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Admissions of Guilt in SEC Settlements

Admissions of Guilt in SEC Settlements

On December 17, 2021, the SEC announced a $125 million settlement with JPMorgan Chase & Co., disposing of allegations that the bank failed to properly monitor and retain its employees’ work-related communications.[1]...

SEC more heavily scrutinizing of SPAC-related mergers

SEC more heavily scrutinizing of SPAC-related mergers

The SEC has recently turned its attention towards regulating businesses structured as special purpose acquisition companies, or SPAC’s. An SPAC is a publicly-listed shell corporation that is organized for the purpose of...

Ambitious Statements and the Securities Lawsuits they Attract

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...