Topic
Securities
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SEC Actions
This Week In Securities Litigation (Week of August 26, 2024)
Last week the Commission filed three new cases. One centered on an offering fraud; a second focused on a Ponzi scheme; and the third was based on false statements. Be…
Cleary Securities, Disclosure, and Governance Watch
District Court Holds Missouri’s “Anti-ESG” Rules are Preempted by Federal Law, Violate First Amendment, and are Unconstitutionally Vague[1]
By Francesca L. Odell, Robin M. Bergen, Helena K. Grannis, Lillian Tsu, Charity E. Lee, Adrian Gariboldi
On August 14, 2024, the U.S. District Court for the Western District of Missouri (the “District Court”) issued a decision ordering a permanent injunction against rules promulgated by the Missouri…
The Securities Law Blog
SEC Charges Carl Icahn and Icahn Enterprises L.P. for Failing to Disclose Pledges of Company’s Securities as Collateral for Billions in Personal Loans
The Securities and Exchange Commission today announced charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose information relating to Icahn’s pledges…
SEC Actions
This Week In Securities Litigation (Week of August 19, 2024)
The Commission filed five new enforcement actions last week. Those cases were based on crypto pyramid schemes (two cases), false statements, an offering fraud and a stock manipulation. Be careful,…
Financial Services Observer
SEC Collects $390 Million in Latest Crackdown on ‘Off-Channel’ Communications in the Financial Industry
By Tracy S. Combs, Richard M. Cutshall, Tracy L. Gerber, Patrick Kassen, Steven M. Malina, Daniel J. Wadley
In the latest installment of its ongoing “off-channel” communications sweep, on Aug. 14, 2024, the Securities and Exchange Commission announced settlements totaling $393 million with 26 investment advisers and brokers-dealers for widespread…
The CLS Blue Sky Blog
SEC Hits Dozens of Firms With $390 Million Penalty for Recordkeeping Failures
By Securities, Exchange Commission
The Securities and Exchange Commission on August 14 announced charges against 26 broker-dealers, investment advisers, and dually-registered broker-dealers and investment advisers for widespread and longstanding failures by the firms and…
The D&O Diary
Extreme Networks Hit with COVID-Related Securities Suit
One of the more interesting recent litigation phenomena is that even though we are now well into the fifth year since the initial COVID outbreak in the U.S., COVID-related securities…
The D&O Diary
9th Circ.: SPAC Investors Lack Standing to Sue Over Merger Target Company’s Misrepresentations
In a significant number of the many SPAC-related lawsuits that have been filed in recent years, SPAC investors allege that executives at the previously private target company into which the…
SEC Actions
This Week In Securities Litigation (Week of August 12, 2024)
Last week the Commission filed four new cases. One centered on insider trading while three focused on offering frauds. Be careful, be safe this week and stay cool. SEC Enforcement…
The D&O Diary
NERA: First Half Securities Suit Filings Roughly Level with Last Year’s Pace
The number of federal court securities class action filings in the year’s first half project to a year-end total roughly level with year-end total number of suit filings last year,…