Securities Law

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.

Feb 11, 2019 8:10 AM CST

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 that allows users to post locations of police checkpoints. Ann Prunty, the acting deputy commissioner for legal matters, wrote in…

Feb 8, 2019 3:23 PM CST

Blockchain neophyte carves out niche in cryptocurrency litigation

David Silver learned about cryptocurrency the way a lot of people do—at a dinner party.

Feb 8, 2019 7:00 AM CST

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.

Jan 14, 2019 10:23 AM CST

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 New York state court, alleges securities fraud under the state’s Martin Act and fraud, report the New York Law Journal, the…

Oct 26, 2018 9:29 AM CDT

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.

Sep 28, 2018 3:11 PM CDT

Disbarred attorney consults on case alleging hedge funds mismanaged Kentucky pensions

Bill Lerach, the disbarred California lawyer who won billions in private securities class-action lawsuits before pleading guilty in 2007 to a kickback conspiracy, is reportedly now doing consulting work for his wife, an attorney suing investment groups in Kentucky state court. Michelle Ciccarelli Lerach is arguing that investment groups passed…

Sep 17, 2018 12:50 PM CDT

$480M settlement with Wells Fargo shareholders OK’d by judge

A San Francisco federal judge late Tuesday granted preliminary approval to a $480 million class action settlement between Wells Fargo and shareholders who alleged they were harmed by the bank’s unauthorized accounts scandal.

Sep 5, 2018 1:23 PM CDT

CBS’ statements on sex harassment violated securities laws, suit asserts

A CBS shareholder filed a lawsuit on Monday that alleges the network made materially false and misleading statements when it submitted securities filings about a code of conduct that bans sexual harassment. The suit claims CBS told regulators about conduct standards that included a zero-tolerance policy on sexual harassment, yet…

Aug 29, 2018 9:52 AM CDT

Former BigLaw partner gets prison sentence for work on behalf of Martin Shkreli

A former income partner at Katten Muchin Rosenman was sentenced to 18 months in prison on Friday for conspiracy to commit wire and securities fraud in connection with his representation of jailed drug company CEO Martin Shkreli. U.S. District Judge Kiyo Matsumoto also required Evan Greebel to pay nearly $10.5…

Aug 20, 2018 11:20 AM CDT

Financial fraud enforcer rips crypto culture for letting compliance slide

Financial crimes enforcers are watching cryptocurrency practitioners—and they don’t like what they see.

Aug 13, 2018 6:10 AM CDT

Blood-testing company Theranos CEO Holmes and company president indicted

Elizabeth Holmes, the CEO and founder of blood-testing company Theranos, was indicted Friday on wire fraud charges. Also indicted was Ramesh “Sunny” Balwani, a Theranos employee who had worked as the company’s president and chief operating officer, report the Recorder, the Washington Post, the Huffington Post and the Wall Street…

Jun 18, 2018 10:45 AM CDT

Lawyer is acquitted in alleged scheme to inflate stock price; actress’s ex-husband is convicted

A Las Vegas lawyer has been acquitted of all charges in an alleged scheme to manipulate the stock price of a technology company. Federal jurors in Brooklyn, New York, acquitted Kyleen Cane on charges of conspiracy and securities fraud, Law360 reports. Her co-defendant, Abraxas J. “A.J.” Discala, was convicted of…

May 7, 2018 4:09 PM CDT

Appeals court overturns $34.5M malpractice verdict against Holland & Knight

A California appeals court has overturned a $34.5 million malpractice award against Holland & Knight that had stemmed from the firm’s legal work on behalf of an Atlanta developer accused of making false representations to investors and misappropriating their cash.

Apr 6, 2018 7:00 AM CDT

Whistleblower’s $33M award sets an SEC record

Three whistleblowers will receive $83 million for their whistleblowing that led to a Securities and Exchange Commission investigation and a $415 million settlement.

Mar 20, 2018 7:30 AM CDT