Page 6 - Liability Risk News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To embed, copy and paste the code into your website or blog: For the first time in several years, securities fraud cases declined in 2020, largely due to the pandemic. 1 However, we don’t expect this decrease to continue. Just three months into 2021, there are a number of issues trending in this practice area, including:  Securities litigation against non-U.S.-based issuers;   Securities and derivative litigation arising from SPACs and de-SPAC transactions;  Securities and derivative litigation arising from COVID-19; and Derivative litigation raising issues relating to diversity.  Incr...

To embed, copy and paste the code into your website or blog: As the wave of SPAC IPOs and de-SPAC transactions continues to build, so too has the scrutiny of these transactions from the SEC and the shareholder plaintiff’s bar. On April 8, 2021, the SEC gave its clearest warning yet among a series of recent signals that it plans to intensify its review of de-SPAC transactions. Most recently, the SEC raised the possibility that statements in a de-SPAC transaction proxy statement fall within the IPO exclusion to the Private Securities Litigation Reform Act (“PSLRA”) safe harbor for forward...

John Coates, Acting Director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission (SEC), issued a public statement providing insight into the SEC’s...