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A New York jury found SBF guilty of all seven criminal counts, including wire fraud and conspiracy to commit wire fraud against FTX customers. [read post]
18 Apr 2024, 9:01 pm by renholding
”[2] With respect to the latter, just over a week ago, the SEC prevailed on its fraud claims against Terraform and its founder Do Kwon.[3] A jury in the Southern District of New York found the defendants liable for misleading investors in multiple ways before the collapse of their stablecoin, along with the rest of their ecosystem, in 2022. [read post]
16 Apr 2024, 1:55 pm by Yosi Yahoudai
The financial difficulties at Fisker, the Manhattan Beach electric vehicle startup, became so severe, its stock price so battered, that it’ll get kicked off the New York Stock Exchange on April 22, or, more formally, be “delisted. [read post]
16 Apr 2024, 5:29 am by Samuel Estreicher and Samuel Ball
Samuel Ball is a second-year J.D. candidate at New York University School of Law. [read post]
15 Apr 2024, 7:25 am by Unknown
Macquarie’s stock price fell around 41 percent.In a complaint filed in the Southern District of New York, Moab Partners, L. [read post]
11 Apr 2024, 6:47 am by Dan Bressler
” “Litigation Funders Set to Prosper in Proposed NY Rule Change” — “A New York City bar committee is pushing to change state rules to allow law firms to assign or pledge fees in exchange for outside financing. [read post]
10 Apr 2024, 8:22 am by Bob Ambrogi
” Under Camara’s leadership, DISCO in July 2021 became one of just a handful of legal technology companies ever to go public, listing on the New York Stock Exchange. [read post]
9 Apr 2024, 12:06 am by Josh Richman
And in between, he ran for statewide office in New York. [read post]
3 Apr 2024, 1:28 pm by Kevin LaCroix
The Lawsuit On April 2, 2024, a plaintiff shareholder filed a securities class action lawsuit in the Southern District of New York against the company, certain of its directors and officers, and its offering underwriters. [read post]
2 Apr 2024, 1:03 pm by Race to the Bottom
(Dave Levinthal & Madison Hall, Business Insider; Kate Kelly et al., New York Times). [read post]
1 Apr 2024, 7:51 am
"Billionaires told The Post he would cold email with business proposals, while other Wall Streeters acclaimed him as a 'genius' and one CEO of the New York Stock Exchange called him an 'inspiration' on a par with the Founding Fathers.... [read post]
1 Apr 2024, 6:44 am by Unknown
By Anne Sherry, J.D.The Southern District of New York dismissed a derivative lawsuit seeking disgorgement of short-swing profits. [read post]
29 Mar 2024, 6:30 am
Securities and Exchange Commission, on Saturday, March 23, 2024 Tags: Climate, cyber disclosure, SEC, SPACs, U.S. [read post]
29 Mar 2024, 6:30 am
Securities and Exchange Commission, on Saturday, March 23, 2024 Tags: Climate, cyber disclosure, SEC, SPACs, U.S. [read post]
29 Mar 2024, 4:00 am by Jim Sedor
The Central Florida Tourism Oversight District, made up of DeSantis appointees, agreed to drop its lawsuit against the company in exchange for Disney relinquishing some control [read post]
23 Mar 2024, 3:10 am by Financial Times
Enlarge / Steve Huffman, u/spez on Reddit, sold 500,000 of his shares in Reddit’s IPO on Thursday (credit: AFP via Getty Images) In an interview on the New York Stock Exchange trading floor ahead of Reddit’s market debut on Thursday, chief executive Steve Huffman acknowledged that the mischievous retail investors that congregate on the social media platform might deliberately drive down its share price. [read post]
22 Mar 2024, 1:42 pm by Joseph Fishkin
In a perverse way, it’s brilliant: by taking Truth Social public via SPAC at a wildly inflated price (future ticker symbol “DJT”), former president Donald Trump is now making it possible for any entity—a foreign government, sovereign wealth fund, domestic high-dollar lobbyist, a mere political supporter—to literally buy a piece of DJT.Rather than going through the at-least-somewhat-regulated campaign finance system, starting next week, anyone can simply buy shares of… [read post]
13 Mar 2024, 9:05 pm by Ariel Breitman
Congress authorized the Financial Industry Regulatory Authority, a nongovernmental body made up of various groups within The New York Stock Exchange and The Association of Securities Dealers, to provide exams for over 624,000 brokers and dealers. [read post]
13 Mar 2024, 4:18 am
Applicant Hartford pointed out that its stock ticker symbol HIG has been publicly listed on the New York Stock Exchange since 1995, peacefully co-existing with the cited registrations. [read post]