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Results: 1-10 of 182

Arab Bank found liable for transactions under the Anti-Terrorism Act
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • October 9 2014

On September 22, 2014, a Brooklyn jury found Arab Bank, Jordan's largest lender, guilty of violating the U.S. Anti-Terrorism Act for providing


Second Circuit limits “tippee” insider trading liability
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • December 11 2014

In United States v. Newman, No. 13-1837 (2d Cir. Dec. 10, 2014), the United States Court of Appeals for the Second Circuit reversed the 2013


Cherry-picking & soft dollars
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • August 14 2014

In a decision issued on August 5, 2014 in an administrative proceeding (the "Decision"), J.S. Oliver Capital Management, L.P. And Ian O. Mausner were


SEC Co-Chief of Division of Enforcement’s Asset Management Unit identifies 2015 exam priorities for hedge and private equity funds
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • January 27 2015

On November 18, 2014, Julie M. Riewe, Co-Chief of the Division of Enforcement's Asset Management Unit of the Securities and Exchange Commission (the


Siemens whistleblower complaint underscores need for "top-down" anti-corruption compliance
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • January 28 2013

In 2008, Siemens AG paid $800 million to settle charges that it had violated the Foreign Corrupt Practices Act, which generally prohibits bribery of


Do your diligence - commercial division finds that sophisticated parties may not justifiably rely on alleged misrepresentations when information is readily accessible
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • October 16 2012

In Karfunkel v. Sassower, No. 6022442009 (N.Y. Sup. Ct. Sept. 12, 2012), Judge Peter O. Sherwood granted a motion for summary judgment dismissing plaintiff’s claim of civil fraud for lack of both scienter and justifiable reliance, holding that sophisticated parties may not justifiably rely on alleged fraudulent misrepresentations when accurate information is readily accessible


Line in the sand: Siemens Argentina case limits personal jurisdiction under the FCPA
  • Sheppard Mullin Richter & Hampton LLP
  • Argentina, USA
  • March 8 2013

A New York federal district court judge has dismissed a Foreign Corrupt Practices Act ("FCPA") claim against a former executive of Siemens, S.A


Tenth Circuit affirms high standard for scienter pleading in securities fraud cases against independent auditors
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • February 2 2011

In Dronsejko v Grant Thornton, Nos 09-4222 and 10-4074, US App LEXIS 1052 (10th Cir. Jan. 20, 2011), the United States Court of Appeals for the Tenth Circuit affirmed a decision by the United States District Court for the District of Utah dismissing a securities fraud class action brought by investors in iMergent against its independent auditor, Grant Thornton


Sixth Circuit affirms dismissal of securities fraud complaint where inference of scienter was not supported by sufficiently particularized allegations of fact
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • February 12 2010

In Konkol v. Diebold, Inc., No. 08-4572, 2009 WL 4909110 (6th Cir. Dec. 22, 2009), the United States Court of Appeals for the Sixth Circuit applied the United States Supreme Court’s decision in Tellabs, Inc. v. Makor Issues & Rights, Ltd., 551 U.S. 308 (2007), to hold that securities fraud plaintiffs must plead an inference of scienter that is both “cogent and at least as compelling as any opposing competing inference.”


Recent developments in cases dealing with the False Claims Act’s first-to-file and public disclosure bars
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • October 28 2014

The False Claims Act, 31 U.S.C. 3729-3733, enables whistleblowersalso known as qui tam relators to file fraud suits on