Blog
Ambitious Statements and the Securities Lawsuits they Attract
Snap Inc. (“Snap”) is, once again, embattled by charges of violation of federal securities laws. The self-described “camera company,” whose main product is the well-known social media application “Snapchat,”is facing a...
SEC to Attorneys: Help Register Cryptocurrencies Instead of Advising on How to Skirt Securities Laws
On November 4, 2021, U.S. Securities and Exchange Commission (“SEC”) Chairman Gary Gensler spoke at the Securities Enforcement Forum. While Gensler spoke on a variety of topics related to the agency’s enforcement mission,...
23andMe’s Business Strategy Highlights the Need for More Data Privacy Laws
23andMe rose to success by selling at home DNA tests ultimately purchased by more than 11 million individuals. By some estimates 1 in 5 Americans have handed over their DNA to 23andMe or companies like it.[1] But for many...
The Boeing Case: When Directors Can Be Held Responsible for a Company’s Negligence
Introduction: Successful shareholder derivative lawsuits can be an uphill battle for plaintiffs seeking to hold a company’s directors liable for breaches of their fiduciary duties. However, a recent development out of the...
Cryptobusters: DOJ Announces National Cryptocurrency Enforcement Team
On October 6, 2021 Deputy Attorney General Lisa O. Monaco announced the creation of a National Cryptocurrency Enforcement Team (NCET) to tackle complex investigations and to prosecute criminal misuses of cryptocurrency....
SEC Revives Claw Back Rule for Executive Compensation
Securities and Exchange Commission voted on October 14, 2021 to bring back an unfinished rule from 2015[1] relating to executive compensation. The rule requires U.S. listed companies to have a plan in place to claw back...
Lowey Dannenberg Celebrates International Credit Union Day
On October 21, 2021, credit unions around the world will celebrate International Credit Union (ICU) Day® recognizing the global credit union movement. ICU Day has been annually celebrated on the third Thursday of October...
Cryptocurrency Exchanges Face Growing Scrutiny from the SEC
Earlier this month, the Securities and Exchange Commission issued a warning to Coinbase Global Inc., the United States’ largest cryptocurrency exchange, based on the exchange’s announced plans to launch its new “Lend”...
National Whistleblower Appreciation Day
Living in the United States, we have the luxury of enjoying various national holidays like Labor Day, Memorial Day and Presidents Day. However, many Americans are unaware that there is a National Whistleblower Appreciation...
Securities or Not? The NFT Market and Potential SEC Regulation
In an economy that has witnessed increasing digitization of all sorts of assets, it is no surprise that non-fungible tokens, or NFTs, have gained attention...