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Results: 1-10 of 193

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


FCPA and anti-corruption enforcement update: April - September 2012
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • October 24 2012

We regularly report on Foreign Corrupt Practices Act ("FCPA") developments and have furnished subscribers with a primer on the FCPA


Second Circuit applies Morrison to criminal prosecution under Section 10(b) and Rule 10b-5
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • October 23 2013

In United States v. Vilar, Case Nos. 10-521(L), 10-580(CON), 10-4639(CON), 2013 WL 4608948 (2d Cir. Aug. 30, 2013), the United States Court of


Federal judge upholds DOJ's expansive application of FCPA
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • May 11 2011

On April 20, 2011, in a prosecution brought against Lindsey Manufacturing Company (“Lindsey”) and several of its officers and employees, a U.S. Federal District Court Judge ruled that the term “instrumentalities” applies to foreign state-owned enterprises under the Foreign Corrupt Practices Act (“FCPA”


New York's high court rejects attempts to expand liability of outside professional service providers for failing to detect corporate fraud
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • October 27 2010

In Kirschner v. KPMG LLP, 2010 NY Slip Op. 07415, 2010 WL 4116609 (N.Y. Oct. 21, 2010), a majority of the New York Court of Appeals declined to expand liability of outside professional service providers who allegedly failed to detect or stop corporate wrongdoing


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


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


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


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 allegations of direct fraudulent representations are necessary for market manipulation claims under Section 10(b) and Rule 10b-5
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • May 24 2013

In Fezzani v. Bear, Stearns & Co., Inc., No. 09-4414-cv, 2013 WL 1876534 (2d Cir. May 7, 2013), a 2-1 majority of a panel of the United States Court