On September 21, 2022, the U.S. Securities and Exchange Commission (“SEC”) charged the CEO, Sheng Fu, and former president, Ming Xu, of Chinese-based technology company Cheetah Mobile Inc. (“Cheetah Mobile” or the...more
9/30/2022
/ 10b5-1 Plans ,
Cease and Desist Orders ,
Civil Monetary Penalty ,
Corporate Counsel ,
Enforcement Actions ,
Insider Trading ,
Material Nonpublic Information ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Securities Violations
SEC Settles First-Of-Its-Kind $13m DeFi Tech Action; NASDAQ Board Diversity Rules Challenged in Fifth Circuit; Delaware Court of Chancery Declines to Enforce Contractual Limitations on Liability to Bar Contractual Fraud...more
8/26/2021
/ Aiding and Abetting ,
Blockchain ,
Board of Directors ,
Civil Conspiracy ,
Constitutional Challenges ,
Contract Disputes ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Diversity ,
Enforcement Actions ,
Fifth Amendment ,
Fraudulent Inducement ,
Investment Companies ,
Investors ,
Misrepresentation ,
Nasdaq ,
Petition for Review ,
Popular ,
Publicly-Traded Companies ,
Purchase Agreement ,
Representations and Warranties ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Fraud ,
Securities Violations ,
Settlement ,
Smart Contracts ,
Token Sales ,
Unjust Enrichment ,
Unregistered Securities
On July 13, 2021, the U.S. Securities and Exchange Commission announced charges against special purpose acquisition corporation Stable Road Acquisition Company, its sponsor SRC-NI, its CEO Brian Kabot, the SPAC’s proposed...more
7/29/2021
/ Acquisitions ,
CEOs ,
Disclosure Requirements ,
Enforcement Actions ,
Mergers ,
Misleading Statements ,
Misrepresentation ,
Omissions ,
Rule 10b-5 ,
Section 17(a) ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Litigation ,
Securities Violations ,
Special Purpose Acquisition Companies (SPACs) ,
Sponsors
Biogen Inc. Wins Some, Loses Some, In Delaware Chancery Court Corporate Records Suit; Southern District of Florida Dismisses Securities Fraud Class Action Against Norwegian Cruise Lines Stemming From Alleged Impacts of...more
4/23/2021
/ Anti-Kickback Statute ,
Banking Sector ,
Bitcoin ,
Books & Records ,
Class Action ,
Coronavirus/COVID-19 ,
Corporate Records ,
Criminal Prosecution ,
Cryptocurrency ,
Delaware General Corporation Law ,
Discovery ,
Dismissals ,
Duty to Correct ,
Duty to Disclose ,
Enforcement Actions ,
Ether ,
False Statements ,
Federal Prosecutors ,
Government Investigations ,
Investment Banks ,
Investors ,
Meeting Minutes ,
Misleading Statements ,
Motion to Compel ,
Policies and Procedures ,
PSLRA ,
Putative Class Actions ,
Scienter ,
Section 220 Request ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Violations ,
Stock Prices
Massachusetts Superior Court BLS Finds No Duty to Disclose Alleged Preliminary Merger Discussions, Northern District of California Declines to Dismiss Oracle Fraud Class Action Suit, SCOTUS Hears Oral Argument in Goldman...more
4/7/2021
/ Arkansas Teacher Retirement System v Goldman Sachs Group ,
Bad Faith ,
Breach of Contract ,
Breach of Duty ,
Burden of Persuasion ,
Burden of Production ,
Business Litigation ,
Class Action ,
Class Certification ,
Collateralized Debt Obligations ,
DE Supreme Court ,
Derivative Suit ,
Dismissal With Prejudice ,
Dismissals ,
Duty to Disclose ,
Enforcement Actions ,
Fiduciary Duty ,
Fraud ,
Investors ,
Mergers ,
MetLife ,
Misleading Statements ,
Motion to Dismiss ,
Oracle ,
Oral Argument ,
Pensions ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Shareholders ,
Stock Prices
Rhode Island Federal Court Dismisses Securities Class Action Against CVS Arising From Statements Made After Omnicare Acquisition; SEC Division of Corporation Finance Suggests Companies Issue Additional Disclosures When...more
3/3/2021
/ Acquisitions ,
Asset Purchase Agreements ,
Board of Directors ,
Breach of Contract ,
Breach of Duty ,
Buyers ,
Capital Raising ,
Cardinal Health ,
Class Action ,
Closing Documents ,
CVS ,
Derivative Suit ,
Disclosure Requirements ,
Dismissals ,
Division of Corporate Finance ,
Enforcement Actions ,
Fiduciary Duty ,
Investors ,
Market Volatility ,
Mergers ,
Mismanagement ,
Motion To Strike ,
Omnicare ,
Opioid ,
Purchase Price Adjustment ,
Putative Class Actions ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Unclean Hands ,
Volkswagen