Lead plaintiff Peter Frouws secured initial court approval for a $15 million settlement in a securities fraud class action against Edgio Inc. and three of its executives, covering investors who bought company stock...
Lead plaintiff Peter Frouws secured initial court approval for a $15 million settlement in a securities fraud class action against Edgio Inc. and three of its executives, covering investors who bought company stock during a two-year period when the company...
The Securities and Exchange Commission obtained a consent judgment permanently barring John Giarmarco from the securities industry and enjoining him from future violations of federal securities law.
The appellate court upheld the agency’s order under arbitrary-and-capricious review, rejecting arguments that latency arbitrage is not a problem in options markets and that the exchange’s protective mechanisms unfairly benefit market makers.
The proposal would eliminate requirements that public companies disclose greenhouse gas emissions, climate-related risks, and the financial effects of severe weather events.
A federal judge in San Francisco certified a nationwide class of investors in a securities fraud case against Alphabet Inc. and Google CEO Sundar Pichai, allowing the case to proceed to trial on allegations that Google’s advertising auctions favored the...
A federal judge in Manhattan denied both sides’ motions to preclude expert testimony in the government’s fraud case against former Western Asset Management trader S. Kenneth Leech II, allowing sophisticated statistical analyses of his Treasury futures and...
Three nationwide shareholder derivative lawsuits alleging insider trading and false statements regarding Fiserv Inc.’s Clover product will be consolidated into a single lead case in the Eastern District of Wisconsin.
The Securities and Exchange Commission has eliminated its longstanding policy requiring defendants in enforcement actions to agree not to publicly deny allegations, a move Chairman Paul Atkins said ends the prohibition on criticism of the government.
A federal judge in Manhattan ruled that sophisticated statistical analyses of a former Western Asset Management trader’s allocation decisions are admissible, rejecting defense arguments that the methods were unreliable or invaded the jury’s role.
A Northern California federal judge appointed two investors with the largest alleged losses as lead plaintiffs in a securities class action accusing Picard Medical of facilitating a social media pump-and-dump scheme.
U.S. District Judge Paul A. Engelmayer scheduled oral argument for July 15 on pending summary judgment motions action against Coinbase Global Inc.
A federal judge in Manhattan dismissed a derivative lawsuit accusing Morgan Stanley Smith Barney of manipulating an Israeli tech company’s stock price through a temporary trading ban, ruling the claims were meritless and time-barred.
A federal judge in Manhattan denied cross-motions to exclude expert testimony in the government’s fraud case against former Western Asset Management trader S. Kenneth Leech, II, allowing both sides to present statistical analyses of his fixed-income trading.
A federal judge denied cross-motions to exclude expert testimony case against a former Western Asset executive, allowing both sides to present sophisticated statistical analyses of trade allocation to a jury.
A federal judge disqualified institutional investors and a state board as lead plaintiffs in the Kyndryl securities class action due to unique defenses related to their trading patterns, appointing a union pension trust instead.
A federal district court in New York has ordered a hearing to discuss next steps after the Second Circuit vacated a prior judgment in a mortgage-backed securities case involving Ocwen Financial Corporation.
A federal judge in Manhattan entered a default judgment against Marc Lawrence in a securities fraud lawsuit, ruling that his failure to respond to a court order warranted the entry of default on counts alleging fraud and fraudulent inducement.
U.S. District Judge Gregory H. Woods denied all Daubert motions in the government’s securities and commodities fraud case against former Western Asset Management trader S. Kenneth Leech II, ruling that sophisticated statistical analyses of his Treasury...
A magistrate judge split the difference between the parties' positions, ruling that plaintiffs' decision to hand over one investigator memo at a deposition opened the door to related records — but not every witness file.
A Manhattan federal judge dismissed securities fraud claims brought by 11 retail investors against Coinbase and its CEO Brian Armstrong over the 2022 collapse of Wrapped LUNA, holding the claims were filed more than a year past the statute of limitations.