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Law.com

Federal Judge Awards $1M to Plaintiff's Counsel Following a No Payment Shareholder Derivative Settlement

The plaintiff noted the substantial benefits of the reforms, which included the creation of a new audit committee and an independent director position to sit on the board, among others.
5 minute read

New York Law Journal

'SEC v. Jarkesy': Constitutional Protections From Federal Agency Enforcement

"'Jarkesy' is another case in a line of cases that question the authority of administrative agencies," write Robinson & Cole's Benjamin M. Daniels and Ileana Polanco Cavazos.
8 minute read

The Legal Intelligencer

SEC Agrees to Dismiss Civil Suit Against Former Pharma CIO Over Alleged Insider Trading

"We are delighted that Ram has been fully vindicated of these meritless allegations," former Mylan executive Ramkumar V. Rayapureddy's lead counsel, Adam Lurie, a partner at Linklaters, said of the outcome. "He has shown remarkable courage and resilience throughout this long injustice and is looking forward to moving on with his life and his career."
3 minute read

The American Lawyer

Simpson Lands Public Company Advisory Attorney From Skadden

James Rapp, who was at Simpson from 2013 through 2021, will rejoin his former firm alongside former colleagues from Skadden who recently joined.
2 minute read

National Law Journal

9 Big Law Firms See Work From SEC's Latest Enforcement Action

Davis Polk, Sidley, Foley, Milbank, Wilmer, King & Spalding and other firms were defense counsel for 26 broker-dealers, corporate insiders and others for widespread recordkeeping failures.
3 minute read

Daily Business Review

Unpacking the Potential Impact of Recent SCOTUS Rulings on Digital Asset Regulations

In recent months, the U.S. Supreme Court has delivered epochal rulings that are poised to reshape the regulatory landscape across various industries.…
5 minute read

Daily Business Review

Florida Man Charged With $300M Real Estate Ponzi Scheme

"Investors should be vigilant when they encounter aggressive sellers who make over-the-top sales pitches and promise high rates of guaranteed returns," said Nekia Hackworth Jones, director of the SEC's Atlanta regional office.
3 minute read

National Law Journal

Budding Circuit Consensus: SPAC Investors Can't Sue Over Acquired Company's Pre-Merger Misstatements

"At the time of [Lucid's] alleged misrepresentations, CCIV and Lucid were two entirely separate companies," the U.S. Court of Appeals for the Ninth Circuit held. "Lucid's alleged misrepresentations made about itself cannot be imputed to another company that later acquired it."
4 minute read

Corporate Counsel

Disclosure Flip-Flop by Nuclear Reactor Firm Powers Debate Over SEC Reporting Obligations

NuScale Power found itself having to explain why it stated that it did not believe it was under SEC investigation, even though it had been contacted by the agency seven months earlier and asked to provide a trove of information.
6 minute read

National Law Journal

SEC Defends Authority to Issue Climate Disclosure Rule Amid Statutory Challenge

"This case is not about climate change or environmental policy; it is about protecting investors," the agency stated in a brief to the U.S. Court of Appeals for the Eighth Circuit.
4 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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