By Ross Todd | April 2, 2019
According to the SEC, former Jumio Inc. CEO Daniel Mattes caused the mobile payments startup to overstate its revenues for 2013 and 2014 by more than $230 million as he sold about $14 million in stock on the secondary, pre-IPO market.
By Jenna Greene | April 2, 2019
As a pair of wins by Morgan Lewis and Latham show, securities class action plaintiffs can only stretch the event-based theories so far.
By Amanda Bronstad | March 27, 2019
The Ninth Circuit found that a petition challenging U.S. District Judge Edward Chen's order appointing the lead plaintiff in consolidated securities class actions brought over Tesla CEO Elon Musk's tweets raised issues that "warrant an answer."
By Mike Scarcella | March 27, 2019
The justices' divided ruling Wednesday in Lorenzo v. SEC comes after two losses last term at the high court.
By Amanda Bronstad | March 26, 2019
Cornerstone Research's annual report also found that average settlement values rose, with many of them landing between $10 million and $48 million last year.
By Ross Todd | March 22, 2019
U.S. District Judge Haywood Gilliam Jr. dismissed all state law claims in the shareholder derivative lawsuit brought in the wake of Facebook's Cambridge Analytica scandal. But the judge gave the plaintiffs a chance to amend their claims brought under the federal securities laws.
By Phillip Bantz | March 19, 2019
“You need to take regulatory compliance very seriously and when you do have problems don't cover it up. That will only turn it into intentional securities fraud and only makes the problem bigger,” said an attorney for the plaintiffs.
By Jenna Greene | March 18, 2019
VW was quick to denounce the SEC's action as “piling on”—and the company does have a point.
By Mike Scarcella | March 13, 2019
Meet the four assistant U.S. attorneys—some of them Big Law alums—who are assigned to the college admissions fraud case in Boston.
By Caroline Spiezio | March 12, 2019
Tesla CEO Elon Musk's counsel claimed the SEC has "no basis to issue contempt sanctions against him" in a filing Monday, adding cited First Amendment concerns. But some lawyers said Musk's second round of incorrect, Tesla-focused tweets didn't meet the "low bar" the SEC agreement set.
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