Business Valuation Zone

ESG Securities Fraud

Harvard Corporate Governance

MAY 15, 2023

The 2019 collapse of the Brumadinho dam in Brazil not only released 12 million tons of mining waste and took 270 lives, it prompted the filing of a major securities fraud enforcement case in the United States by the Securities & Exchange Commission (SEC).

Cyber Governance: Growing Expectations for Information Security Oversight and Accountability

Harvard Corporate Governance

NOVEMBER 6, 2023

At the same time, this dependency exposes corporate issuers to an increasing amount of information security-related risk, raising alarm among stakeholders. Good information security oversight should seek to reduce a company’s potential risk of harmful economic outcomes. more…)

Technology

Why Cryptoassets Are Not Securities

Harvard Corporate Governance

DECEMBER 6, 2022

This regulation must have a solid legal foundation, a key pillar of which is a workable framework to distinguish cryptoassets [1] that are securities from those that are not. A new paper provides this framework, by showing why fungible cryptoassets are not themselves securities under existing U.S. federal securities laws.

Marketability

Remarks by Chair Gensler Before the 2023 Securities Enforcement Forum

Harvard Corporate Governance

OCTOBER 26, 2023

Securities and Exchange Commission, on Thursday, October 26, 2023 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. The views expressed in this post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

Securities and Derivative Litigation: Quarterly Update

Harvard Corporate Governance

AUGUST 17, 2023

Because Section 27 of the Exchange Act gives federal courts exclusive jurisdiction over Section 14(a) claims, enforcing the bylaw provision would effectively prohibit a Section 14(a) derivative action from being brought in any forum.

A History of Securities Law in the Supreme Court

Harvard Corporate Governance

APRIL 25, 2023

Our new book, A History of Securities Law in the Supreme Court , explores how the Supreme Court has made (and remade) securities law. We highlight the roles played by the individual justices in shaping the securities laws. He was a key figure in the drafting of the three securities statutes enacted in Roosevelt’s first term.

Securities Law Precedents, Legal Liability, and Financial Reporting Quality

Harvard Corporate Governance

OCTOBER 18, 2023

securities class actions (SCAs) are one of the most significant sources of legal liability for firms, allowing investors to potentially recoup investment losses caused by securities law violations. Thus, the collection of rulings affects private enforcement of securities law and shapes firms’ litigation environment. In the U.S.,

Finance

Finance Technology

The Business of Securities Class Action Lawyering

Harvard Corporate Governance

FEBRUARY 23, 2023

Shareholders who lose money due to fraud can file securities class actions to recover their losses, but most shareholders do not have enough money at stake to justify overseeing the cases filed on their behalf. This data allows in-depth analysis of the business behind securities class action lawyering.

The Valuation Treadmill: How Securities Fraud Threatens the Integrity of Public Companies

Harvard Corporate Governance

OCTOBER 17, 2022

This post is based on his recent book The Valuation Treadmill: How Securities Fraud Threatens the Integrity of Public Companies. Sarbanes-Oxley essentially requires every large public corporation to dedicate substantial resources to preventing securities fraud.

Marketability

2022 Developments in U.S. Securities Fraud Class Actions Against Non-U.S. Issuers

Harvard Corporate Governance

APRIL 12, 2023

Introduction In 2022, plaintiffs filed 34 securities class action lawsuits against non-U.S. 1] As was the case in 2021 and 2020, the Second Circuit continues to be the jurisdiction of choice for plaintiffs bringing securities claims against non-U.S. A slim majority of securities class actions against non-U.S.

Banking

Digital Asset Securities Regulation: A Petition for Rulemaking from Coinbase

Harvard Corporate Governance

AUGUST 1, 2022

This post is based on a petition for rulemaking submitted by Coinbase to the SEC regarding Digital Asset Securities Regulation. This post is based on a petition for rulemaking submitted to the SEC regarding Digital Asset Securities Regulation by Coinbase.

