I recently blogged about the pervasive nature of data breaches and the particular risks presented to this industry. Many firms may think that they are secure because they used a
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Securities Fraud
SECOND CIRCUIT REQUIRES DIRECT COMMUNICATION FOR EXCHANGE ACT SECTION 10(b) LIABILITY
A divided U.S. Court of Appeals for the Second Circuit affirmed the dismissal of securities law antifraud claims against a “trusted” investor in the pump-and-dump scheme perpetrated by two defunct…
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THOSE IN POWER WIN ANOTHER ONE
A court has held that the privacy rights of thousands of high-level federal employees could be violated if a provision of the Stop Trading on Congressional Knowledge Act (“STOCK Act”)…
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Here Are Some Ways To Investigate A Potential Fraud?
So the initial shock of uncovering a fraud has subsided. What do you do now? Here are some steps to consider.
First, preserve all relevant records in both hard and…
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Third Circuit’s “Scienter” Standard Against Corporations
In pleading a Section 10b/Rule 10b-5 claim, it is well established that a plaintiff must establish a “strong inference” of scienter. In the Third Circuit, a strong inference may be…
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