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22 Jan 2024, 9:01 pm by renholding
During his tenure, the Commission adopted a very significant and impactful regulation — rule 146 under the Securities Act of 1933 (the “Securities Act”).[1] If rule 146 does not ring a bell, do not worry. [read post]
21 Jan 2024, 9:05 pm by renholding
The SEC has frequently used Section 17(a) of the Securities Act of 1933, a provision that applies not only to the “sale” of securities but also more broadly to “offers” to sell securities.[6]  While termination of a Rule 10b5-1 plan does not constitute fraudulent conduct within the meaning of Rule 10b-5 because it does not involve an actual purchase or sale of a security, the same issue does not exist with respect to Section 17(a)… [read post]
19 Jan 2024, 10:34 am by luiza
In the meantime, here is our listing of the top FCPA recoveries for 2022. 1 — Albemarle ($218M). [read post]
19 Jan 2024, 7:09 am by Melissa Tremblay
One case yielded a $90 million settlement.  The other is in litigation, with over $1 billion in damages alleged by the government. [read post]
17 Jan 2024, 4:00 am by Michael C. Dorf
 Section 3: Each violation of Section 1 of this Act shall be punishable by up to one year in prison and/or a fine or tax of up to $100 for each $10 of value in currency conversions. [read post]
16 Jan 2024, 1:19 pm by Kevin LaCroix
During the close-to-close trading sessions affected by a short report, defendant issuers’ stock price declined by 16.8%, on average, and incurred additional declines of 16.0% during the 90-day look-back period of Section 21D(e)(1) of the Private Securities and Litigation Reform Act.[3][4] Third, Rule 10b-5 private securities fraud lawsuits based primarily on activist short-seller research may not be indicative of actual fraud-on-the-market since the work product does not… [read post]
16 Jan 2024, 11:33 am by Jacob Fishman
We end the Article by analyzing the meaning of “predecessor in interest” for purposes of Rule 804(b)(1), and also whether exculpatory grand jury testimony is admissible against the government under that same rule. [read post]
16 Jan 2024, 2:22 am by Eden Winlow (Bristows)
  Further, DABUS is not even a legal person (such as a corporation) and therefore cannot transfer rights. [read post]
12 Jan 2024, 7:31 am by Guest Author
In Macomber, the Court held that Congress could not tax a shareholder upon the receipt of a corporate stock dividend because it did not represent a change in the shareholder’s economic interest in the corporation. [read post]
11 Jan 2024, 2:58 pm by Guest Author
”[1] And today, a small group of some of the world’s most powerful corporations exercise complete control over that public square. [read post]
10 Jan 2024, 9:23 am by Levin & Perconti Team
Federal fines may be imposed one time, or they may be imposed daily at a rate of $50 to $10,000 per day until the deficiency is corrected.The state can recommend fines for federal violations but does not have the authority to impose them. [read post]
10 Jan 2024, 9:23 am by Levin & Perconti Team
Federal fines may be imposed one time, or they may be imposed daily at a rate of $50 to $10,000 per day until the deficiency is corrected.The state can recommend fines for federal violations but does not have the authority to impose them. [read post]
8 Jan 2024, 5:43 am by Christine Bontuyan
What Does the Philippine Constitution Say Regarding Land Acquisition? [read post]
8 Jan 2024, 4:00 am by Kathleen Claussen
A Bit of Background For the investment law enthusiasts among you, you may recognize Doe Run as a sister company and co-complainant of Renco, a corporation that has pursued relief against Peru in two separate arbitrations. [read post]
8 Jan 2024, 4:00 am by Kathleen Claussen
A Bit of Background For the investment law enthusiasts among you, you may recognize Doe Run as a sister company and co-complainant of Renco, a corporation that has pursued relief against Peru in two separate arbitrations. [read post]
8 Jan 2024, 3:36 am by Carl De Cicco and Alison Heaton
National Insurance Contributions (NICs): Class 1 employee NICs will be cut from 12% to 10% on 6 January 2024. [read post]