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Longtop Financial Technologies, the Chinese company whose fortunes were upended last year by a billion-dollar accounting scandal, has yet to file an appearance in federal multidistrict litigation accusing it of massive securities fraud. After reading the most recent opinion in the case, we can understand why Longtop might be avoiding U.S. courts.
Investors Get Green Light to Pursue Some Claims Against Ratings Agencies
Southern District Judge Shira Scheindlin ruled that two institutional investors can go to trial with fraud claims against Moody's Corp., Fitch Ratings Inc. and Standard & Poor's Financial Services LLC, which all gave Rhinebridge, a $1.1 billion structured investment vehicle, their top rating before its 2007 collapse.Revenue, Profit, Cash: Managing Law Firms for Success
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Law Firm Operational Considerations for the Corporate Transparency Act
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The Ultimate Guide to Remote Legal Work
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Practical Guidance Journal: Protecting Work Product in a Generative AI World
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