Securities and Exchange Commission
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Finance
SEC’s New Report On GameStop Stock Surge Is Pretty Wild
The SEC stopped short of making any new policy recommendations, but the agency did strongly imply that it would be taking a closer look at Robinhood Markets. -
Finance
Exxon Shakeup Shows Climate Activists' Boardroom Power
A surprising coup sends a tremor through corporate America. - Sponsored
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Government
'Indonesian Torture Case' Not Exactly The Phrase You Want To See Attached To Biden Official
Criticism had grown louder of the pick, but this proved too much to overcome. -
Litigators
Continued Evolution Of Whistleblower Law
It's always important for practitioners who represent whistleblowers to stay abreast of changes in the law. -
Technology
Office Space: Insider Trading
Excellent, a new word to add to the already bursting lexicon of completely transparent euphemisms for insider trading. -
Law Schools
NYU Law School Students Desperately Don't Want This Professor Teaching But Not For The Reasons You Might Think
They want the SEC Commissioner to stay right where he is, thank you very much. -
Technology
The SEC Joins The Cutting-Edge eDiscovery World
SEC selects Casepoint for eDiscovery needs. - Sponsored
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Finance
Maverick Exchange IEX Openly Taunts NYSE, Nasdaq Giants Over Fees; SEC Regulators Nod Approvingly
IEX, and the SEC, should be applauded for continuing to help promote fairer markets for all of us. -
Morning Docket
Morning Docket: 05.16.19
* Alabama’s new abortion law takes aim at a Supreme Court that just all but junked stare decisis. How’s that “no drama” Court looking, Mr. Chief Justice? [NPR]
* Law firms are in the midst of a decent financial run, so obviously they’ve stopped innovating because self-relection is for losers. [American Lawyer]
* John Dowd has registered as a lobbyist eschewing the customary diplomatic game of pretending not to be a lobbyist for a couple years after leaving the service of the president. [National Law Journal]
* Trump pardoned Conrad Black, a fraudster who has taken to calling the Mueller probe a sham… which appears to be a criminal’s ticket to exoneration these days. [Law360]
* SEC enforcement actions are reaching a fever pitch and they’re making sure they stay out of court. [Corporate Counsel]
* “I considered crashing my car just to take a week off….” [Legal Cheek]
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Finance
Elon Musk’s Not The Only Ego In The Courtroom For SEC’s Tesla Tweet Contempt Showdown
SEC personnel should think more about who they are supposed to be protecting and less about the mean things Elon Musk said about them. -
Morning Docket
Morning Docket: 04.05.19
* Ted Cruz is threatening Yale Law School because that’s the sort of shallow posturing Ted Cruz has made a career out of. [Washington Examiner]
* Clarence Thomas says he’s not going to retire just so Trump can replace him proving that narcissistic hubris is truly bipartisan. [National Law Journal]
* Being a jerk on an airplane is now worth 6 months in jail. Make a note of it. [Legal Cheek]
* The SEC thinks it’s time for some real fines on Elon Musk. [Law360]
* Trump just installed another zygote to the federal bench, even though he was born in one of the Mexican countries. [Miami Herald]
* Just a reminder that legislators are mostly stuffed shirts pocketing lobbyist cash. [USA Today]
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Finance
SEC Shatters The Backboard At Supreme Court Despite Thomas’s Rambling Old Man Dissent
Despite the mildly infuriating dissent, the right side won, and the SEC scored a well-earned victory.
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Morning Docket
Morning Docket: 03.27.19
* Attorney General William Barr says he plans to make a version of special counsel Robert Mueller’s report available to Congress and the public within a matter of weeks, and apparently the White House won’t be receiving a copy in advance of the release. [Wall Street Journal]
* Speaking of the Mueller report, Rudy Giuliani says he wouldn’t have any issues with releasing Trump’s written testimony that was submitted to Mueller. Jay Sekulow would beg to differ. [Washington Examiner]
* The EU approved the controversial Copyright in the Digital Single Market Directive, a new IP law that will govern the way copyrighted material is uploaded online and who will be liable for infringement. At least memes are exempt? [BBC News]
* Congratulations to Bridget Bade, who was just confirmed to the Ninth Circuit. She’s the 37th circuit court judge to be appointed by President Trump, who is changing the makeup of the federal judiciary, one conservative judge at a time. [Big Law Business]
* Elon Musk must appear in court next week for a contempt hearing over his Tesla tweets against self-interest that are allegedly in breach of his settlement agreement with the Securities and Exchange Commission. [CNN]
* Your bracket may be busted, but this Biglaw associate has a near-perfect track record. She’s gotten 46 out of 48 matchups right thus far, and at one point she was one of just eight people in the country with a perfect bracket. [American Lawyer]
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Morning Docket
Morning Docket: 03.13.19
* Chairman Adam Schiff (D-Calif.) of the House Intelligence Committee is none too pleased with the Justice Department at the moment. Apparently two unnamed senior officials said the DOJ might refuse to share special counsel Robert Mueller’s report with Congress, a claim Schiff called “absolutely insupportable.” [ABC News]
* Last week, Paul Manafort was sentenced to under four years in jail by Judge T.S. Ellis III (just a little less than the 19 to 24 years called for in the sentencing guidelines), and today, Judge Amy Berman Jackson could sentence him to up to 10 years behind bars. [The Hill]
* Michael Avenatti and Stormy Daniels have officially “broken up” (i.e., their attorney/client relationship has ended), and their announcement was obviously made on Twitter. Clark Brewster will now serve as her personal lawyer. [Daily Beast]
* In case you missed it, the federal judiciary announced a major change to how it will respond to allegations of sexual misconduct. Per Chief Judge Merrick Garland of the D.C. Circuit, it is now “misconduct not to report misconduct.” [Big Law Business]
* “[I]f this deal is not passed, then Brexit could be lost.” Unconvinced, British lawmakers have once again rejected Prime Minister Theresa May’s Brexit plan to leave the European Union. Will this be the end of Brexit? [USA Today]
* Women lawyers continue to push for lactation rooms in courthouses across the country, and now, the ABA House of Delegates has passed a resolution to make sure all courts create proper facilities for mothers who need to pump or nurse. [Law.com]
* Elon Musk claims that the Securities and Exchange Commission is trying to unconstitutionally censor him and “trample on” his First Amendment rights. This is all over a tweet on Twitter, mind you. [Wall Street Journal (sub. req.)]
