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.
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…
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.
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…
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…
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.
Three whistleblowers will receive $83 million for their whistleblowing that led to a Securities and Exchange Commission investigation and a $415 million settlement.
The founder and CEO of blood testing company Theranos has agreed to settle civil fraud charges filed Wednesday by the Securities and Exchange Commission.
A federal judge in Brooklyn, New York, sentenced a tearful Martin Shkreli to seven years in prison for securities fraud Friday after he told the court he was there because of his “gross, stupid and negligent mistakes.”
A federal judge in Brooklyn, New York, has ordered former drug company CEO Martin Shkreli to forfeit $7.36 million in connection with his conviction for securities fraud.
An initial coin offering allows accredited investors to bankroll the creation of a blockchain that will repay them in “coin” or “token” credits that can be traded. Unlike an initial public offering, an ICO does not confer equity in the company.
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