Popular Litigation Topics & News

  • Wilmington Trust Securities Fraud Class Reaches $210M Deal
    A class of shareholders accusing Wilmington Trust of concealing information about its fiscal health in its filings with the U.S. Securities and Exchange Commission asked a Delaware federal judge Friday to approve a $210 million deal to end its securities fraud suit. ... Read more...
    Source: Law 360Published on 2018-05-25
    7 hours ago
  • Broker Busted In $300M Stock Fraud Asks For Lighter Penalty
    A former broker tied up in a $300 million market manipulation scheme that involved using an attorney escrow account to make trades on Thursday asked a New York federal judge for no more than 41 months in prison, saying his role in the scheme was small. ... Read more...
    Source: Law 360Published on 2018-05-25
    7 hours ago
  • Ties To Alleged Indian Bank Fraud Threaten Jewelers’ Ch. 11s
    The Chapter 11 bankruptcy cases of three U.S. jewelry companies owned by Indian billionaire and alleged bank fraudster Nirav Modi are in danger of being commandeered by a court-appointed trustee after the sudden resignation of a company official who is now refusing to talk about his recent communications with Modi. ... Read more...
    Source: Law 360Published on 2018-05-25
    9 hours ago
  • Atty Can’t Relitigate Criminal Trial In SEC Stock Scam Suit
    A Massachusetts federal judge said Friday that he granted the U.S. Securities and Exchange Commission summary judgment against an attorney convicted in a $3 million pump-and-dump scheme involving publicly traded shares of a now-shuttered sports ticket broker, rejecting the attorney’s claim that the criminal trial was unfair. ... Read more...
    Source: Law 360Published on 2018-05-25
    10 hours ago
  • Niel Martin Nielson and Carolyne Susan Johnson
    SEC Charges Microcap Executives With Defrauding Retail Investors ... Read more...
    Source: SEC Litigation ReleasesPublished on 2018-05-25
    10 hours ago
  • Ulta Stock-Drop Suit Lead Hopefuls Fight Over Who Lost Most
    Law firms hoping to lead a proposed class action over stock drops supposedly caused by Ulta Beauty Inc.'s alleged failure to disclose its selling of repackaged beauty products pounced on each other's bid for the designation Thursday, with counsel for a group of investors telling an Illinois federal judge that their clients lost more than double the two opposing movants combined. ... Read more...
    Source: Law 360Published on 2018-05-25
    10 hours ago
  • Perry A. Gruss
    Former CFO of Investment Adviser To Pay $227,500 Penalty to Settle Fraud Case ... Read more...
    Source: SEC Litigation ReleasesPublished on 2018-05-25
    16 hours ago
  • Daily Dicta: Feeling Insecure
    ared Kushner has been granted a permanent security clearance—and it's an affront to every government worker and contractor held to a far stricter standard than the president's son-in-law.         ... Read more...
    Source: Litigation DailyPublished on 2018-05-25
    1 day ago
  • Gregory M. Bercowy
    Court Enters Final Judgment Against Florida Resident Charged with Market Manipulation Scheme ... Read more...
    Source: SEC Litigation ReleasesPublished on 2018-05-24
    1 day ago
  • Daily Dicta: Saying Goodbye, Quinn Emanuel Style
    Lateral moves are like Easter eggs. They can hold all sorts of hidden meanings,         ... Read more...
    Source: Litigation DailyPublished on 2018-05-24
    2 days ago
  • Bud Genius, Inc. and Aaron “Angel” Stanz, Taylor Moffitt, Carlos Febles, and U.S. CoProd...
    SEC Charges Marijuana Company and its CEO With Fraud ... Read more...
    Source: SEC Litigation ReleasesPublished on 2018-05-22
    3 days ago
  • Daily Dicta: Here’s the Skinny: Plaintiffs on Losing Streak in Diet Soda Class Actions
    Drinking diet soda will not make you skinny—and may actually do the opposite. But that's not enough to sustain would-be class actions against Diet Pepsi, Diet Coke and Diet Dr. Pepper.         ... Read more...
    Source: Litigation DailyPublished on 2018-05-22
    3 days ago
  • Daily Dicta: No Harm, No Foul—or So These O’Melveny Lawyers Hope
    The new FTC commissioners face an early test: Will they accept the Impax loss, deferring to the ALJ and his exhaustive, 162-page decision? Or will they vote to reverse him and revive criticism that the FTC's administrative process is unfair?         ... Read more...
    Source: Litigation DailyPublished on 2018-05-22
    4 days ago
  • Brent Borland, et al.
    SEC Charges Brent Borland with Misappropriating Investor Assets ... Read more...
    Source: SEC Litigation ReleasesPublished on 2018-05-18
    1 week ago
  • Litigator of the Week: Ted Olson Hits the Jackpot
    After a long losing streak in the lower courts, Gibson, Dunn & Crutcher partner Theodore Olson's luck changed before the Supreme Court, which sided with him in a seismic sports-betting case.         ... Read more...
    Source: Litigation DailyPublished on 2018-05-18
    1 week ago