Marketability

Marketability Compliance Technology

Disgorgement Accounting After Liu v. SEC in Securities Enforcement Cases

Harvard Corporate Governance

AUGUST 30, 2023

But how should securities lawyers calculate these “net profits” in the wake of Liu? My new draft article, available here , provides securities attorneys a guide for working with forensic accountants to develop defensible disgorgement calculations as they negotiate with the SEC and as they litigate on behalf of clients.

Finance

California State Court Applies Discovery Stay in Securities Act Claim

Harvard Corporate Governance

AUGUST 31, 2022

Key Points: State courts across the country have reached conflicting conclusions on whether the Private Securities Litigation Reform Act’s (PSLRA) automatic stay of discovery pending a ruling on a complaint’s legal sufficiency applies to cases filed in state court. Background. more…).

Equity

Remarks by Commissioner Uyeda at the Practicing Law Institute’s 55th Annual Institute on Securities Regulation

Harvard Corporate Governance

NOVEMBER 8, 2023

Securities and Exchange Commission, on Wednesday, November 8, 2023 Editor's Note: Mark T. Securities and Exchange Commission. The views expressed in the post are those of Commissioner Uyeda, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff. Posted by Mark T. Uyeda, U.S.

Securities and Derivative Litigation: Quarterly Update

Harvard Corporate Governance

DECEMBER 16, 2023

This post is based on a Dechert memorandum by Ms. Jacobsen, Mr. Steinberg, Ms. MacKay, Vince Montoya-Armanios , and Vishan J.

Developments in Securities Fraud Class Actions Against U.S. Life Sciences Companies

Harvard Corporate Governance

APRIL 16, 2022

In 2021, securities class action litigation on the whole remained at a steady high, and life sciences companies were, once again, popular targets of such lawsuits. [1] In 2021, securities class action litigation on the whole remained at a steady high, and life sciences companies were, once again, popular targets of such lawsuits. [1]

Remarks by Chair Gensler Before the Practising Law Institute’s 54th Annual Institute on Securities

Harvard Corporate Governance

NOVEMBER 3, 2022

Securities and Exchange Commission, on Thursday, November 3, 2022 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. The views expressed in this post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

Marketability

Steptoe & Johnson Adds Securities Duo In Oklahoma

Law 360 M&A

APRIL 22, 2024

Steptoe & Johnson PLLC has announced the hiring of two experienced securities attorneys from regional firm Conner & Winters LLP to its corporate and mergers and acquisitions practice in its Oklahoma City office.

Statement by Chair Gensler on Registration of Security-Based Swap Execution Facilities

Harvard Corporate Governance

APRIL 7, 2022

Securities and Exchange Commission, on Thursday, April 7, 2022 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. The views expressed in the post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff. Posted by Gary Gensler, U.S.

Banking

Banking Marketability

Trends in Forum Selection Provisions, Merger Objection Class Actions and SPACs Continue To Shape Securities Litigation

Harvard Corporate Governance

JANUARY 19, 2023

Key Points State courts are enforcing federal forum provisions for cases under the Securities Act, encouraging companies to amend their charters or bylaws to add these clauses. O’Brien III is Counsel at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. more…)

Strengthening national security through a more resilient supply chain

Mckinsey and Company

FEBRUARY 28, 2024

Recent disruptions in global supply chains have exposed national vulnerabilities—adopting an end-to-end approach to reinforce supply chain resilience can be vital to national security.

The future of European defense and security

Mckinsey and Company

FEBRUARY 15, 2024

A new compendium explores European defense and security in the current geopolitical context, with articles on talent, supply chains, innovation, and climate change.

Technology

Corporate Fraud and the Consequences of Securities Class Action Litigation

Harvard Corporate Governance

AUGUST 11, 2023

We evaluate the role of securities class action litigation as a corporate governance device and study the effect of class action litigation filings on the stock market performance of indicted firms and their peer companies.

Risk Premium

Risk Premium Corporate Finance Finance Marketability

Securities Law: Year in Review

Harvard Corporate Governance

FEBRUARY 19, 2024

Posted by Stephen Blake, Craig Waldman, and Jonathan Youngwood, Simpson Thacher & Bartlett LLP, on Monday, February 19, 2024 Editor's Note: Stephen Blake , Craig Waldman , and Jonathan Youngwood are Litigation Partners at Simpson Thacher & Bartlett LLP.

