The termination of a corporate employee is generally a matter resolved by the parties involved. In some instances, litigation ensues. That litigation would typically involve the company and the employee. Recently, however, the SEC filed an enforcement action against a …
This was a week of confusion for some about crypto. Coinbase, a prominent crypto exchange, was fined $100 million by New York state regulators for compliance failures. The Commission filed an action involving what it called CoinDeal. That case had …
This Week In Securities Litigation (Week of January 9, 2023) Read More »
Cooper Morenthau served as the CFO of publicly traded SPAC African Gold Acquisition Corporation, a firm looking to acquire a company in the gold mining industry. During that time, Defendant misappropriated about $5 million from his employer. For a time, …
As 2022 drew to an end the Commission filed a variety of enforcement actions covering a variety of areas. The pattern is consistent with that of the second and third quarters last year. The actions filed include the requirements for …
This Week In Securities Litigation (Week of January 2, 2023) Read More »
Offering frauds are one of the largest groups of cases regularly filed by the SEC’s Division of Enforcement. While the actions take on various forms, typically investors are induced to part with their investment funds by offers that are too …
Last week was peppered with huge headlines. First, The Commission, CFTC and DOJ filed charges tied to the collapse of FTX. That was followed another agency action charging social influencers with market manipulation, a case sure to impact social media. …
This Week In Securities Litigation (Week of December 19, 2022) Read More »
The Public Company Accounting Oversight Board declared victory yesterday in the battle to inspect audit workpapers for China based issuers whose shares are listed on U.S. exchanges, according to a press release dated December 15, 2022. Specifically, the release headline …