News and Events for Attorneys and Executives

Tag: Finance

Man Spies GC Friend’s Merger Papers, Makes $250K Insider-Trading Profit, SEC Says

News
The defendant “surreptiously viewed documents contemplating an acquisition of G&K Services Inc. by Cintas [Corp.]” while changing his golf shoes in the den of a longtime friend who was also the general counsel of Cintas, the SEC said in its complaint.

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Dentons Associate Duped into Transferring $2.5 Million to Fraudster’s Account

Dentons Associate Duped into Transferring $2.5 Million to Fraudster’s Account

News
A decision in a Toronto court revealed that the associate sent the money from a property sale to a Hong Kong bank account after he received emails requesting the transfer in a business deal.

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Lawyer Whose Boozy Brag Led to Insider Trades Can’t Ditch Verdict

News
Robert Schulman was a Washington-based partner with Hunton & Williams, now Hunton Andrews Kurth, working on a patent dispute involving King Pharmaceuticals when he learned of the potential merger of King and Pfizer in August 2010.

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Dallas Cryptocurrency CEO Faces Charges of Scamming Investors Out of $4 Million

News
Jared Rice Sr.’s arrest followed his indictment on three counts each of securities fraud and wire fraud, according to The Dallas Morning News.

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Ex-JPMorgan Trader Pleads Guilty in Six-Year Spoofing Plot

News
A former precious-metals trader said to have worked at JPMorgan Chase & Co. admitted he engaged in a six-year spoofing scheme that defrauded investors in futures contracts with the help of his colleagues and bosses, Bloomberg Law reports.

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SEC Says Biotech Billionaire CEO Took Part in Pump-and-Dump Schemes

SEC Says Biotech Billionaire CEO Took Part in Pump-and-Dump Schemes

News
In a lawsuit filed in federal court in New York, the SEC alleged OPKO Health chairman and CEO Phillip Frost took part in three pump-and-dump schemes between 2013 and 2018, according to MedCity News.

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Securities Lawyers Shocked By Elon Musk’s Tweet, Point to Potential Legal Minefield

Securities Lawyers Shocked By Elon Musk’s Tweet, Point to Potential Legal Minefield

News
Securities lawyers said Telsa’s board would have to form a committee to explore a take-private or risk being accused of skirting their duty, reports CNBC.

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Biglaw Tries to Persuade Judge Not to Send One of Their Own to Prison

News
Some former colleagues of the lawyer who was convicted of conspiracy to commit securities fraud and conspiracy to commit wire fraud in connection with the “Pharma Bro” case are asking the judge in his case for leniency.

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Dubious Corporate Practices Get a Rubber Stamp From Big Investors

Dubious Corporate Practices Get a Rubber Stamp From Big Investors

News
Institutional asset managers carry enormous clout across corporate America. So it’s unfortunate that so many of these managers choose to support the status quo for boards, even when investors are ill served, points out The New York Times.

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Platinum Hedge Fund Executives Charged With $1 Billion Fraud

Platinum Hedge Fund Executives Charged With $1 Billion Fraud

News
The New York Times reports that federal agents arrested Mark Nordlicht, a founder and the chief investment officer of Platinum, and six others on charges related to an alleged $1 billion fraud.

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How to Roll Out the Best-Interest Contract Exemption

How to Roll Out the Best-Interest Contract Exemption

Insight
Advisers should learn how to incorporate the best-interest contract exemption into their practices if they help clients plan for retirement, reports Kenneth Corbin for FinancialPlanning.

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Burford Capital PLC Burford Capital Appoints Craig Arnott Managing Director

News
Arnott will be based in London and will have as his primary focus Burford’s litigation financing activities in the UK, continental Europe and the Asia − Pacific region.

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Bank Regulators Revive Restrictions on Incentive-Based Compensation

Bank Regulators Revive Restrictions on Incentive-Based Compensation

Article
The new rules seek to establish general requirements applicable to the incentive-based compensation arrangements of covered persons working in covered institutions.

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Reverse Break-Up Fees and Specific Performance: A Survey of Remedies

White Paper
Thomson Reuters is offering a complimentary copy of the 2016 edition of Practical Law’s study, Reverse Break-Up Fees and Specific Performance: A Survey of Remedies for Financing and Antitrust Failure.

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Latham & Watkins Advises Second Genome in $42.6 Million Series B Financing

News
Second Genome, Inc., a privately-held biopharmaceutical company developing novel medicines through innovative microbiome science, has closed an oversubscribed Series B investment round with $42.6 million in financing.

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Global M&A Roundup Shows ‘Perfect Storm for Acquisition Finance’

Global M&A Roundup Shows ‘Perfect Storm for Acquisition Finance’

White Paper
Law firm Skadden Arps Slate Meagher holds on to the number one spot for deal value for another year while Latham & Watkins jumps from fourth to second last year.

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Bankler Report: Congressional Tax Bill

Bankler Report: Congressional Tax Bill

Analysis
Will you or your law firm practice be affected by this week’s compromise by Congressional leaders regarding taxes and deductions if it becomes law?

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Latham & Watkins Advises Gritstone Oncology in Its Formation and Financing

NEWS
Gritstone Oncology, a cancer immunotherapy company developing next-generation, personalized cancer therapeutics, has announced a Series A financing of $102 million.

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