Ex-Paul Hastings Transaction Security Adviser Joins V&E

Law 360 M&A

APRIL 23, 2024

Vinson & Elkins LLP announced the hire of a former Paul Hastings LLP attorney with experience advising on national security laws related to foreign investment as a partner in Washington, D.C.

Use GenAI to secure your environment – without creating new risks

Avanade

DECEMBER 6, 2023

Avanade’s Data, AI and Security expert Sarah Rench discusses the conundrum of generative AI and if it complicates your security challenge or helps you to address it.

Gibson Dunn Offers Securities Litigation 2023 Year-End Update

Reynolds Holding

MARCH 13, 2024

This update provides an overview of the major developments in federal and state securities litigation since our 2023 Mid-Year Securities Litigation Update : FILING AND SETTLEMENT TRENDS Data from a recent NERA Economic Consulting (“NERA”) study illustrates several trend changes.

Technology

Technology Finance

Socially Acceptable Securities Fraud

Reynolds Holding

AUGUST 17, 2023

In the 90 years since the passage of the Securities Exchange Act, the number of ways market participants can publicly disseminate statements to investors has skyrocketed. I argue, though, that there are downsides to this development and that some level of socially acceptable securities fraud should be tolerated in an information society.

Alpha

Alpha Marketability

A new era for proactive security with Microsoft’s new Security Services

Avanade

MAY 18, 2022

We are proud to be a part of Microsoft’s mission to make clients more secure against cyberthreats, as part of its Microsoft Security Services for Enterprises offering.

Cisco's Cybersecurity Coup: Plans To Buy Cloud-Native Networking And Security Startup Isovalent

Benzinga

DECEMBER 21, 2023

an open source cloud native networking and security company. The acquisition of Isovalent will build on the Cisco Security Cloud vision, an AI-driven, cloud-delivered, integrated security platform for organizations of any shape and size. (NASDAQ: CSCO ) on Thursday said it plans to acquire privately held Isovalent, Inc.,

Equity

Equity Marketability

Climate change adaptation and security: Two sides of the same coin

Mckinsey and Company

FEBRUARY 28, 2024

Tom Middendorp, chair of the International Military Council on Climate and Security, discusses the link between climate change and security and the important role that the defense sector can play.

Hewlett Packard Enterprise Fortifies Network Security With Acquisition of Security Service Edge Provider Axis Security

Business Wire M&A

MARCH 2, 2023

HOUSTON--(BUSINESS WIRE)--Hewlett Packard Enterprise (NYSE: HPE) today announced that it entered into a definitive agreement to acquire Axis Security, a cloud security provider. Axis Security’s Security Services Edge (SSE) platform addresses the ne

Cyderes Completes Acquisition of Ipseity Security

Benzinga

APRIL 11, 2024

Toronto / London / Kansas City, April 11, 2024 (GLOBE NEWSWIRE) -- Robert Herjavec, CEO and founder of Cyderes (and executive producer of ABC's Emmy Award-winning hit show Shark Tank ), proudly announces the strategic acquisition of Ipseity Security, a leading Identity and Access Management (IAM) company. Their Identity, Cloud.

Technology

Required minimum distributions after SECURE 2.0

LaPorte

FEBRUARY 20, 2023

(authored by RSM US LLP) SECURE 2.0 The post Required minimum distributions after SECURE 2.0 changes the rules governing how and when certain retirement savers can withdraw money from their retirement accounts and IRAs. first appeared on LaPorte.

Employee Security Awareness Training Best Practices for FIs | Ncontracts

N Contracts

JANUARY 3, 2024

IT Risk: Best Practices for Employee Security Awareness Training at Your Financial Institution What comes to mind when you think about cyberattacks in banking? Shadowy figures penetrating a financial institution’s network in an elaborate scheme that involves an unmarked van?

Banking

Leveraging AI for your enterprise securely

Avanade

JUNE 19, 2023

Nikky van Dyk outlines three common challenges on the enterprise AI journey – from trials to implementation and operating or maintaining AI – and how to navigate them securely while still realising benefits.

