May 14th, 2013
May 2013 A recent study in The Journal of Financial Economics suggests that a compensation structure that relies on financial performance measures can be tied to [...]
April 30th, 2013
April 2013 On March 4, 2013, NASDAQ issued a proposed new rule (Release No. 34-69030; File No. SR-NASDAQ-2013-032) which would require listed companies to have [...]
April 2nd, 2013
April 2013 On February 25, 2013, the Public Accounting Oversight Board (PCAOB) issued its summary report on smaller accounting firms. The PCAOB described its inspections [...]
February 5th, 2013
February 2013 Data is valuable. The question is once you have it, how can you use it? Data analytics uses processes to extract and evaluate [...]
January 4th, 2013
January 2013 The False Claims Act, 31 U.S.C. § 3729 et seq., allows penalties of $5,500 to $11,000 per claim and triple damages against those [...]
November 26th, 2012
November 2012 The U.S. Justice Department (DOJ) and Securities and Exchange Commission (SEC) jointly published a much anticipated guidance on the U.S. Foreign Corrupt Practices [...]
September 5th, 2012
September 2012 On August 20, 2012, the Public Company Accounting Oversight Board (PCAOB) released its first report on the progress of the interim inspection program [...]
August 28th, 2012
August 2012 In a quick settlement over Iranian-related illegal conduct, Standard Chartered Bank (SCB) agreed on August 14 to pay $340 million in a settlement [...]
July 10th, 2012
July 2012 UK-based Barclays is the fourth largest bank in the world, with operations in over 50 countries. Barclays recently received huge publicity pertaining to [...]
June 11th, 2012
June 2012 MF Global Inc. filed the eighth-largest U.S. bankruptcy on Monday October 31, 2011. MF Global would ultimately report the shortfall in customer accounts [...]
June 11th, 2012
June 2012 Billions of dollars are being stolen from the U.S. Treasury through a combination of identity theft and related fraudulent tax returns. To make [...]
June 6th, 2012
January 2012 Before its failure, IndyMac Bank was the largest savings and loan association in the Los Angeles area and the seventh largest mortgage originator [...]
November 3rd, 2011
November 2011 It just got a lot harder to successfully sue preparers of financial statements and their auditors under the 1933 Securities Act. In Fait [...]
August 11th, 2011
August, 2011 On May 17, 2011, the Securities and Exchange Commission (SEC) announced its first-ever deferred prosecution agreement with a company who voluntarily reported a [...]
March 17th, 2010
March 2010 Discovery requests regularly ask (often through form interrogatory 12.3 and a related document production request) for all witnesses interviewed, and to produce copies [...]
April 17th, 2009
April 2009 In an April 2009 written Order following a three-day hearing, federal judge Cormac Carney criticized Irell & Manella for “ethical failures” arising from [...]
January 17th, 2009
January 2009 In mid-December, Bernard Madoff was arrested for operating a giant ponzi scheme. After his two sons reported him to regulators, Madoff admitted that [...]
November 17th, 2008
November 2008 The Obama campaign shattered all fund-raising records. The President-elect raised approximately twice as much money (approximately $300 million more) than McCain. A surprising [...]
January 17th, 2008
January 2008 The Delaware Chancery Court issued a ruling in Ryan v. Gifford, C.A. No. 2213-CC (Del. Ch. Nov. 30, 2007) that runs afoul of [...]
July 17th, 2007
July 2007 Stock option backdating scandals have grabbed headlines for quite some time. These scandals were initially identified by academic research that noted unexplained stock [...]