Navigation U.S. District Judge Jed Rakoff of the Southern District of New York said he intends to rule on penalties no later than the first week of May, after receiving briefs from the defendants and the U.S. Securities and Exchange Commission.
'National Law News' Category Archives
SEC Pauses Climate Disclosure Rule Amid Legal Challenges
“[T]he Commission will continue vigorously defending the Final Rules’ validity in court and looks forward to expeditious resolution of the litigation,” the SEC said.
Wilmer Sees Growing Share of Fees From Meta, as Firm's Total Revenue Expands
Law firms may face business risks if a single client’s bills make up more than 5% of a firm’s total revenue, some consultants suggest, while others say the threshold would have to be much higher.
'Failure Is Not Fraud': Dentons Partner, SEC Make Closing Arguments in Terraform Civil Fraud Trial
After hearing nearly two weeks of evidence in the civil fraud case, jurors in the Southern District of New York on Friday began deliberating on whether cryptocurrency company Terraform Labs and its founder Do Kwon defrauded investors by lying about the company’s success.
Inside Track: Activist Investors Poised to Wreak More Havoc, Despite Disney Defeat
“Armed with extensive financial analysis and a deep understanding of the industries they target, activists are increasingly likely to make the case that breaking up or selling off certain divisions or subsidiaries would create more value for shareholders,” Vinson & Elkins told clients.