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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.        

“[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.        

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.        

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.        

“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.