by Wiggin and Dana LLP | Sep 15, 2019
On August 26, 2013, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (“OCIE”) issued a Risk Alert highlighting weaknesses and best practices observed during its recent examination sweep of investment...
by Wiggin and Dana LLP | Sep 15, 2019
In a sharp departure from longstanding practice, the Securities and Exchange Commission has required New York-based hedge fund adviser Philip A. Falcone and his advisory firm Harbinger Capital Partners to admit to wrongdoing as a condition of settling civil charges...
by Wiggin and Dana LLP | Sep 15, 2019
On June 24, 2013, the Second Circuit Court of Appeals affirmed a summary judgment decision by the U.S. District Court for the District of Connecticut holding that the Connecticut Franchise Act (“CFA”) did not apply to the relationship between an insurance...
by Wiggin and Dana LLP | Sep 15, 2019
In a case that should provide a cautionary tale to business owners and high-level managers, the United States Court of Appeals for the Second Circuit recently affirmed a ruling finding John Catsimatidis, the CEO and owner of New York-area grocery chain...
by Wiggin and Dana LLP | Sep 15, 2019
Last week, the U.S. Court of Appeals for the Second Circuit limited the reach of criminal prosecutors in cases involving foreign securities and foreign transactions, providing defense counsel with ammunition to challenge such prosecutions. The court’s holding...
