Dodd-Frank Litigation
SEC Busts Fraudulent Initial Coin Offerings
Litigation The SEC charged a businessman and two companies with defrauding investors in a pair of so-called initial coin offerings, or ICOs, purportedly backed by investments in real estate and diamonds. The SEC alleges that Maksim Zaslavskiy and his companies have been selling unregistered securities, and the digital tokens or coins being peddled don’t really exist. […] Read more →
CFTC Files Its First Anti-Fraud Enforcement Action Involving Bitcoin
Litigation The CFTC filed a federal civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Nicholas Gelfman, of Brooklyn, New York, and... Read more →
Duka Beats Fraud Charge in SEC Administrative Court
Litigation Barbara Duka was an employee of Standard & Poor’s Ratings Services. The SEC contended that Duka loosened S&P’s methodology for rating commercial mortgage-backed... Read more →
Minnesota Supreme Court Rejects Delaware Test for Direct Versus Derivative Action
Litigation, M&A In a case arising out of the inversion transaction where Medtronic merged with Coviden, the Minnesota Supreme Court spoke on the proper test of determining when an action is... Read more →