ABA Journal

Securities Law

1389 ABA Journal Securities Law articles.

Texas House panel recommends impeachment for state attorney general

A committee of the Texas House of Representatives has recommended that Republican Texas Attorney General Ken Paxton be impeached for allegedly misusing his power to benefit a developer who contributed to his campaign and provided other benefits.

Reed Smith lawyers must hold ‘Please See Me’ signs at courthouse after failing to provide hearing notice

A Delaware judge has ordered Reed Smith to station two lawyers at the courthouse Tuesday with “Please See Me” signs, after the law firm failed to provide notice of a hearing, causing it to be rescheduled.

Former BigLaw attorney gets 1-year suspension for trading on information learned as conflicts counsel

A former Cozen O’Connor attorney has agreed to a one-year suspension of his law license in Pennsylvania for using information that he learned as a conflicts attorney to buy stock in advance of a merger.

Lawyer trying to collect cash for defrauded investors hospitalized after beating; brother of target charged

A Philadelphia lawyer was beaten with a metal object—possibly a flashlight—after leaving his law firm following a virtual court hearing Feb. 28, sending him to the hospital where he received seven staples to his skull.

SEC sues Covington for names of nearly 300 clients affected by 2020 cyberattack

The U.S. Securities and Exchange Commission sued Covington & Burling on Tuesday to obtain the names of 298 publicly traded clients affected by a 2020 cyberattack.

Sullivan & Cromwell pressured me to file for FTX bankruptcy, crypto exchange’s founder says

Indicted cryptocurrency exchange FTX founder Samuel Bankman-Fried is accusing Sullivan & Cromwell of pressuring him to seek bankruptcy protection for his company and filing documents nominating a new CEO after he tried to withdraw permission.

FTX founder faces criminal and civil charges for alleged $1.8B fraud at FTX Trading

The founder of cryptocurrency exchange FTX is facing criminal and civil securities charges in connection with an alleged $1.8 billion fraud for touting FTX Trading as a safe platform for crypto asset trading while diverting investor money to his privately held hedge fund.

Would Twitter get Section 230 immunity in lawsuits filed over fake tweets with blue check marks?

Plaintiffs lawyer Jay Edelson told Reuters that he is researching whether Twitter could be sued for giving blue check marks to fake accounts that misled consumers and corporate shareholders.

Calls to defund SEC circulate on Trump’s social media platform

The U.S. Securities and Exchange Commission is being targeted by critics on Truth Social, former President Donald Trump's social media platform, after a holdup in a merger with a special purpose acquisition company because of an SEC investigation.

Former Dewey CFO will pay over $95K to resolve SEC lawsuit over misleading financial statements

The chief financial officer for failed law firm Dewey & LeBoeuf will pay more than $95,000 to resolve a civil lawsuit filed by the U.S. Securities and Exchange Commission alleging that he falsified financial statements to raise money for the firm.

Thomson Reuters releases new version of online legal research platform Westlaw

Thomson Reuters has unveiled the latest iteration of Westlaw, its widely used online legal research platform. Westlaw Precision was introduced Wednesday and is the company’s first new version in more than four years.

Class action suit over gender bias at Goldman Sachs slated for 2023 trial

Despite Goldman Sachs’ attempt to avoid a 12-year-old gender bias class action lawsuit, a federal judge said Monday the case will head to trial next June.

Federal judge tosses lawyers from case after concluding they failed to diligently represent shareholders

U.S. District Judge John Adams of Akron, Ohio, is looking for new lawyers to represent a utility company’s shareholders after tossing current counsel from the case.

Law-firm recruiting slows as deal work falls

A slowdown in corporate deals is affecting law firm hiring and giving overworked lawyers a breather.

Weekly Briefs: Old arrest warrant found in Emmett Till case; former White House counsel subpoenaed

Emmett Till’s family seeks arrest after warrant found

Researchers have found an unserved 1955 arrest warrant in the basement of a Mississippi courthouse that accuses Carolyn Bryant Donham in the…

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