Plaintiffs lawyer Jay Edelson told Reuters that he is researching whether Twitter could be sued for giving blue check marks to fake accounts that misled consumers and corporate shareholders.
The U.S. Securities and Exchange Commission is being targeted by critics on Truth Social, former President Donald Trump's social media platform, after a holdup in a merger with a special purpose acquisition company because of an SEC investigation.
The chief financial officer for failed law firm Dewey & LeBoeuf will pay more than $95,000 to resolve a civil lawsuit filed by the U.S. Securities and Exchange Commission alleging that he falsified financial statements to raise money for the firm.
Thomson Reuters has unveiled the latest iteration of Westlaw, its widely used online legal research platform. Westlaw Precision was introduced Wednesday and is the company’s first new version in more than four years.
Despite Goldman Sachs’ attempt to avoid a 12-year-old gender bias class action lawsuit, a federal judge said Monday the case will head to trial next June.
U.S. District Judge John Adams of Akron, Ohio, is looking for new lawyers to represent a utility company’s shareholders after tossing current counsel from the case.
A former top lawyer at Apple who was tasked with enforcing its insider trading policy pleaded guilty Thursday in a scheme to trade on the company's material, nonpublic information.
Legal malpractice insurers are reporting skyrocketing payouts of tens of millions of dollars, even as claims frequency remains relatively flat, according to a survey by insurance broker Ames & Gough.
A federal appeals court ruled Wednesday that administrative trials by the U.S. Securities and Exchange Commission violate the Seventh Amendment right to a jury trial when civil penalties are sought.
The U.S. Securities and Exchange Commission is accusing a Florida attorney of defrauding at least 380 clients, most of whom have disabilities and are recipients of Medicaid or Social Security Supplemental Security Income benefits.
The U.S. Securities and Exchange Commission alleges in a lawsuit that a Las Vegas lawyer and his law firm were involved in a $449 million Ponzi scheme that sold investments in fictitious insurance tort settlements.
Barclays, a British bank, estimates that it will suffer a loss of nearly $600 million after it issued securities that exceeded the amount registered in the United States by about $15 billion.
