DLA Piper LLP said Wednesday that it's beefed up its California offices by hiring a former Baker McKenzie partner who focuses her practice on energy and project finance and a former Wilson Sonsini Goodrich & Rosati partner who specializes in advising startups, emerging technology and media companies.
More companies are going public with admitted flaws in their internal controls — essentially yellow flags that could require potentially embarrassing corrections to financial statements — but such warnings don’t appear to be scaring off investors.
This week’s record £27.6 million ($34.8 million) fine against UBS for misreporting 136 million transactions has underlined the need for banking compliance teams to focus on their trading desks if they hope to avoid falling foul of Europe’s formidable securities rules.
Lion Air is getting ready to go public in its homeland of Indonesia, yacht maker Ferretti is getting ready to go public once again, and KKR is raising its debut real estate fund focused on Asia and is looking to reap $1.5 billion in investments.
Hogan Lovells has announced that a former EY attorney has returned to the law firm to serve as head of its U.S. real estate investment trust tax practice in Washington, D.C.
A New York federal judge dumped the Federal Deposit Insurance Corp.'s $695 million residential mortgage-backed securities suit against three banks Wednesday, finding for the second time that the agency lacked standing to bring claims of improper conduct against trustees of the bundled mortgages.
The Blackstone Group-backed human resources and benefits coordinator Alight Inc. said it will hold off on moving forward with an anticipated initial public offering that could have seen the company bring in approximately $752 million.
Federal prosecutors have agreed to seek a five-year prison sentence for the CEO of now-shuttered AriseBank in exchange for his guilty plea in Texas federal court Wednesday to fraudulently raising $4.25 million through an unregistered initial coin offering for the bank’s proprietary digital currency, AriseCoin.
Levi Strauss & Co. made its return to the public market Thursday, one day after setting its share price above its initially set range to raise $623.9 million in the Cooley LLP-led jeans and apparel company’s initial public offering.
The U.S. Securities and Exchange Commission on Wednesday voted to pare and streamline certain disclosure requirements of public companies, marking the agency's latest effort to prune its regulatory tree after decades of adding branches.
Figuring out what constitutes a manageable workload for the nation’s district judges is no simple task. Getting the judiciary the resources it needs is even harder.
The Western District of Louisiana is supposed to have seven district judges. But for a year, most of the courthouses were operating without a single Article III judge. As usual, magistrate judges picked up the slack.
Wells Fargo Securities has agreed to pay $812,500 to settle a government civil action claiming the bank misled investors in a $75 million bond offering involving a Major League Baseball pitcher's video game company, according to an order signed in Rhode Island federal court Tuesday.
The SEC's in-house judge who issued a decision at the heart of investment adviser Raymond Lucia's recent case before the U.S. Supreme Court is leaving the agency at the end of the month, an agency spokesperson confirmed Wednesday.
Greenlane Holdings Inc., a vaping products distributor that is betting its growth on expansion of the electronic cigarette and cannabis industries, on Wednesday filed an initial public offering estimated to raise $92 million, represented by Pryor Cashman LLP.
Uniper is reportedly discussing a deal with First State Investments to sell a stake in an Italian liquefied natural gas terminal, Fastly is said to have tapped Bank of America to lead a planned initial public offering, and Tencent and Abu Dhabi’s sovereign wealth fund are both eyeing part of a stake in health and beauty retailer A.S. Watson Group.
Insurance-focused blank check company Insurance Acquisition Corp. made its market debut Wednesday, one day after pricing shares in a $131 million initial public offering guided by Ledgewood PC.
The Securities and Futures Commission of Hong Kong said Wednesday that it had ordered nine brokers to freeze client accounts related to suspected market manipulation of investment firm China Ding Yi Feng Holdings Ltd.’s shares.
Chinese online brokerage Up Fintech Holding Ltd., represented by O'Melveny & Myers LLP, saw its shares soar Wednesday after the startup raised $104 million in an initial public offering that priced above range, coming two weeks after a strong debut for competitor Futu Holdings Ltd.
The parent company of fast food chain Fatburger on Tuesday urged a California federal judge to toss a putative class action accusing it of misleading investors ahead of its $20 million initial public offering, arguing that the shareholders failed to state a claim or show that they purchased stock in the IPO.
The U.S. Supreme Court's unanimous ruling on Wednesday in Obduskey v. McCarthy & Holthus LLP removes nearly all activities taken by creditors seeking nonjudicial foreclosure of liens and mortgages from the ambit of the Fair Debt Collection Practices Act, says John Baxter of Nelson Mullins Riley & Scarborough LLP.
These days, a popular theme in media is that lawyers' jobs will be taken by robots. However, based on the tech issues discussed at the South by Southwest technology conference in Austin, Texas, last month, robots may in fact need lawyers, says Nick Abrahams of Norton Rose Fulbright.
You passed the bar exam and are ready for the character and fitness committee interview. Time to think about how to discuss that minor incident in college, that misdemeanor in high school or that mental health issue that you have totally under control, says Richard Maltz of Frankfurt Kurnit Klein & Selz PC.
One year ago, the U.S. Supreme Court, in Cyan Inc. v. Beaver County Employees Retirement Fund, upheld concurrent state and federal jurisdiction over Securities Act class actions. Predictions that plaintiffs would inundate state courts with such claims now appear to be coming true, say James Goldfarb and Gaurav Talwar of Murphy & McGonigle PC.
My initial reaction to "Doing Justice" was that author Preet Bharara may have bitten off more than he could chew — an accusation leveled against him when he served as U.S. attorney for the Southern District of New York — but I found the book full of helpful gems, says U.S. District Judge Cynthia Bashant of the Southern District of California.
A Democratic member's recent departure from the U.S. Securities and Exchange Commission likely means that for the foreseeable future corporate penalties will not be imposed in cases where a company did not obtain any benefit from its misconduct, say attorneys at Debevoise & Plimpton LLP.
Though most experts believe that an imminent recession is unlikely, slowdown fears are increasing. Now is the time for firms to consider how to best leverage their communications and marketing teams to lessen impacts from a potential economic slowdown, says Tom Orewyler of Tom Orewyler Communications LLC.
A Colorado federal court's recent decision in Shaw v. Vircurex underscores the risks in asserting personal jurisdiction over virtual currency exchanges — which are often decentralized, operate algorithmically, do not engage in marketing activities and have no traditional physical presence, says Scott Kimpel of Hunton Andrews Kurth LLP.
The interrelationship between the credit default swap and syndicated term loan markets has become increasingly important and complex over the past five years. Four case studies help illustrate the interplay, say attorneys at Davis Polk & Wardwell LLP.
Social media presents rich opportunities to reach prospective clients. Attorneys should not let those opportunities pass them by, but they should keep their ethical obligations in mind as they post, says Cort Sylvester of Nilan Johnson Lewis PA.