After a two week trial in 2013, a jury convicted Mitchell J. Stein, a lawyer, of mail, wire, and securities fraud based on evidence that he fabricated press releases and purchase orders to inflate the stock price of his client Signalife, Inc., a...
Criminal Conviction Of De Facto Officer Does Not Preclude D&O Coverage
Posted on April 10, 2017
Why Bassam Salman Should Not Have Been Convicted
Posted on March 13, 2017
A lot of ink has been spilt on the United States Supreme Court's decision in Salman v. United States, 137 S. Ct. 420 (2016). In that case, the Supreme Court upheld the criminal conviction of Mr. Bassam Salman who received lucrative trading tips from...
Ninth Circuit Accords Chevron Deference To The SEC, What Would Judge Gorsuch Say?
Posted on February 07, 2017
Last week, I noted that Judge Gorsuch has expressed a certain skepticism of Chevron deference. The next day, the Ninth Circuit Court of Appeals held that the Securities and Exchange Commission's interpretation of Section 19(d)(2) of the Securities...
SEC Continues To Pay Out Millions In Secrecy
Posted on January 25, 2017
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