The U.S. Court of Appeals for the Second Circuit denied a petition filed by several attorneys general and investment advisers challenging the legality of the SEC's adoption of Regulation Best Interest.
The U.S. Court of Appeals for the District of Columbia Circuit granted a petition for review and vacated an SEC Rule and related pilot program designed to test the effects of certain fees and rebate pricing models on the market.
The U.S. District Court for the Southern District of New York held that certain syndicated loans sold to institutional investors are not "securities" and rejected claims of violations of federal and state securities laws.
A U.S. District Judge for the District of Connecticut reversed a jury verdict that found a former energy executive guilty of seven counts of violating the anti-bribery provisions of the Foreign Corrupt Practices Act.
An investment fund challenged an IRS determination that various contracts entered into between the fund and an investment bank resulted in the fund having effective ownership of the positions that were the subject of the contracts.
By affirming the grant of a preliminary injunction, the U.S. Court of Appeals for the Ninth Circuit ruled that LinkedIn cannot stop a data analytics company from using publicly available information from LinkedIn's website.
The Court of Appeals for the Ninth Circuit reinstated a CFTC complaint against a precious metals credit company for defrauding retail customers through illegal, off-exchange leveraged commodity transactions.
A U.S. District Court held that compliance communications are not protected by attorney-client privilege or the work-product doctrine, and that the SEC can force an investment advisor to produce documentation of such communications.
The U.S. District Court for the Southern District of New York denied the Office of the Comptroller of the Currency’s motion to dismiss a lawsuit that challenged the OCC’s authority to issue "FinTech" charters under the National Bank Act.
The U.S. Supreme Court found that an investment banker may be held legally responsible for disseminating statements that he knew to be false, even though he was not the "maker" of the false statements.
The U.S. Court of Appeals for the Second Circuit affirmed a lower court's dismissal of a shareholder's lawsuit, which alleged that a health insurer and its executives misled investors regarding compliance with Medicare regulations.