Search Results for: SEC

Are the recent tech founder scandals going to change Silicon Valley or future appetite for investments in tech firms? It seems that investors are unphased by losing millions through the failures of Elizabeth Holmes or the sudden collapse of crypto exchange FTX. Investors seem to love tech visionaries whose brash rhetoric fueled the recent tech [...]

Why was the cryptocurrency exchange FTX valued at $32 billion before it filed for bankruptcy? Many of the world’s most sophisticated investors believed it was worth that much and invested billions based on that valuation. They failed to detect the company’s massive misconduct and their investments were completely wiped out over the course of a [...]

Voters in Iowa Tuesday overwhelmingly voted to adopt a constitutional amendment allowing people to keep and bear firearms. The final vote was 745,118 in favor to 398,881 against. This will make Iowa the 45th state to include the right to keep and bear firearms in its state constitution. The amendment as ratified reads: Right to [...]

The US Supreme Court Monday heard oral arguments in Securities and Exchange Commission v. Cochran. The court will decide whether the federal district courts have the ability to hear challenges against US Securities and Exchange Commission (SEC) proceedings, or whether those challenges must remain within the SEC’s administrative courts. Michelle Cochran was a public accountant [...]

The US Supreme Court Monday heard oral arguments in Axon Enterprise, Inc. V FTC . The court will decide the scope of the Federal Trade Commission‘s (FTC) enforcement powers, whether claims can be reviewed by district courts prior to the completion of agency proceedings and whether the power of courts of appeals to “affirm, enforce, [...]

The Paris Criminal Court Wednesday sentenced former Liberian rebel commander Kunti Kamara to life in prison. The sentence followed a four-week trial with no material evidence presented. The prosecution relied on numerous witnesses and victims to testify to Kamara’s participation in or supervision of the abuses. Kamara stood accused of multiple crimes against humanity including [...]

CVS Health Co. (CVS) and Walgreens Co. (Walgreens), a subsidiary of its parent company Walgreens Boots Alliance, Inc., Wednesday, announced that each company reached a preliminary settlement deal totaling approximately $10 billion in order to end thousands of lawsuits related to ongoing opioid-related litigation. As part of its settlement, beginning in 2023, CVS will pay a total [...]

The US Securities and Exchange Commission (SEC) Wednesday adopted compensation recovery listing standards and disclosure rules which will “require issuers to develop and implement a policy providing for the recovery of erroneously awarded incentive-based compensation received by current or former executive officers.” The SEC stated that the rule applies even if the public company executive [...]

Trevor Milton, founder of automotive manufacturer Nikola Corp., on Friday was convicted of fraud following his misrepresentations and lies regarding the company’s technology. Milton made multiple representations regarding the technologies of his zero-emissions trucking business. Alongside other issues, a jury found that he lied about the costs of using hydrogen fuel as energy which he [...]

The Securities and Exchange Commission (SEC) Monday charged three men for their roles “in orchestrating fraudulent manipulative securities trading schemes” which resulted in a $100 million valuation for a New Jersey deli and a $120 million valuation for a separate shell company. The SEC’s complaint states that Peter L. Coker Sr., Peter L. Coker Jr. and [...]