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18 Oct 2020, 2:35 pm by Kevin LaCroix
As discussed in an October 17, 2020 Wall Street Journal article entitled “String of Companies That Imploded Have Something in Common: Ernst & Young Audited Them” (here), a number of EY audit clients have faced financial issues in recent months, raising questions whether there is something about EY’s audit approach that contributed to the problems or allowed the problems to happen. [read post]
10 Oct 2020, 2:23 pm
The Wall Street Journal provided perhaps the best summary: The report, most of which is classified, portrays the $85 billion-a-year U.S. intelligence community as overly focused on traditional targets such as terrorism and adversaries’ militaries. [read post]
5 Oct 2020, 9:13 am by Silver Law Group
Our attorneys represent investors in class actions against issuers in state or federal court and investors in securities arbitration claims against Wall Street firms for stockbroker misconduct. [read post]
2 Oct 2020, 12:39 pm by Silver Law Group
Our attorneys represent investors in class actions against issuers in state or federal court as well as investors in securities arbitration claims against Wall Street firms for stockbroker misconduct. [read post]
30 Sep 2020, 6:27 am by Geoff Schweller
These 100 whistleblowers have forever changed Wall Street by demonstrating the efficacy of the SEC Whistleblower Program and proving the crucial role whistleblowers can play in fighting corporate fraud. [read post]
29 Sep 2020, 6:43 am by Geoff Schweller
” Kohn and Wilmoth conclude their piece by stating: In the end, the whistleblowers’ courage and sacrifice changed Wall Street. [read post]
27 Sep 2020, 4:07 pm by Kevin LaCroix
The Wall Street Journal’s September 25, 2020 article about the settlement can be found here. [read post]
22 Sep 2020, 9:24 am by Geoff Schweller
An SEC whistleblower has penned an essay explaining why they “broke Wall Street’s code of silence. [read post]
21 Sep 2020, 6:08 am by Trey Herr, Garrett Hinck, Tim Maurer
Even Wall Street firms, usually not known for being cozy with each other, come together to better protect themselves against cyber risks, for example, through sectorwide exercises or joint initiatives such as the Financial Systemic Analysis & Resilience Center. [read post]
17 Sep 2020, 11:12 am by Silver Law Group
Our attorneys represent investors in class actions against issuers in state or federal court and investors in securities arbitration claims against Wall Street firms for stockbroker misconduct. [read post]
17 Sep 2020, 6:23 am
This concept of capitalism took hold in the business schools and the boardrooms, became ascendant in the eighties and continued as Wall Street gospel until 2008, when the perils of short-termism were vividly illuminated by the financial crisis, and the long-term economic and societal harms of shareholder primacy became increasingly urgent and impossible to ignore. [read post]
16 Sep 2020, 1:39 pm by Silver Law Group
The previous day The Wall Street Journal reported that the Justice Department was looking into the claims. [read post]
14 Sep 2020, 12:45 pm by Silver Law Group
Our attorneys represent investors in class actions against issuers in state or federal court and investors in securities arbitration claims against Wall Street firms for stockbroker misconduct. [read post]
10 Sep 2020, 9:05 pm by Joshua Burd
FLASHBACK FRIDAY In an essay in The Regulatory Review, Charlie Rosenthal analyzed Steven Schwarcz’s argument that the Dodd-Frank Wall Street Reform and Consumer Protection Act is based on faulty assumptions about large banks being “too big to fail. [read post]
10 Sep 2020, 2:24 pm by Kevin LaCroix
  As discussed in a September 9, 2020 Wall Street Journal article entitled “Zillow, Nextdoor and Other Companies Pledge to Add Black Directors” (here), a number of public and private companies have committed to adding a Black director to their boards within the next year. [read post]
10 Sep 2020, 11:29 am by Michael Madison
  If many react to this like they reacted to Wall Street’s Gordon Gekko, dismembering companies in the name of greed, many others react happily. [read post]
8 Sep 2020, 9:39 am by Silver Law Group
This award highlights how frequently wall street insiders try to report internally without any positive action being taken. [read post]
8 Sep 2020, 6:37 am
In the wake of this COVID-19-induced stock pummeling, there were widespread claims being made by large investors and fund managers (such as Blackrock, Morningstar), purveyors of ESG data (such as MSCI), as well as by the financial press (including Fortune, the Financial Times, and the Wall Street Journal) that companies with higher environmental, social, and governance (“ESG”) performance scores were immunized against the pandemic-induced value… [read post]