As regulators, lawmakers and the courts struggle for a uniform set of rules for regulating initial coin offerings, attorneys on the front lines of the cryptocurrency frenzy are adapting to their role as gatekeepers, a responsibility they describe as both challenging and frustrating.
Stock promoter Louis Petrossi on Thursday was sentenced to over 3½ years in prison for his role in a $131 million market manipulation scam involving shares of lighting company ForceField Energy Inc.
Westfield Corp. shareholders have signed off on the shopping center owner-operator’s proposed $15.7 billion takeover by Unibail-Rodamco SE, according to a Thursday announcement by the French real estate investment firm.
The judge overseeing an Employee Retirement Income Security Act class action accusing New York University of mismanaging workers' retirement savings has said she'll likely issue a decision in the closely-watched case in July.
Federal prosecutors on Wednesday challenged an attempt by Platinum Partners LP co-founder Murray Huberfeld to discredit their star witness with allegedly incriminating evidence ahead of Huberfeld’s graft retrial alongside a labor boss, telling a New York federal judge the proffered evidence would send jurors down a rabbit hole of irrelevant information.
A Virginia federal judge has placed a defunct technology consulting company’s retirement plan into the hands of an independent fiduciary, which will distribute the plan’s more than $500,000 in assets to 24 former employees, the Employee Benefits Security Administration announced Thursday.
Celebrity chef Jose Garces can keep some of his Philadelphia restaurants under Chapter 11 protection as he gears up to present a stalking horse deal to the bankruptcy court next week, a New Jersey judge has said, rejecting investors’ claims that he lacked the authority to do so.
GreenSky Inc., a private equity-backed financial technology company that arranges loans between merchants and consumers, raised $874 million in an upsized initial public offering that priced Thursday at the top of its range, advised by Troutman Sanders LLP.
Venture-backed biotechnology companies Kiniksa Pharmaceuticals Ltd. and Scholar Rock Holding Corp. debuted in public markets Thursday to strong investor receptions after completing initial public offerings that raised a combined $227 million, represented respectively by Latham & Watkins LLP and Goodwin Procter LLP.
State securities agencies are increasingly regulating the cryptocurrency space through administrative proceedings and summary cease-and-desist orders. But the uncertainties and ambiguities in current cryptocurrency regulation mean that multistate action — even if coordinated — will create a real risk of splintered authority, says Jason Gottlieb of Morrison Cohen LLP.
As different jurisdictions impose their own disclosure requirements regarding commercial litigation finance, there can be no “one size fits all” approach to ensuring confidentiality. But litigants, lawyers and litigation funders may be able to decrease disclosure risks through a handful of best practices, says Alan Guy of Vannin Capital.
There are numerous opportunities and pitfalls that lie in store for new associates as they enter BigLaw, yet many of the intricacies of navigating the inner workings of a large law firm are not taught in school, leaving many lawyers to fend for themselves to learn by trial and error. Here, BigLaw veterans reflect on some of the actions incoming attorneys can take to make the best of their early days at a firm.
The former Fisher Phillips employment partner sentenced to life in prison earlier this week for the shooting death of his wife has been hit with a civil lawsuit in Georgia state court by the administrator of his wife’s estate.
The European Union’s new data protection regime went into effect, the U.S. House of Representatives voted to loosen regulations for thousands of community banks and regional lenders, and the U.S. Supreme Court sided with employers in class action arbitration cases. These are some of the stories in corporate legal news you may have missed in the past week.
For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.
Litigants who proffer data obtained from social networking sites like Facebook, Twitter and Instagram must authenticate that data before it will be admitted as evidence. Attorneys with Pepper Hamilton LLP examine decisions from Pennsylvania and other jurisdictions to determine whether courts are imposing a more demanding standard for social media data than other documentary evidence.