures

The agency has denied the request for documents, saying they are exempt from the Freedom of Information Act because their disclosure "could reasonably be expected to interfere with enforcement proceedings."
3 minute read

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