In granting certiorari in Facebook Inc. v. Amalgamated Bank and Nvidia Corp. v. E. Ohman J:or Fonder AB, the U.S. Supreme Court signaled its intention to provide further guidance concerning application of the heightened...more
10/15/2024
/ Certiorari ,
Deceptive Intent ,
Disclosure ,
Facebook ,
Form 10-K ,
Investors ,
Objective Falsity ,
Personal Data ,
PSLRA ,
Scienter ,
SCOTUS ,
Securities Fraud
In a pair of orders issued this month, the U.S. Supreme Court signaled plans to provide further guidance in its upcoming Fall term concerning application of the heightened standard for pleading securities fraud claims...more
7/2/2024
/ Acquisitions ,
Appeals ,
Data-Sharing ,
Facebook ,
Form 10-K ,
Petition for Writ of Certiorari ,
PSLRA ,
Rule 10b-5 ,
Scienter ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Fraud
The Securities and Exchange Commission obtained a victory in a closely-watched trial when a jury found Matthew Panuwat liable for insider trading based on a “shadow trading” theory. The jury’s verdict, as well as increased...more
Underscoring its stated enforcement focus on fulsome disclosure of issuers’ businesses and trends in their operations, the U.S. Securities and Exchange Commission settled charges with General Electric Company on December 9,...more
Companies should consider notifying their insurers of business interruption losses in the wake of the COVID-19 crisis. While the insurance industry is pushing a general message that this type of loss is generally not covered...more
Business interruption (BI) insurance can cover companies for losses for business disruptions that relate to events like fires and power outages. But will it protect your company from losses stemming from the COVID-19 or...more