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TOP NEWS
Cannabis-Linked Co. CEO To Pay SEC Fine Over Fraud Claims
By Katryna Perera
The CEO of a shipping container company for the cannabis industry agreed on Thursday to a five-year officer and director bar and to pay a $100,000 civil penalty to the U.S. Securities and Exchange Commission to resolve the regulator's claims that he concealed his control over the company and related entities, and also deceived investors about the business's revenue source.
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ENFORCEMENT
3rd Circ. Upholds 24-Year Drug, Fraud Sentence
By Jarek Rutz
A Third Circuit panel on Thursday upheld a roughly 24-year prison sentence imposed on a Pennsylvania man convicted of marijuana trafficking and wire fraud, rejecting arguments that the trial judge improperly relied on acquitted conduct, overstated the man's leadership role and imposed an excessive punishment.
Opinion attached |
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EXPERT ANALYSIS
LEGAL INDUSTRY
Brief
House OKs $540M For Imperiled Legal Services Corp.
By Emily Sawicki
The "minibus" appropriations bill that the U.S. House of Representatives passed on Thursday includes a lifeline $540 million allocated toward the nonprofit Legal Services Corp. — representing a reduction of $10 million, or 3.6%, compared to fiscal year 2025's budget — whose funding the White House previously suggested should be slashed.
Bill attached |
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