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Federal Subpoena Power is Limited and Does Not Bend to Convenience
Reed Smith LLP
Remember the case we told you about last week where the court shutdown Plaintiff’s attempt to use non-mutual offensive collateral estoppel? Well…...
Northern District Of California Dismisses Putative Class Action With Prejudice For Failure To Adequately Allege Loss Causation And Standing
Shearman & Sterling LLP
On April 9, 2024, Judge Beth Labson Freeman of the United States District Court for the Northern District of California dismissed with prejudice a…...
SEC Achieves Jury Verdict In Cryptocurrency Fraud Case
Shearman & Sterling LLP
On April 5, 2024, a jury in the Southern District of New York found cryptocurrency startup Terraform Labs PTE Ltd. (the “Company”) and its co-founder…...
Not Off the Hook: The SEC Addresses its Position on Exculpation And Indemnification For Private Fund Advisers
Proskauer Rose LLP
In its final Private Fund Adviser Rules adopted last year, the SEC dropped one of the more controversial proposed rules—the proposal to prohibit…...
Eastern District Of California Denies Motion To Dismiss Case Alleging Horizontal Price Fixing Conspiracy Of Real Property In Solano County
Shearman & Sterling LLP
On March 28, 2024, Judge Troy L. Nunley of the United States District Court for the Eastern District of California denied a motion to dismiss a…...
