Similar to class actions generally, exploring ethics issues in securities class action litigation (specifically fee-splitting), and how that affects settlement value for plaintiff investors
By B. Colby Hamilton | July 31, 2017
U.S. District Judge Paul Engelmayer of the Southern District of New York will allow to go forward a suit claiming a dozen of the biggest banks colluded against competition in the $230 trillion interest rate swap market.
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By therecorder | The Recorder | July 31, 2017
9th Cir.; 15-55173 The court of appeals reversed a district court judgment. The court held that the non-forward-looking portions of “mixed statements,”…
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By B. Colby Hamilton | July 28, 2017
Federal law enforcement's growing reliance on foreign partners as U.S. prosecutors build cases against targets abroad will have to adjust to a new reality after the Second Circuit curtailed compelled testimony use in cross-border prosecutions.
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By B. Colby Hamilton | July 26, 2017
Class action security fraud suits were filed at a record clip in the first half of 2017, according to a new report by Cornerstone Research.
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By B. Colby Hamilton | July 25, 2017
Former Long Island investment adviser Tibor Klein, who pleaded guilty Tuesday to a single count of conspiracy to commit securities fraud, was accused of using information obtained from his client and friend, former Arent Fox partner Robert Schulman, about the $3.6 billion merger of Pfizer Inc. and King Pharmaceuticals.
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By Carla Vianna | July 25, 2017
A team of Greenberg Traurig lawyers helped pave the path for a Pennsylvania medical technology company's $280 million acquisition of a Swiss public company.
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By Andrew Denney | July 24, 2017
The securities fraud trial for pharmaceutical executive Martin Shkreli, now in its fifth week, is grinding to its conclusion.
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By B. Colby Hamilton | July 24, 2017
Attorneys for Brazilian energy giant Petrobras are asking the U.S. Court of Appeals for the Sec-ond Circuit to reconsider its order that would largely have allowed the class action suit against it to proceed.
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By Michael W. Peregrine | July 24, 2017
On the 15th anniversary of the Sarbanes-Oxley Act, enacted July 30, 2002, in-house counsel should pause to reflect on how the on-going legacy of that seminal law continues to impact the role of the general counsel, lawyers' professional responsibilities, and the relationship of corporate counsel to governance.
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By By Howard B. Epstein and Theodore A. Keyes | July 24, 2017
In their Corporate Insurance Law column, Howard Epstein and Theodore Keyes discuss 'Kokesh v. SEC,' where the U.S. Supreme Court held that the SEC's use of disgorgement of profits as a remedy in an enforcement action constitutes a penalty that is subject to the federal five-year statute of limitations. They write: The question at issue for the Kokesh court was whether SEC disgorgement is a penalty. The question for the insurance community is whether it is insurable. The question for us is whether these two issues may overlap.
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