(Westlaw) The Securities and Exchange Commission on September 5 said it has established a new task force to strengthen the enforcement division’s efforts to identify and combat cross-border fraud, particularly violations of federal securities laws involving foreign companies. Focusing on (…)
(Reuters) Wall Street’s top regulator on Wednesday criticized two recent European laws on companies’ disclosures of their environmental, social and governance impacts, underscoring the shift in U.S. financial regulation since President Donald Trump took office. In an address to an (…)
(Syndigate) Bankruptcy Ponzi Scheme Nathan Fuller’s bid to erase debts collapsed because the court found he ran Privvy Investments as a Ponzi scheme, hid assets, and lied under oath. Journalist Hassan Shittu Journalist Hassan Shittu About Author Hassan, a Cryptonews.com (…)
(Westlaw) A Jacksonville, Florida-based engineering recruiting business can include a provision in its Chapter 11 plan imposing a temporary injunction to shield its owner from lawsuits during the plan, a bankruptcy judge has ruled. In re Engineering Recruiting Experts LLC, (…)
(Westlaw) A divided federal appeals court has partially reinstated a proposed class action alleging that Robinhood Markets Inc.’s initial public offering documents concealed declines in its business after the “meme stocks” frenzy of 2021. Sodha et al. v. Robinhood Markets (…)
(Reuters) A federal jury determined on Wednesday that Alphabet’s Google must pay $425 million for invading users’ privacy by continuing to collect data for millions of users who had switched off a tracking feature in their Google account. The verdict (…)
(Reuters) A U.S. judge on Wednesday held a three-hour hearing to consider objections to a deal between the Justice Department and Boeing that allows the planemaker to avoid prosecution on a charge stemming from two fatal 737 MAX plane crashes (…)
(Westlaw) Liberty Mutual Insurance Europe S.E. says it has no duty to indemnify two investment companies for $1.7 million they paid to resolve a tax dispute over a charitable donation of a conservation easement. Liberty Mutual Insurance Europe S.E. v. (…)
(Westlaw) Merle DeLancey Jr. and Samarth Barot of Blank Rome LLP discuss a U.S. Justice Department settlement with a defense contractor and how it demonstrates the need for cybersecurity due diligence in mergers and acquisitions. A recent Department of Justice (…)
(Reuters) -A U.S. appeals court ordered the Securities and Exchange Commission on Monday to assess the economic impact of President Joe Biden-era rules aimed at boosting transparency of short-sell trades, in a partial victory for hedge funds that brought the (…)