Attorneys in Goodwin’s Securities + Shareholder Litigation and White Collar Defense practices have extensive experience before federal and state courts, legislative bodies, and regulatory and enforcement agencies. We continually monitor notable developments in these venues to prepare the Securities Snapshot — a bi-weekly compilation of securities litigation news delivered to subscribers’ via email. This publication summarizes news from the civil and criminal securities law arenas in a succinct, easy-to-read format. Topics covered include litigation and enforcement matters, legislation, rulemaking, and interpretive guidance from regulatory agencies.
March 26, 2019
Second Circuit upholds $92.8 million civil penalty for insider trading; Second Circuit affirms dismissal of shareholder suit against mutual fund investment adviser; Second Circuit affirms dismissal of “creative attempt to recast corporate mismanagement as securities fraud”; stock drop suit based on alleged misrepresentations and omissions relating to Lexmark’s inventory glut to proceed.