Rochelle Schultz
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Cornerstone Research’s latest annual report discloses that the number and average size of securities class-action settlements increased in 2015 as compared to 2014. Total settlement dollars rose to more than $3 billion – similar to the annual average for the prior five years, but a significant increase from 2014. Cornerstone attributes the 2015 increase in … Continue Reading
Following recent trends, the U.S. Securities and Exchange Commission brought an administrative proceeding against a U.S. issuer for the alleged corrupt activities of its foreign subsidiaries. Earlier this week, Goodyear Tire & Rubber Company agreed to pay the SEC over $16 million to settle charges alleging that it violated the accounting provisions of the Foreign … Continue Reading
On February 3, 2015, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) issued a Risk Alert that summarized its findings about cybersecurity preparedness in the securities industry. As part of its Cyber Security Examination Initiative, the OCIE collected and analyzed information about cybersecurity practices and trends from over 100 registered investment advisers and broker-dealers. … Continue Reading
Cornerstone Research Reports “Surge” in Securities Class-Action Settlements in 2015
By Jonathan Richman and Rochelle Schultz on Posted in Securities Law
Goodyear Pays for the Acts of its Subsidiaries in a $16 Million FCPA Settlement
By Sigal Mandelker, Rochelle Schultz and Phillip Caraballo-Garrison on Posted in SEC Enforcement, White Collar
SEC Releases Results of Cybersecurity Examination Sweep
By Rochelle Schultz and Phillip Caraballo-Garrison on Posted in Corporate Governance, Financial Services
