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September 25, 2023 | New York Law Journal

Crypto, the SEC and a Tale of Two Judges

What if you had been waiting years to get judicial clarity on a legal issue, only to receive contradictory rulings from two different judges in the same court just weeks apart? This ironic outcome is what befell the crypto industry in two high-profile challenges to SEC enforcement actions regarding sales of crypto tokens.
22 minute read
September 20, 2023 | Daily Business Review

Lawmakers, Ex-Justices Back Suspended Prosecutor

Two friend-of-the-court briefs urge the state Supreme Court to find that Gov. Ron DeSantis exceeded his authority in suspending Orlando-area State Attorney Monique Worrell and to order her reinstatement.
4 minute read
September 20, 2023 | New York Law Journal

The Next Big Case in the Crypto Wars

In his Corporate Securities column, Professor John Coffee discusses how in two SDNY decisions, each decided in July 2023, two respected judges have disagreed as to whether certain cryptocurrency instruments amount to securities.
9 minute read
September 20, 2023 | Daily Report Online

Supreme Court's Affirmative Action Ruling Brings Inequality of Opportunity

By striking down affirmative action, the court has provided an opening for certain groups to challenge both public and private diversity, equity and inclusion programs and initiatives (Perkins Coie and Morrison Foerster are defendants in such lawsuits).
4 minute read
September 20, 2023 | Law.com

Kirkland-Paul Weiss Lateral Battle's 'Ripple Effects': The Morning Minute

Want to get this daily news briefing by email? Here's the sign-up. WHAT WE'RE WATCHING LATERAL IMPACT - If your firm is in the Am Law 100,…
3 minute read
Sec. and Exch. Comm'n. v. Farnsworth
Publication Date: 2023-09-20
Practice Area: Securities Litigation
Industry:
Court: U.S. District Court for the Southern District of New York, U.S. - SDNY
Judge: District Judge Katherine Polk Failla
Attorneys:
For plaintiff:
For defendant:
Case number: 22 Civ. 8226

SEC Sufficiently Alleges Materiality, Scienter, Scheme Liability Against Company CEOs

September 18, 2023 | The American Lawyer

Will Lateral Battle Between Kirkland and Paul Weiss Create 'Ripple Effects'?

If your firm is in the Am Law 100, the odds are good that the moves affect you and your firm, according to some veteran recruiters.
5 minute read
September 15, 2023 | Corporate Counsel

Strike Will Sting Auto Suppliers, but How Much Depends on Fine Print in Contracts

"The automotive supply chain is incredibly resilient, but a strike lasting more than several weeks will likely cause some suppliers to seek bankruptcy protection," said Ann Marie Uetz, a partner at Foley & Lardner.
4 minute read
September 14, 2023 | Corporate Counsel

Auto Suppliers Aim to Avoid Legal, Financial Mayhem as UAW Strike Looms

"The automotive supply chain is incredibly resilient, but a strike lasting more than several weeks will likely cause some suppliers to seek bankruptcy protection," Ann Marie Uetz, a partner at Foley & Lardner, said.
3 minute read
September 13, 2023 | New York Law Journal

When is a Crypto Sale an Unregistered Securities Offering? Two SDNY Decisions Provide Conflicting Guidance

The cryptocurrency industry and its watchers are as keen as ever on gaining clear guidance on when, and how, the sale of a digital asset constitutes an unregistered securities offering. However, two recent SDNY cases considered this question and reached differing conclusions.
7 minute read

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