Topic
Securities
6,683 published works
Global Investigations & Compliance Review
Recent Discover Lawsuits Provide Compliance Lessons
In September, a class action lawsuit (Mannacio v. Discover Financial Services, et al., No. 23-cv-06788 (N.D. Ill.)) was filed against Discover Financial Services (“Discover”) alleging Discover and certain current and/or…
Known Trends
Recent Updates to Nasdaq Listing Rules
This post discusses three recent updates to Nasdaq listing rules including relating to 1) reverse stock splits, 2) board diversity, and 3) code of conduct waivers. Reverse stock splits. On…
SEC Actions
This Week In Securities Litigation (Week of November 6, 2023)
The cases filed by the Commission last week centered on manipulation, misrepresentations, cybersecurity and crypto assets. The agency also adopted new rules regarding security-based swap execution facilities. Be careful, be…
The D&O Diary
Barclays Hit with Securities Suit Over Disclosures About CEO’s Relationship with Jeffrey Epstein
Jeffrey Epstein’s life, misdeeds, and death make for a sordid and scandalous tale. Epstein’s story is the backdrop of a new securities class action lawsuit that has been filed against…
The Securities Law Blog
SEC Charges Royal Bank of Canada with Internal Accounting Controls Violations
The Securities and Exchange Commission today announced that Canada’s largest bank, Royal Bank of Canada, will pay a $6 million penalty to settle charges that it violated the books and…
D&O Discourse
The Importance of Early Analysis of Structural Issues in Securities Class Action Defense
By Doug Greene
Bill Lerach gave the best motion to dismiss oral argument I’ve ever seen. Using a stock-price chart with key events and allegations plotted along the alleged class period, he told…
Free Writings + Perspectives
Rule 144A Relief from Rule 15c2-11
By Caitlin Kaplan, Anna T. Pinedo
The Securities and Exchange Commission (SEC) has granted an order exempting Rule 144A fixed-income securities (fixed-income securities that are issued in accordance with the requirements of Rule 144A) from Rule…
SEC Actions
This Week In Securities Litigation (Week of October 30, 2023)
The Commission filed two new enforcement action last week. One was based on incorrect statements. The second focused on the misappropriation of client assets by an investment adviser. The Director…
Minding Your Business
A Name is Not Enough: Ninth Circuit Finds No Standing for First-to-File Shareholder to Appeal Securities Class Action
Imagine you are an investor and you decide to file a lawsuit after a company that you invest in suffers a stock drop. When you get to the courthouse, you…
The CLS Blue Sky Blog
SEC Enforcement Chief Speaks on Corporate Compliance
I’d like to start by returning to a theme that I’ve touched on before, and that is how public trust in our institutions is faltering.[1] No sector is immune from…