Category: Securities Law

When there are allegations of misconduct by those involved in the financial industry or the business world, it may take months, if not years, for prosecutors to move on the information they have, as building a case takes a lot of time. As a result,…

As you know, every business and corporation has private information that details past, present and potentially future dealings, all of which had or may have an effect on current economic trends. The disclosure of sensitive private information can potentially hurt a business’s or corporation’s operations…

Multinational generic pharmaceutical giant Teva reached a $420 million settlement with shareholders who claimed the company hid a price-fixing scheme and artificially inflated share prices. According to the suit, filed in federal court in Connecticut, the price-fixing activity allowed the company to raise some drug…

Any party who issues, sells or promotes securities is forbidden from making false or misleading statements and from omitting material information regarding the security. What is a material omission? According to the U.S. Securities and Exchange Commission (SEC), a fact is material when “there is…

Corporate executives and their trading practices are being further scrutinized by the U.S. Securities and Exchange Commission (SEC), which is reviewing possible rule changes, as well as possible abuses of existing rules pertaining to stock trading options. The SEC’s plans were disclosed on June 14…

According to legend, the heroic outlaw Robin Hood robbed from the rich to give to the poor. But, according to a pair of lawsuits filed by the Securities and Exchange Commission (SEC) and the state of Massachusetts, Robinhood Financial LLC is accused of taking advantage…

In 2019, the former CEO and COO of MiMedx were indicted for allegedly engaging in a fraudulent scheme to inflate the Georgia-based wound care company’s revenue. Roughly a year later, both men have been found guilty on securities fraud charges. Specifically, former CEO Parker H.…

In July, the U.S. Securities and Exchange Commission (SEC) sent Wells notices to Under Armour and two of its executives. The notices of possible enforcement action are part of a probe into the activewear company’s accounting practices, which the SEC claims may have violated securities…

The U.S. Securities and Exchange Commission (SEC) is looking for forensic tools to more closely monitor the crypto industry, particularly with regard to blockchain smart contracts. The regulator issued a notice on July 30, requesting solicitations from companies that might provide software that can analyze…

Enthusiasm for Bitcoin has factored largely in many decisions to invest in the cryptocurrency market. But according to 11 class actions filed on April 3 in the Southern District of New York, four crypto-asset exchanges and seven digital token issuers took advantage of that enthusiasm…