ABA Journal

Securities Law

1379 ABA Journal Securities Law articles.

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…

Lawyer who once directed corporate law at Apple pleads guilty to insider trading

A former top lawyer at Apple who was tasked with enforcing its insider trading policy pleaded guilty Thursday in a scheme to trade on the company's material, nonpublic information.

Weekly Briefs: Michael Avenatti sentenced in money theft of Stormy Daniels; Reagan shooter released without restrictions

Lawyer Michael Avenatti gets more prison time

Suspended lawyer Michael Avenatti was sentenced Thursday to four years in prison for stealing nearly $300,000 in book-deal payments intended…

Legal malpractice payouts reach ‘troubling new heights;’ 4 insurers contributed to claims above $300M, survey says

Legal malpractice insurers are reporting skyrocketing payouts of tens of millions of dollars, even as claims frequency remains relatively flat, according to a survey by insurance broker Ames & Gough.

Some trials by SEC administrative judges violate Seventh Amendment right to jury trial, 5th Circuit rules

A federal appeals court ruled Wednesday that administrative trials by the U.S. Securities and Exchange Commission violate the Seventh Amendment right to a jury trial when civil penalties are sought.

Florida lawyer lied to hundreds of disabled trust clients, SEC says

The U.S. Securities and Exchange Commission is accusing a Florida attorney of defrauding at least 380 clients, most of whom have disabilities and are recipients of Medicaid or Social Security Supplemental Security Income benefits.

SEC alleges Las Vegas lawyer shot by FBI was part of a $449M Ponzi scheme

The U.S. Securities and Exchange Commission alleges in a lawsuit that a Las Vegas lawyer and his law firm were involved in a $449 million Ponzi scheme that sold investments in fictitious insurance tort settlements.

Did lawyers for Barclays cause $600M error?

Barclays, a British bank, estimates that it will suffer a loss of nearly $600 million after it issued securities that exceeded the amount registered in the United States by about $15 billion.

Lieff Cabraser loses appeal of sanction for ‘materially misleading’ description of fee study

A federal appeals court has affirmed a federal judge’s nonmonetary sanction against Lieff Cabraser Heimann & Bernstein, imposed for its incomplete description of a fee study.

Lawyer on university faculty is charged with insider trading

A Chicago lawyer who was a faculty member at the Loyola University Chicago was indicted Monday for allegedly making a $110,000 profit by trading on insider information passed along by a college friend.

Jury finds Elizabeth Holmes, CEO of blood-testing company Theranos, guilty of fraud

A jury on Monday found Elizabeth Holmes, the former CEO and founder of failed blood-testing startup Theranos, guilty on four of 11 federal charges related to fraud and conspiracy.

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