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Morning Docket
Morning Docket: 02.26.19
* Michael Cohen’s three days in the sun begin. [CNBC]
* Lawyers trying to hold back release in Kraft massage parlor matter. [WPTV]
* Firm GCs are volunteering to mentor Biglaw on diversity. If they’d just live up to their commitment to take business away from firms that either don’t make or make only a token attempt at diversity, they wouldn’t need to hold these cute mentorship meetings. [American Lawyer]
* Elon Musk is either completely ignorant of his legal obligations or doesn’t care that he violates them. Either way, it’s an invitation to massively step up sanctions. [Law360]
* Trump campaign staffer claims he forcibly kissed her without her consent, which shocks no one who’s ever listened to him talk. [National Law Journal]
* The burgeoning niche practice of hash brown law. [Washington Post]
* Profiling the intellectual property lawyer fighting for the CBD industry. [Forbes]
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Finance
SEC Heroically Stops Big Banks' Quarter-Billion Dollar Fraud, Pretentious Financial Jargon Keeps Anyone From Noticing
The hardworking staff at the SEC deserves a big pat on the back for putting a stop to this. -
Morning Docket
Morning Docket: 11.20.18
* ACLU and Center for Constitutional Rights score win with court order proclaiming the obvious: No, you can’t blanket deny asylum seekers. [Associated Press via Huffington Post]
* Cyrus Vance accuses someone of seeking publicity over justice. [Variety]
* Are you suggesting that law firms and clients don’t listen to each other? [American Lawyer]
* The Trump administration wanted to share census answers with the cops… which is why they were so hot to get those illegal citizenship questions on there. It’s like 3D checkers of bumbling xenophobia over here. [Washington Post]
* The SEC’s whistleblower program handed out more awards this year than ever before! Unsurprisingly, the article makes no mention of Justice following up on any of these financial crimes. [Law360]
* Third Circuit taking a stab at New Jersey’s ban on high-capacity magazines — just as the Framers’ envisioned. [New Jersey Law Journal]
* What are law schools training students for? Debt management, maybe?[Forbes]
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Morning Docket
Morning Docket: 10.10.18
* Oh boy, it looks like we’ve got a new person to lock up. People who attended Trump’s MAGA rally in Iowa last night broke out into chants of “lock her up!” after the president wondered whether Senator Dianne Feinstein leaked a letter containing Dr. Christine Blasey Ford’s allegations of sexual misconduct against Supreme Court Justice Brett Kavanaugh. [The Hill]
* Just because Brett Kavanaugh was confirmed to the Supreme Court doesn’t mean that student organizers at Yale Law are giving up. Yale Law Students Demanding Better will be entering a “new phase of advocacy,” by getting politically involved, registering voters, and joining grassroots movements. [Yale Daily News]
* Elon Musk hired Williams & Connolly chairman Dane Butswinkas to help him with the hot securities mess he’s created. He may have settled his case with the SEC, but a judge still has to accept their agreement and his tweet calling the agency the “Shortseller Enrichment Commission” might not help him. [Big Law Business]
* Keila Ravelo, the former Biglaw partner who pleaded guilty to tax evasion and conspiracy to commit wire fraud charges last year, will be sentenced today in her $7.8 million scheme to cheat her firms and clients. The government is asking for six years behind bars and three years of supervised release. [New Jersey Law Journal]
* Women have been treated unfairly in the legal profession for far too long, and maybe that’s why the number of women-owned firms has been dramatically increasing. As a partner in your own firm, the compensation will be fair, promotions will be merit-based, and no one is going to sexually harass you. What’s not to like? [Law.com]
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Morning Docket
Morning Docket: 10.02.18
* Police questioned Brett Kavanaugh over a bar fight he and Chris Dudley apparently got into — wait, Chris Dudley? This whole “Brett + Alcohol = Violence” equation is becoming a pattern. And a pattern he lies about under oath. [NY Times]
* Department of Justice sues California over its net neutrality law. So much for states’ rights. [Courthouse News Service]
* Law firms are merging at a record pace. This should probably worry people more. [American Lawyer]
* This reads more like an exam question than real life. Is it a trademark violation to spell fiance as Feyoncé when selling engagement gifts? What if we add that they also sold stuff that references “Single Ladies”? [Law360]
* Sidley Austin earns less than the midlevel exception. Or about what Chris Dudley was worth. [American Lawyer]
* The Supreme Court is open for business. Will they further limit access to justice this Term? Probably, yeah. [National Law Journal]
* “SEC Suit Over Elon Musk’s Tweets Sets an Example for Execs Online.” Indeed: Don’t Date Grimes. [Corporate Counsel]