Blog
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...
Supreme Court to Decide Whether the PSLRA’s Discovery Stay Provision Applies to State Courts
Forum selection has long been an art form for litigators. The right forum can provide significant advantages, such as favorable case law, a specific judge, or a sympathetic jury pool—the Eastern District of Texas famously...
FINRA Hits Robinhood With $70M Fine And Restitution Penalty
On June 30, 2021, the Financial Industry Regulatory Authority (“FINRA”) fined[1] the popular broker-dealer trading app Robinhood Financial LLC (“Robinhood”) $57 million, and ordered the company pay approximately $12.6...
Elon Musk’s Tweets and Popular Cryptocurrencies
Back in 2018, the Securities and Exchange Commission settled a securities fraud charge with Tesla and Elon Musk. The charge arose as a result of a Musk tweet that he had secured funding to take Tesla private, causing...
Rule 10b5-1 Trading Plans Under Scrutiny: Are They Subject To Insider Trading Abuse?
The U.S. Securities and Exchange Commission (SEC) is working to overhaul the rule that protects corporate executives from insider trading accusations when they buy or sell their company’s stocks. Executives are regularly...
Reverse Piercing Of The Corporate Veil In Securities Litigation
Reverse veil-piercing has become a limited means to remedy fraud and injustice between shareholders and corporations. Reverse piercing of the corporate veil occurs when a claimant seeks to hold a corporation liable for the...
Investors and Cannabis
Credit Suisse informed investors that it would no longer execute transactions for certain cannabis companies with US operations or hold them on behalf of clients back in March.[1] The weed industry is booming, with Cannabis...
Pharma Industry Takes Advantage of COVID Epidemic to Mislead Investors
Over the past year, several major players in the pharmaceutical industry have faced severe shareholder scrutiny for misleading the public regarding their roles in the production of COVID-19 vaccines. The company to most...
SEC Focuses on the Rise of SPACs
Special purpose acquisition companies, or SPACs, have become the new, go-to structure for taking private companies public. These companies begin as shell corporations listed on public stock exchanges. Often, they report a...