Blog
SEC Revives Claw Back Rule for Executive Compensation
Securities and Exchange Commission voted on October 14, 2021 to bring back an unfinished rule from 2015[1] relating to executive compensation. The rule requires U.S. listed companies to have a plan in place to claw back...
Lowey Dannenberg Celebrates International Credit Union Day
On October 21, 2021, credit unions around the world will celebrate International Credit Union (ICU) Day® recognizing the global credit union movement. ICU Day has been annually celebrated on the third Thursday of October...
Cryptocurrency Exchanges Face Growing Scrutiny from the SEC
Earlier this month, the Securities and Exchange Commission issued a warning to Coinbase Global Inc., the United States’ largest cryptocurrency exchange, based on the exchange’s announced plans to launch its new “Lend”...
National Whistleblower Appreciation Day
Living in the United States, we have the luxury of enjoying various national holidays like Labor Day, Memorial Day and Presidents Day. However, many Americans are unaware that there is a National Whistleblower Appreciation...
Securities or Not? The NFT Market and Potential SEC Regulation
In an economy that has witnessed increasing digitization of all sorts of assets, it is no surprise that non-fungible tokens, or NFTs, have gained attention...
Supreme Court to Decide Whether the PSLRA’s Discovery Stay Provision Applies to State Courts
Forum selection has long been an art form for litigators. The right forum can provide significant advantages, such as favorable case law, a specific judge, or a sympathetic jury pool—the Eastern District of Texas famously...
FINRA Hits Robinhood With $70M Fine And Restitution Penalty
On June 30, 2021, the Financial Industry Regulatory Authority (“FINRA”) fined[1] the popular broker-dealer trading app Robinhood Financial LLC (“Robinhood”) $57 million, and ordered the company pay approximately $12.6...
Elon Musk’s Tweets and Popular Cryptocurrencies
Back in 2018, the Securities and Exchange Commission settled a securities fraud charge with Tesla and Elon Musk. The charge arose as a result of a Musk tweet that he had secured funding to take Tesla private, causing...
Rule 10b5-1 Trading Plans Under Scrutiny: Are They Subject To Insider Trading Abuse?
The U.S. Securities and Exchange Commission (SEC) is working to overhaul the rule that protects corporate executives from insider trading accusations when they buy or sell their company’s stocks. Executives are regularly...
Reverse Piercing Of The Corporate Veil In Securities Litigation
Reverse veil-piercing has become a limited means to remedy fraud and injustice between shareholders and corporations. Reverse piercing of the corporate veil occurs when a claimant seeks to hold a corporation liable for the...