Securities Law

1347 ABA Journal Securities Law articles.

ABA is ‘deeply concerned’ by China’s new security law, saying it violates agreement with Hong Kong
ABA President Judy Perry Martinez said Wednesday the ABA is “deeply concerned” by China’s new national security legislation, which is designed to curb anti-government demonstrations in Hong Kong.
Former BigLaw lawyer can start the process to return to practice after prison sentence, state supreme court says
Corrected: A former Fox Rothschild partner who was sentenced to federal prison for insider trading may start the reinstatement process to practice law again, the Pennsylvania Supreme Court ruled earlier this week.
Supreme Court rules disgorgement, with limits, is allowed in SEC civil actions
The U.S. Supreme Court ruled 8-1 Monday that the U.S. Securities and Exchange Commission may seek disgorgement—with some limits—in civil enforcement cases.
Another lawsuit is filed against Zoom over alleged privacy problems
Zoom Video Communications has been hit with a new privacy lawsuit alleging that it failed to protect user data from Facebook and LinkedIn.
Afternoon Briefs: GCs are overloaded with coronavirus webinars; former judge dies at 88

General counsels are overloaded with COVID-19 emails and webinar invites

Corporate clients are inundated with emails and webinar invitations from law firms offering information on the novel coronavirus, according to…

Sounding the alarm: One whistleblower’s story
The ‘emergency room of law’: Protections are critical for whistleblowers and their lawyers

“The whistleblower often comes to us in pretty bad shape,” attorney Stephen Kohn says. “He’s at risk to be killed [in his profession]. It’s our job to get those bandages on, get him back to health and have him walk out in good condition.”

Afternoon Briefs: Texas university leader leaves without blame for law school scandal; judge sides with immigrants

Texas Southern University president leaves school with no blame for alleged law school misconduct

Texas Southern University is parting ways with its president without any claims of wrongdoing, which is…

Top tips for lawyers to stay in control of their business development

From daily happiness levels at work to reframing how you think about competition, brand expert and lawyer Katy Goshtasbi offers ways for lawyers stay on top when it comes to business development—whether it’s their own brand or their firm’s brand.

BigLaw partner lists $166M in liabilities in Chapter 7 filing that would halt suit alleging Ponzi scheme aid
A Baker Donelson partner has filed a petition for Chapter 7 bankruptcy that would pause litigation contending that he aided a Ponzi schemer who was sentenced to 19.5 years in prison.
Can the SEC order disgorgement in civil enforcement cases? Supreme Court agrees to decide
The U.S. Supreme Court has agreed to decide whether the Securities and Exchange Commission is authorized to seek disgorgement in civil enforcement cases.
Sidley Austin is among defendants settling investor class action for $220M

Sidley Austin and Deloitte are among five professional firms agreeing to pay $220 million to settle claims for aiding securities sales by a now-defunct investment firm accused of operating as…

BigLaw firm isn’t liable to investors for lawyer’s work for Ponzi schemer, 5th Circuit rules

A federal appeals court has ruled that Greenberg Traurig is immune from liability in a lawsuit by investors who lost money in a Ponzi scheme perpetrated by a client.

The…

Hertz lawsuit against former GC seeks return of incentive pay, damages for accounting failures

The Hertz Corp. has sued its former general counsel and two other executives in an effort to claw back $70 million in incentive and severance pay for the group’s alleged…

Former SeaWorld corporate lawyer pleads guilty to insider trading
A former corporate lawyer for SeaWorld has pleaded guilty to one count of insider trading for buying company stock last summer after learning of yet-to-be-announced increases in attendance and revenue.

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