Securities Law

1353 ABA Journal Securities Law articles.

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.


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.
SCOTUS says investment banker can be liable for false email drafted by boss

The U.S. Supreme Court ruled Wednesday that an investment banking director can be liable for emailing alleged false statements to prospective investors, even though he sent the emails at the…

New ABA report surveys cryptocurrency regulations

The ABA Business Law Section released a major report on digital assets and cryptocurrency regulation on Wednesday.

The 353-page document titled “Digital and Digitized Assets: Federal and State Jurisdictional…

Apple’s former top corporate lawyer charged with insider trading

Apple’s former global corporate-law chief has been charged with insider trading.

Gene Daniel Levoff, 45, allegedly used nonpublic information to trade in Apple stock, according to press releases by the…

Building blockchain expertise into a practice that pays
Blockchain's a buzzword, but what does it mean? In this episode of the Modern Law Library, our guests James A. Cox and Mark W. Rasmussen give a breakdown of what blockchain is, the emerging legal issues the technology is prompting, and why Jones Day thinks that it's an important emerging practice area.
NYPD threatens Google with legal action to stop pinpointing police activity through app

In a letter sent to Google last weekend, the New York Police Department threatened legal action if the technology company ignored demands to remove a feature on its Waze app…

Blockchain neophyte carves out niche in cryptocurrency litigation
David Silver learned about cryptocurrency the way a lot of people do—at a dinner party.
How some law firms are affected by the government shutdown
Law firms handling antitrust, capital markets and white-collar defense work are feeling the effects of the partial government shutdown, which has recently become the longest shutdown in U.S. history.
New York takes another tack in climate-change suit against Exxon Mobil

The state of New York has filed a suit that alleges Exxon Mobil misled investors about risks posed to its business by climate-change regulations.

The suit, filed Wednesday in…

SEC, Elon Musk settle over false and misleading statements about Tesla on Twitter
The U.S. Securities and Exchange Commission sued Tesla CEO Elon Musk on Thursday in Manhattan federal court, saying he "made false and misleading statements" to investors in early August on Twitter, according to CNN, USA Today, and the Wall Street Journal.

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