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Results: 1-10 of 184

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


Add importers to those facing expanding whistleblower claims under the False Claims Act
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • March 5 2015

On February 12, 2015, the Department of Justice (DOJ) announced that three U.S.-based importers had agreed to pay more than $3 million to resolve a


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 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


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


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 holds that federal common law prohibits trading by insiders of a Cayman Islands corporation while in possession of material nonpublic information
  • Sheppard Mullin Richter & Hampton LLP
  • Cayman Islands, USA
  • February 4 2014

In Steginsky v. Xcelera Inc., Nos. 13-1327-cv, 13-1892-cv, 2014 WL 274419 (2d Cir. Jan. 27, 2014), the United States Court of Appeals for the Second


Dodd-Frank whistleblower protection: for America only
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • November 13 2013

The U.S. District Court for the Southern District of New York has held that the whistleblower protection provisions of the Dodd-Frank Act do not


Ninth Circuit affirms dismissal with prejudice of Corinthian Colleges securities fraud class action
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • August 5 2008

In Metzler Investment GMBH v. Corinthian Colleges, Inc., 2008 WL 2853402 (9th Cir. July 25, 2008), the United States Court of Appeals for the Ninth Circuit affirmed the dismissal with prejudice of a securities fraud class action, holding that plaintiffs had failed to plead the essential elements of loss causation, scienter and falsity consistent with the requirements of prevailing Supreme Court and Ninth Circuit authority


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