On May 19, 2025, the United States District Court for the Eastern District of Pennsylvania (the “Court”) denied final approval of a $40 million proposed settlement in a major class action lawsuit against The Vanguard Group,...more
7/15/2025
/ Breach of Duty ,
Class Action ,
Damages ,
Fiduciary Duty ,
Investment ,
Investment Funds ,
Investors ,
Litigation Strategies ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Settlement ,
Settlement Agreements
The SEC’s Division of Enforcement intends to remain a “cop on the beat,” and will refocus on traditional core enforcement areas, such as insider trading, accounting and disclosure fraud, market manipulation, and breaches of...more
5/27/2025
/ Cryptocurrency ,
Cybersecurity ,
Emerging Technologies ,
Enforcement Actions ,
Enforcement Priorities ,
Fiduciary Duty ,
Financial Crimes ,
Financial Institutions ,
Foreign Adversaries ,
Fraud ,
Insider Trading ,
Investment ,
Investment Adviser ,
Liability ,
Retail Investors ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Regulation ,
Transparency
On April 1, 2025, the United States Court of Appeals for the First Circuit overturned a $93 million judgment issued against Commonwealth Financial Network (“Commonwealth”) nearly one year ago in a case by the Securities and...more