O’Melveny & Myers LLP has announced several pivotal leadership appointments as part of its ongoing strategy to strengthen governance and operations. A key highlight of the announcement includes the elevation of Matthew Close, co-chair of the securities litigation practice, to the position of vice chair. This change is part of a broader management restructure that…
The U.S. Securities and Exchange Commission is currently reevaluating the definition of what constitutes a foreign private issuer. This move could significantly impact access to U.S. markets, especially for companies based in China and other countries. Legal experts believe this reevaluation could result in stricter requirements and access barriers for foreign businesses. These changes have…
O’Melveny & Myers has announced a series of leadership changes, which include the elevation of securities litigation co-chair Matthew Close to the role of vice chair. This appointment is part of a broader reshuffle within the firm’s management, including four new members joining the management committee. Additionally, the firm has appointed new heads for its…
Australia is gearing up for a thorough examination of its primary sharemarket operator, the Australian Securities Exchange (ASX). This investigation is driven by concerns from the country’s financial regulator and the central bank regarding the ASX’s ability to uphold a stable, secure, and resilient market infrastructure. The initiative follows multiple settlement system failures, prompting the…
In a significant turn of events for Texas Attorney General Ken Paxton, the felony securities fraud charges against him have been dismissed following his fulfillment of a restitution agreement and completion of required community service and training. This development marks a positive outcome for Paxton, who has been embroiled in legal challenges over the years….
Alston & Bird has welcomed Drew Rolle as the newest partner in its white collar, government, and internal investigations group based in New York. The announcement was made on Tuesday, marking a significant addition to the firm’s prestigious legal team. Rolle transitions from his previous role at the U.S. Attorney’s Office for the Eastern District…
In a notable move within the legal sector, Bruce Toppin has transitioned from Holland & Knight to join Husch Blackwell as a partner in the firm’s financial services and capital markets industry group and banking and finance practice. The announcement was made by Husch Blackwell on Tuesday. Husch Blackwell is bolstering its team with Toppin’s…
The House’s introduction of the STABLE Act marks a pivotal step towards establishing a harmonized regulatory framework for stablecoins in the United States. In concert with the Senate’s GENIUS Act, the legislation aims to create a unified approach that supports innovation while protecting consumers. However, a critical gap remains in the current draft: the potential…
As Blank Rome continues to fortify its legal services, the firm announced the strategic addition of David Clem as a partner within its business litigation group and financial services industry team, a move that coincides with the expansion of its Dallas office. Clem’s expertise encompasses a range of intricate legal issues relevant to financial institutions,…
Lowenstein Sandler, a prominent law firm, has announced the return of Shontae Gray as a partner in its white collar defense and corporate investigations practices, based in Roseland, New Jersey. This notable move underscores the firm’s ongoing commitment to strengthening its capabilities in these critical areas. Gray previously served as an assistant United States attorney…
The U.S. Securities and Exchange Commission (SEC) appears to have potentially sidestepped a White House executive order in its decision-making process concerning certain rule proposals. This development, reported by the National Law Journal, has prompted scrutiny from various quarters, including those within government entities. Amanda Fischer, the policy director for Better Markets and a former…
In a recent move, McDermott Will & Emery has appointed Jenny Lee as a partner within its litigation practice group based in New York. This strategic recruitment, announced Thursday, strengthens the firm’s capabilities in managing complex health-care and life sciences litigation. Lee is an experienced litigator known for her handling of complex securities, antitrust, and…
In a move that underscores its commitment to expanding its structured transactions practice, Morgan Lewis has announced the addition of Edward Southgate as a partner in its New York office. Southgate returns to the firm, bringing significant expertise in the sector of structured finance, having spent time at Dechert where he specialized in advising financial…
Labaton Keller Sucharow has appointed Eric Belfi as its new firm chairman. This decision marks Belfi’s ascension nearly two decades after he joined the New York plaintiffs firm as a partner. During his tenure, Belfi has led its client development strategies and represented significant clients such as large pension funds and institutional investors in securities…
Veteran U.S. Securities and Exchange Commission (SEC) official Natasha Vij Greiner is set to depart from her role as director of the agency’s investment management division. Greiner’s departure marks the conclusion of a commendable nearly 24-year tenure with the SEC, where she has served in various capacities. The decision was announced by regulators on Tuesday,…
In a bid to support the burgeoning decentralized finance (DeFi) industry, Paul Atkins, Chair of the U.S. Securities and Exchange Commission, has proposed an ‘Innovation Exemption’. This initiative aims to encourage the development of DeFi platforms, which utilize blockchain technology to facilitate direct financial services between users without the need for third-party intermediaries such as…
The recent election for the leadership of the DC Bar Association culminated in a decisive victory for longtime board member Diane Seltzer, who secured her position with an overwhelming 34,000 votes. In contrast, her contender, Brad Bondi, a securities lawyer with Paul Hastings and sibling of Attorney General Pam Bondi, garnered only 3,400 votes. Over…
The U.S. Securities and Exchange Commission (SEC) is currently re-evaluating the disclosure requirements for foreign companies. The potential changes could impose additional obligations on these companies, which are already regulated by the securities laws of their home countries. Legal experts have expressed concerns that such measures might burden foreign businesses that are compliant and transparent…
Amidst the ongoing fluctuations in U.S. tariff policies, publicly traded companies are finding themselves navigating treacherous waters when it comes to financial disclosures. Leading companies, such as Tesla Inc. and Nike Inc., are compelled to address these trade uncertainties in their Form 10-Q financial reports. However, the ever-shifting landscape of U.S. trade policies complicates their…
The U.S. Supreme Court has shown a pattern this term of initially agreeing to hear class action cases brought by corporate entities, only to later decide that these cases were not rightly within its purview. This has led to several instances where the court has “dismissed as improvidently granted” (DIG), signaling that the justices believe…
“`html In the wake of President Donald Trump’s “Liberation Day” tariff announcements, which erased nearly $6 trillion in market value over a span of 48 hours, broker-dealers find themselves navigating an uneasy terrain. Ongoing tariff fluctuations have exacerbated the precariousness of the situation, as complaints mount about whether brokers are truly prioritizing their clients’ interests….
Starbucks Corporation has initiated the search for a new chief legal officer as part of a leadership restructuring. Outgoing legal head Bradley Lerman, who joined the company in 2023, will continue in his role until a successor is found, announced CEO Brian Niccol in an open letter to employees. Lerman’s departure aligns with the “without…
In a recent decision, the U.S. District Court for the Southern District of New York approved the hiring of Jorge G. Tenreiro by Bernstein Litowitz Berger & Grossmann (BLB&G) as a partner, amidst litigation involving Elon Musk. U.S. Magistrate Judge Gabriel W. Gorenstein dismissed objections raised by Musk regarding the rapid transition of Tenreiro from…
Bradley Arant Boult Cummings has strengthened its banking and financial services practice group in Dallas by appointing Jacque Kruppa as a partner. The firm made the announcement on Wednesday. Kruppa is set to bring her extensive expertise to the role, advising on corporate, regulatory, compliance, and transactional matters for banks. Her experience includes representing banks…
A New York federal judge has permitted Bernstein Litowitz Berger & Grossmann LLP, a firm known for representing investors, to employ the former litigation chief of the U.S. Securities and Exchange Commission. This decision comes despite the objections raised by Elon Musk. The court has confirmed that the firm has established adequate measures to prevent…