Securities fraud

Schulte Roth & Zabel Continues Expansion of Investment Management Regulatory Capabilities With Addition of Michael Didiuk

Retrieved on: 
Monday, September 25, 2023

Schulte Roth & Zabel is proud to announce the addition of Michael Didiuk as a partner in the Investment Management Regulatory & Compliance Group in New York.

Key Points: 
  • Schulte Roth & Zabel is proud to announce the addition of Michael Didiuk as a partner in the Investment Management Regulatory & Compliance Group in New York.
  • Michael has more than 20 years of experience as an investment management regulatory lawyer, both at leading law firms and the US Securities & Exchange Commission (SEC).
  • Michael spent more than seven years at the SEC, where he held various roles, including senior counsel in the Office of Chief Counsel for the Division of Investment Management, and investment management counsel to two SEC commissioners.
  • He is the latest partner addition to Schulte’s market-leading Investment Management Regulatory & Compliance Group, which has been ranked Band 1 in Chambers USA every year since the category was recognized.

Schulte Roth & Zabel Strengthens SEC Enforcement Practice With Addition of John Nowak

Retrieved on: 
Monday, July 17, 2023

NEW YORK, July 17, 2023 /PRNewswire/ -- Schulte Roth & Zabel is proud to announce the addition of John Nowak as a partner in the Litigation Group in New York.

Key Points: 
  • NEW YORK, July 17, 2023 /PRNewswire/ -- Schulte Roth & Zabel is proud to announce the addition of John Nowak as a partner in the Litigation Group in New York.
  • John has a robust enforcement practice, representing private equity funds, hedge funds, broker-dealers, corporations, boards of directors, principals and executives in internal investigations, government inquiries and litigation.
  • "This is a significant opportunity to further strengthen our enforcement practice in support of our clients," said David Efron, co-managing partner of Schulte.
  • In addition to Julia Beskin, Tim Gilman and Chris Gerson in Schulte's Litigation Group, John is the latest new partner to join the firm.

Robbins Geller Files First-of-Its-Kind Lawsuit Against Venture Capital Firms That Backed FTX

Retrieved on: 
Thursday, February 16, 2023

On February 14, 2023, Robbins Geller Rudman & Dowd LLP filed a federal class action complaint against venture capital firms Sequoia Capital, Thoma Bravo, and Paradigm Operations for their conduct in financing and promoting the now-bankrupt cryptocurrency exchanges West Realm Shires Services Inc. d/b/a FTX US and FTX Trading LTD. d/b/a FTX (collectively, “FTX”).

Key Points: 
  • On February 14, 2023, Robbins Geller Rudman & Dowd LLP filed a federal class action complaint against venture capital firms Sequoia Capital, Thoma Bravo, and Paradigm Operations for their conduct in financing and promoting the now-bankrupt cryptocurrency exchanges West Realm Shires Services Inc. d/b/a FTX US and FTX Trading LTD. d/b/a FTX (collectively, “FTX”).
  • FTX’s misleading marketing campaign touted the venture capital firms’ investments and used the firms’ reputations to bolster its own credibility.
  • FTX has been forced into bankruptcy, leaving hundreds of millions of dollars’ worth of customer assets trapped on the FTX platforms.
  • “No one who engaged in culpable misconduct should evade accountability for the damage done to FTX customers,” said Robbins Geller partner Brian E. Cochran .

IAB Tech Lab Releases Updates to SIMID 1.2 and VAST 4.3 For Public Comment

Retrieved on: 
Thursday, September 22, 2022

NEW YORK, Sept. 22, 2022 /PRNewswire/ -- Today, IAB Tech Lab, the global digital advertising technical standards-setting body, announced the release of updates to Secure Interactive Media Interface Definition 1.2 (SIMID 1.2) and Video Ad Serving Template 4.3 (VAST 4.3). The updates are open for public comment for a 30-day period until October 22, 2022.

Key Points: 
  • The updates are open for public comment for a 30-day period until October 22, 2022.
  • "IAB Tech Lab has been in deep review with the industry about simplifying video ad delivery and addressing the challenges of Advanced Television for buyers and publishers of TV content.
  • These updates are intended to make video campaigns more scalable and reduce the costs of executing them by further automating the process," said Shailley Singh, Executive Vice President, Product and Chief Operating Officer, IAB Tech Lab.
  • VAST 4.3 includes updates to minimize wasted costs for advertisers specifically in the Connected TV (CTV) environment.

Cadwalader Adds Nationally Renowned White Collar Defense Partners Kenneth Breen and Phara Guberman

Retrieved on: 
Tuesday, September 13, 2022

NEW YORK, Sept. 13, 2022 /PRNewswire/ -- Cadwalader, Wickersham & Taft LLP continues to expand its Global Litigation and White Collar Defense and Investigations groups, with the addition of high-profile partners Kenneth M. Breen and Phara A. Guberman.

Key Points: 
  • NEW YORK, Sept. 13, 2022 /PRNewswire/ -- Cadwalader, Wickersham & Taft LLP continues to expand its Global Litigation and White Collar Defense and Investigations groups, with the addition of high-profile partners Kenneth M. Breen and Phara A. Guberman.
  • Breen and Guberman are highly experienced trial attorneys who join Cadwalader from Paul Hastings, where Breen most recently served as head of Paul Hastings' New York white collar group after 10 years as chair of the firm's global investigations and white collar defense team.
  • Added white collar defense and investigations practice chair Jodi Avergun: "The arrival of Ken and Phara is another crucial step in the ongoing build-out of our exceptional white collar practice.
  • "Phara and I are excited to join Cadwalader's world-class white collar defense practice," Breen said.

