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Results: 1-10 of 206

Supreme Court Holds That “Actual Fraud” Under Section 523(a)(2)(A) of the Bankruptcy Code May Include Fraudulent Transfers That Occur Without False Representations
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • June 20 2016

On May 16, 2016, the United States Supreme Court in Husky International Electronics v. Ritz held that the phrase “actual fraud” under section


United States Supreme Court declines to apply the "discovery rule" to extend the five-year statute of limitations for SEC punitive fraud enforcement actions
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • March 6 2013

In Gabelli v. Securities & Exchange Commission, No. 11-1274, 2013 WL 691002 (U.S. Feb. 27, 2013), the United States Supreme Court, in a unanimous


Delaware Court Affirms Utility of Non-Reliance Clause in Dismissing Fraud Claim
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • February 22 2017

In IAC Search, LLC v. Conversant LLC (fka ValueClick, Inc.), 2016 WL 6995363 (Del. Ch. Nov. 30, 2016), the Delaware Court of Chancery provided a


What is a “Personal Benefit” for Insider Trading Tippee Liability?
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • March 9 2016

On February 29, 2016, in Securities and Exchange Commission v. Payton et al, a jury found two stockbrokers liable for trading on confidential tips


Second Circuit reverses order disqualifying defense counsel in suit over demutualization of insurance company
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • October 13 2009

In Murray v. Metropolitan Life Ins. Co., No. 09-3716-CV, 2009 WL 3080462 (2d Cir. Sept. 29, 2009), the United States Court of Appeals for the Second Circuit reversed an order by the district court disqualifying defense counsel for a life insurance company in an action alleging fraud in connection with the demutualization of defendant life insurance company


Ninth Circuit severely limits “rogue employee” exception for corporations in securities fraud cases
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • November 23 2015

In an issue of first impression, the Ninth Circuit Court of Appeals recently held that a rogue corporate officer's fraudulent intent can be imputed


New year, New Orleans, old tricks
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • January 15 2015

The Department of Justice’s Kleptocracy Initiative is kicking off 2015 strong. On January 13, 2015, the DOJ filed a civil complaint seeking the


Second Circuit clarifies that allegations of direct fraudulent representations are not necessary for market manipulation claims under Section 10(b) and rule 10b-5
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • February 11 2015

In Fezzani v. Bear, Stearns & Co., Inc., No. 14-3983, 2015 WL 400547 (2d Cir. Jan. 30, 2015) (“Fezzani II”), the United States Court of Appeals for


Second Circuit notes split with Ninth Circuit over whether failure to make adequate disclosures under item 303 of Regulation S-K may serve as basis for a Section 10(b) claim
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • January 26 2015

In Stratte-McClure v. Morgan Stanley, No. 13-0627-cv, 2015 WL 136213 (2d Cir. Jan. 12, 2015), the United States Court of Appeals for the Second


Who’s a “foreign official”? Supreme Court could clarify key FCPA term
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • September 18 2014

On August 14, 2014, Joel Esquenazi and Carlos Rodriguez filed a Petition for a writ of certiorari in the U.S. Supreme Court seeking clarification of