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Securities Litigation, Investigations and Enforcement Blog

Articles: 1-10 of 55

SEC Continues to Target Private Equity Firms, Entering Into $52 Million Settlement with Apollo Global Management

USA - August 31 2016 On August 23, 2016, the SEC entered into a settlement that reflects a continuation of its recent trend of increasingly active pursuit of private…

SDNY Prosecutors Score First Post-Newman Insider Trading Conviction

USA - August 17 2016 On August 17, 2016, jurors in a New York federal court convicted Sean Stewarton criminal charges of conspiracy, securities fraud, and tender offer…

Seventh Circuit Brands Disclosure-Only Settlement a “Racket” and Endorses Delaware Court of Chancery’s Stricter Standard for Approval of Disclosure-Only Settlements

USA - August 16 2016 In a 2-1 decision, the Seventh Circuit has joined the Delaware Court of Chancery’s call for enhanced scrutiny of “disclosure-only” M&A settlements…

ALJs are A-OK: D.C. Circuit Upholds Constitutionality of SEC In-House Courts

USA - August 12 2016 In several recent decisions we have covered (here and here), Federal Circuit Courts have unanimously ruled that respondents in an SEC enforcement…

It’s Not Easy Being Green: LeapFrog Execs Dodge Class-Action Over Sales Projections

USA - August 9 2016 On August 2, 2016, U.S. District Judge Edward Chen dismissed a shareholder lawsuit brought against children’s educational toymaker LeapFrog…

Delaware Chancery Court Finds that Director Defendants Can Not “Merge Their Way Out of” Breach of Fiduciary Claims

USA - August 3 2016 On July 28, 2016, the Delaware Chancery Court allowed claims of unfair dealing against the Board of property management company Riverstone National…

The SEC Audit Trail - Several Industry Groups See Problems as Currently Proposed

USA - July 28 2016 Last week, several securities industry groups filed critical responses to the SEC’s plan for an audit trail. While most groups that commented on the…

Will It Be Enough?: SEC Amends Rules to Look More Like Federal Court

USA - July 19 2016 In a move that will make Securities and Exchange Commission administrative proceedings look more like civil litigation in federal court, on July 13…

Shareholder Derivative Suit Following Data Breach Misses Target

USA - July 15 2016 On July 7, 2016, Judge Paul A. Magnuson of the United States District Court for the District of Minnesota granted Defendants’ Motions to Dismiss a…

Equity Trust Notches a Rare Defense Win in SEC Administrative Proceedings

USA - July 7 2016 On June 27, 2016, SEC Administrative Law Judge Carol Fox Foelak dismissed the Division of Enforcement’s charges against IRA custodian Equity Trust…