Lawsuit Filed Against Black Rifle Coffee (NYSE: BRCC): 1791 Management files Stock Market Manipulation and Securities Fraud Lawsuit against BRC Inc.

Retrieved on: 
Friday, May 20, 2022

LAS VEGAS, May 19, 2022 /PRNewswire/ -- 1791 Management ("1791") filed a Securities Fraud and Market Manipulation Lawsuit against Black Rifle Coffee (BRCC).

Key Points: 
  • LAS VEGAS, May 19, 2022 /PRNewswire/ -- 1791 Management ("1791") filed a Securities Fraud and Market Manipulation Lawsuit against Black Rifle Coffee (BRCC).
  • The action charges Black Rifle with intentional violations of securities laws and fraud, including deliberate breach of contract, breach of fiduciary duty, and negligent misrepresentation.
  • Lawsuit Filed Against Black Rifle Coffee (NYSE: BRCC)
    Financial markets help efficiently direct the flow of savings and investment.
  • If investors perceive the market as unfair and dishonest it would undermine America's vital economic system.

LAWSUIT FILED AGAINST ENERGY VAULT (NYSE: NRGV): 1791 Management files Securities Fraud and Market Manipulation Lawsuit against Energy Vault Inc

Retrieved on: 
Thursday, May 19, 2022

LAS VEGAS, May 19, 2022 /PRNewswire/ --1791 Management ("1791") filed a Securities Fraud and Market Manipulation Lawsuit against Energy Vault Inc (NRGV).

Key Points: 
  • LAS VEGAS, May 19, 2022 /PRNewswire/ --1791 Management ("1791") filed a Securities Fraud and Market Manipulation Lawsuit against Energy Vault Inc (NRGV).
  • The action charges Energy Vault with intentional violations of securities laws and fraud, including deliberate fraudulent misrepresentations and omissions relating to the company's business, operations, and prospects.
  • Lawsuit Filed Against Energy Vault (NYSE: NRGV)
    The lawsuit covers malfeasance, by any party, including but not limited to Energy Vault and its related entities, contractors, management, and board members.
  • Otherwise, investors may stay out of markets if perceived to be unfair or subject to manipulation.

U.S. Attorney's Office Corporate and Securities Fraud Chief William Frentzen Joins Morrison & Foerster

Retrieved on: 
Thursday, January 6, 2022

Mr. Frentzen most recently served as Chief of the Corporate and Securities Fraud Section within the U.S. Attorney's Office for the NDCA.

Key Points: 
  • Mr. Frentzen most recently served as Chief of the Corporate and Securities Fraud Section within the U.S. Attorney's Office for the NDCA.
  • In this role, he supervised the unit with primary responsibility for prosecuting white collar crime in the District, including corporate fraud, securities fraud, public corruption, intellectual property crimes, money laundering, healthcare fraud, digital currency crime, tax crimes, and cybercrime.
  • Before that, Mr. Frentzen oversaw an elite unit responsible for prosecuting the highest profile white collar crimes in the NDCA.
  • Mr. Frentzen adds to the deep bench of senior government officials that the firm has added in recent years.

Latham Adds Two Former Prosecutors to Bay Area and Los Angeles Offices

Retrieved on: 
Monday, January 3, 2022

His experience leading complex trials and investigations will be invaluable to our clients," said Tad Freese, Managing Partner of the Bay Area Offices.

Key Points: 
  • His experience leading complex trials and investigations will be invaluable to our clients," said Tad Freese, Managing Partner of the Bay Area Offices.
  • Joiner received his JD from the Georgetown University Law Center and his BA from the University of California, Los Angeles.
  • Latham & Watkins works in cooperation with the Law Office of Salman M. Al-Sudairi in the Kingdom of Saudi Arabia.
  • Doug Greenburg, Global Chair, White Collar Defense & Investigations Practice, +1.202.637.1093
    Tad Freese, Bay Area Offices Managing Partner, +1.650.463.3060
    Larry Seymour, Los Angeles Office Managing Partner, +1.213.891.8780
    View original content to download multimedia: https://www.prnewswire.com/news-releases/latham-adds-two-former-prosecut...

RENOVACARE DEADLINE ALERT: Faruqi & Faruqi LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In RenovaCare To Contact Him Directly To Discuss Their Options

Retrieved on: 
Sunday, September 5, 2021

If you suffered losses exceeding $50,000 investing in RenovaCare stock or options between August 14, 2017 - May 28, 2021 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.

Key Points: 
  • If you suffered losses exceeding $50,000 investing in RenovaCare stock or options between August 14, 2017 - May 28, 2021 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.
  • Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Delaware, Pennsylvania, California and Georgia.
  • On May 28, 2021, the SEC issued a litigation release stating that RenovaCare was being charged with alleged securities fraud.
  • Faruqi & Faruqi, LLP also encourages anyone with information regarding RenovaCares conduct to contact the firm, including whistleblowers, former employees, shareholders and others.