Managers of Wealth Americas

Delaware Chancery Court Allows SPAC Merger Challenge to Proceed

The Court analogized the alleged interference with the SPAC shareholders’ redemption rights to the shareholders’ right to vote.

Wahed Debuts First Shariah-Compliant and ESG-Aware ETF on Nasdaq

Provides U.S. investors access to international investments that align with their values

Armstrong Teasdale Opens Miami Office, Adds 12 Attorneys and Staff

The experienced team joining from Waldman Barnett provides an impressive depth of skill, particularly in the litigation practice.

Labaton's Jordan Thomas splits to form SEC whistleblower law firm

The spin-off leaves Labaton without any attorneys specializing in whistleblower representation, according to the firm's website.

Elizabeth Holmes: Theranos founder convicted of fraud

Theranos founder Elizabeth Holmes has been convicted of defrauding investors after a months-long landmark trial in California.

Finra Arbitrators Toss YES Claim Against UBS

The claim, allegation, or information is factually impossible or clearly erroneous,” the arbitrators wrote in their ruling.

Commodity Futures Trading Commission

The order finds that, beginning in approximately June 2020, Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as “event markets.

The legal talent war that broke out in 2021 shows no sign of slowing down

“All the soft indicators we look at are suggesting that the current market will continue.”

Russia seeks information on missing ‘bank fraud’ funds from US correspondent banks

The three New York banks are believed to have functioned as correspondent banks “for some of the Ananyev brothers’ fraudulent transfers”

Morgan Stanley agrees to pay $60m to settle data lawsuit

Under the settlement, the customers can receive at least two years of fraud insurance coverage and reimbursement of up to $10,000.

U.S. appeals court revives Libor-rigging claims against banks

The appeals court adopted that theory after U.S. District Judge Naomi Reice Buchwald in Manhattan had dismissed investor claims in 23 separate cases from the decade-old litigation.

SEC Charges Financial Company and Its President with Engaging in Fraudulent Schemes to Boost Stock Price

The complaint alleges that when the existing valuation firm refused to cave to Murstein’s pressure to increase the Bank’s valuation, Murstein fired the firm and hired a new firm to provide an inflated valuation of the Bank.

Kardashians’ former business manager Angela Kukawski dies in ‘homicide’ aged 55

The Kardashians’ former business manager Angela ‘Angie’ Kukawski has died in a suspected homicide aged 55.

K&L Gates advises Gorilla Technology Group

In addition, Gorilla provides a complete Security Convergence Platform to government institutions, telecom companies, and private enterprises with network surveillance and cybersecurity.

Soros Firm Looks to UBS for New General Counsel

Andrew Hollenbeck spent a dozen years at UBS AG units

SEC Proposes Rules on Insider Trading, Rule 10b5-1 and Share Repurchases

Notably, these proposals only have a 45-day comment period, which is shorter than the more customary 60- or 90-day comment periods.

Goldman Sachs Will Require U.S. Employees to Get Booster Shots

Goldman's new policies, communicated to staff on Monday, follow a week of rising COVID infections across the United States.

Goldman Sachs will require U.S. employees to get booster shots

Goldman was among the Wall Street banks that have pushed hardest to bring staff back into offices.

Trends in Delaware Litigation that will have an Impact in 2022 and Beyond

Delaware Supreme Court establishes a streamlined demand futility test in derivative cases For years, the Delaware Courts used two different tests to analyze demand futility.

Investors get preliminary approval for $60M settlement over alleged JPMorgan 'spoofing'

If approved, the deal would build on a $920M settlement with the federal government over the investment bank's use of an outlawed trading practice.

Legal, Regulation & Compliance