Exxon Mobil Corp. pledged this week to tell investors how international calls to curb global warming could impact the world leader in oil production, bending to shareholders who repeatedly requested information on the resilience of the company's business model.
The U.S. Securities and Exchange Commission on Tuesday sued the former CEO of a Tennessee biopharmaceutical firm, alleging that he paid for personal expenses like big tips at Hooters and breast enhancement surgery for female friends with $3.2 million he got from his company by submitting bogus cash advance and reimbursement requests for business-related travel.
A former Ernst & Young LLP partner on Tuesday urged a D.C. Circuit panel to upend penalties imposed by the Public Company Accounting Oversight Board and affirmed by the U.S. Securities and Exchange Commission, which he said were tainted by the PCAOB operating under a structure later deemed unconstitutional.
The Second Circuit on Monday rejected a request by employees and units of Nomura Holdings Inc. and the Royal Bank of Scotland Group PLC to reconsider its decision to deny their demand for a jury trial in an $800 million fight with the Federal Housing Finance Agency.
The U.S. Securities and Exchange Commission told a New York federal court on Monday that its attorneys didn’t purposely look at privileged documents belonging to a foreign day-trading firm accused of manipulative trading and that, even if they did see a couple of those documents by accident, it hasn’t affected the case.
A Georgia federal jury on Monday sided with the U.S. Securities and Exchange Commission and found that medical device maker Revolutions Medical Corp. and its top executive issued false statements to pump up its stock price.
A New York federal judge has refused a request by MSD Capital LP to change the forfeiture-restitution balance in the case of a convicted insider trader who had been an analyst there, saying Monday he didn’t have jurisdiction since there’s now an appeal, and it wouldn’t have changed things this late in the game regardless.
A sometime TV pundit who held himself out as an investment manager after regulators stripped him of his registrations and the state of Illinois barred him from dealing in securities was charged with defrauding investors out of $10 million, according to an indictment unsealed Monday.
Delaware's Supreme Court narrowly upheld Tuesday a lower court decision that denied stockholders of the former Calistoga Pharmaceuticals a $50 million bonus payment for limited European Union approval of a new drug for one form of blood cancer.
The Rosen Law Firm PA made a push Monday to lead Tesla shareholders in a California stock-drop suit alleging the electric car maker failed to disclose it was experiencing production delays on its Model 3 sedan, supposedly resulting in a nearly 4 percent drop in its stock price.
The full Fourth Circuit on Tuesday summarily rejected an investor’s bid to reconsider its decision not to resuscitate a securities fraud case against PowerSecure International Inc. and its CEO, leaving shareholders who blamed the company when its stock price tanked with little recourse.
Banc of California Inc. urged a California federal judge on Monday to toss a shareholder suit alleging four of its directors used a scandal tying top executives to an admitted fraudster to wrest control of the bank, saying the shareholder failed to bring his complaints to the bank’s board before filing suit as required by law.
Brazilian oil field servicing company Odebrecht Oil & Gas received New York bankruptcy court recognition Tuesday of its insolvency proceedings in Brazil, where it has received approval to execute a plan to restructure approximately $4.7 billion in secured debt.
An indirect effective owner of online foreign exchange broker FXCM filed for bankruptcy in New York on Monday with prenegotiated plans to push out the maturity date for $172.5 million in senior notes following the company’s delisting from public trading on the Nasdaq Global Market.
DLA Piper recently announced it has expanded its corporate practice with the addition of a partner from Nutter McClennen & Fish LLP who will focus on strategic M&A, middle-market M&A, and private equity and venture capital.
Simply originating an initial coin offering in a foreign jurisdiction may not be sufficient to avoid the long and global reach of the U.S. securities laws — and the current ICO dragnet of the U.S. Securities and Exchange Commission’s new cyber unit, says John Reed Stark, president of John Reed Stark Consulting LLC.
The U.S. agencies’ increasing coordination with their foreign partners has led to more potent Foreign Corrupt Practices Act investigations — in terms of both their scope and settlement cost, say Patrick Stokes, former chief of the FCPA Unit at the U.S. Department of Justice, and Zachariah Lloyd of Gibson Dunn & Crutcher LLP.
Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.
Gary Ford's new book, "Constance Baker Motley: One Woman’s Fight for Civil Rights and Equal Justice Under Law," is more than a biography of the first African-American woman to become a federal judge. It presents in vivid detail how her work altered the legal landscape of the United States, says U.S. District Judge Marcia Cooke of the Southern District of Florida.
The head of the Ninth Circuit has a few options for answering allegations that Circuit Judge Alex Kozinski showed porn to female clerks and engaged in sexual banter about them, but ignoring the issue shouldn’t be one of them, federal court watchers said.
The major law firm mergers just kept coming in 2017, with Dentons, Norton Rose Fulbright and Womble Carlyle each bolting on hundreds of attorneys through tie-ups, and the legal industry as a whole experiencing nearly 100 combinations as of Dec. 6. Here, Law360 takes a look at the seven biggest mergers of the year.
After weathering a volatile year, the legal profession has returned to a tentative state of normalcy, but market pressures, regulatory uncertainty and innovations in technology will alter the way firms and legal departments manage themselves, according to a report released Tuesday by Major Lindsey & Africa.
Senate Republicans on Tuesday confirmed Husch Blackwell LLP senior counsel L. Steven Grasz to a seat on the Eighth Circuit, brushing aside Democrats' concerns about his partisan bent and a "not qualified" rating from the American Bar Association.
The chairman of the Senate Judiciary Committee has expressed concerns about confirming two of the Trump administration’s judicial nominees, a spokesman confirmed Tuesday, including one for the Eastern District of Texas.
More than 100 fee earners and legal staff at midsize U.K. law firm Simpson Millar LLP will likely soon be out of a job, after the firm revealed a redundancy consultation Tuesday following a change in management.
Although Hamer v. Neighborhood Housing Services was not the first time I had worked on a certiorari petition, it was the first time I had personally taken on a case in which my initial involvement was at the U.S. Supreme Court level, says Jonathan Herstoff of Haug Partners.