Genesis’s $21 Million Settlement With SEC Green Lit by Judge March 19, 2024 By Allyson Versprille A federal judge signed off on bankrupt crypto firm Genesis Global Capital’s settlement with the Securities and Exchange Commission over...
Lyft Earnings Report Error Prompts Shareholder Lawsuit March 6, 2024 By Jonathan Stempel Lyft has been sued by shareholders for securities fraud after a mistake in a recent earnings release about a key...
Elon Musk Sues OpenAI and Altman for Breaching Firm’s Founding Mission March 1, 2024 By Saritha Rai Elon Musk sued OpenAI and its Chief Executive Officer Sam Altman, alleging they violated the artificial intelligence startup’s founding mission...
NYCB Hit With First Investor Lawsuit Over Share Price Collapse February 8, 2024 By Patricia Hurtado New York Community Bancorp is facing the first of what are likely to be several securities fraud lawsuits alleging the...
Morgan Stanley to Pay Under $300M to Settle Trading Probe January 16, 2024 By Sridhar Natarajan Morgan Stanley is close to an agreement to pay $200 million to $300 million to resolve a yearslong US investigation...
Musk Off Tesla Board as Part of Settlement With Regulators November 9, 2018 By TOM KRISHER Tesla’s board has named one of its own as chairman to replace Elon Musk, complying with terms of a fraud...
SEC Focus on Unicorn Start Ups Could Change Private Company D&O Insurance November 14, 2016 By Denise Johnson Unicorn start-ups are facing increasing scrutiny by the U.S. Securities and Exchange Commission (SEC) for several reasons, including the potential...
SEC Determines No Enforcement Action Over Target’s Data Breach August 28, 2015 By Matt Robinson The U.S. Securities and Exchange Commission won’t pursue an enforcement action against Target Corp. after hackers stole data on 40...
SEC Reports Rise in Whistleblower Tips in Fiscal 2014 November 25, 2014 By Sarah N. Lynch The U.S. Securities and Exchange Commission received more than 3,500 tips from whistleblowers in fiscal year 2014, the largest number...
Chubb Disowns Syria ‘Adjusters’ After SEC Inquiry October 30, 2014 By Laura Davison Chubb Corp. has distanced itself from insurance adjusters in Sudan and Syria after a U.S. Securities and Exchange Commission inquiry...