How to Value a Security Alarm Company

Peak Business Valuation

NOVEMBER 18, 2023

Security alarm companies generally sell security alarm systems, locking devices, and fire alarms. In recent years, the security alarm industry has generated over $34 billion in revenue. This presents an opportunity for those looking to buy , grow , or sell a security alarm company. Schedule a Free Consultation!

Discounted Cash Flow

Discounted Cash Flow Business Valuation Appraisal Fair Market Value

Product security: Navigating regulations and customer expectations

Mckinsey and Company

SEPTEMBER 8, 2023

Following five success factors can help create a winning strategy for embedding security into the new-product life cycle.

Five Things Every Woman Should Know About Social Security – According to the Social Security Administration Publication No. 05-10044

Shuster & Co.

FEBRUARY 13, 2024

For more than 85 years, Social Security has helped secure today and tomorrow by providing benefits and financial protection for millions of people throughout their life’s journey. Here are the five most important things every woman should know about Social Security. a civil service or teacher’s pension).

Accounting Firms

Accounting Firms Business Valuation

The Most Curious Rule Proposal in Securities and Exchange Commission History

Harvard Corporate Governance

MAY 17, 2022

Borrowing money, securities, or other fund assets, or receiving an extension of credit, from a private fund”. more…).

Compliance

Compliance Equity

Palo Alto Networks Bolsters Security Portfolio with $625M Talon Cyber Security Acquisition

Benzinga

NOVEMBER 6, 2023

Palo Alto Networks, Inc (NASDAQ: PANW ) has agreed to acquire Talon Cyber Security, a pioneer of Enterprise Browser technology, for $625 million. Talon's Enterprise Browser provides a cutting-edge solution that, combined with Prisma SASE, will enable users to access business applications from any device securely.

Technology

The link between climate and national security

Mckinsey and Company

NOVEMBER 28, 2022

Former Netherlands chief of defense Tom Middendorp, the “climate general,” discusses efforts to decarbonize defense forces and the security risks that could be heightened by climate change.

Cisco agrees $28bn deal for cyber security group Splunk

Financial Times M&A

SEPTEMBER 21, 2023

US tech company seeks to propel next generation of AI-enabled online security

4 key considerations for a secure cloud migration

LaPorte

FEBRUARY 16, 2024

(authored by RSM US LLP) Expert data security guidance to help midsized firms plan cloud migration and modernization efforts that reduce risk and maximize value. The post 4 key considerations for a secure cloud migration first appeared on LaPorte.

ESG Securities Fraud

Cyber Governance: Growing Expectations for Information Security Oversight and Accountability

Trending Sources

Why Cryptoassets Are Not Securities

Remarks by Chair Gensler Before the 2023 Securities Enforcement Forum

Securities and Derivative Litigation: Quarterly Update

A History of Securities Law in the Supreme Court

Securities Law Precedents, Legal Liability, and Financial Reporting Quality

The Business of Securities Class Action Lawyering

The Valuation Treadmill: How Securities Fraud Threatens the Integrity of Public Companies

2022 Developments in U.S. Securities Fraud Class Actions Against Non-U.S. Issuers

Digital Asset Securities Regulation: A Petition for Rulemaking from Coinbase

Disgorgement Accounting After Liu v. SEC in Securities Enforcement Cases

California State Court Applies Discovery Stay in Securities Act Claim

Remarks by Commissioner Uyeda at the Practicing Law Institute’s 55th Annual Institute on Securities Regulation

Securities and Derivative Litigation: Quarterly Update

Developments in Securities Fraud Class Actions Against U.S. Life Sciences Companies

Remarks by Chair Gensler Before the Practising Law Institute’s 54th Annual Institute on Securities

Steptoe & Johnson Adds Securities Duo In Oklahoma

Statement by Chair Gensler on Registration of Security-Based Swap Execution Facilities

Trends in Forum Selection Provisions, Merger Objection Class Actions and SPACs Continue To Shape Securities Litigation

Strengthening national security through a more resilient supply chain

The future of European defense and security

Corporate Fraud and the Consequences of Securities Class Action Litigation

Securities Law: Year in Review

Ex-Paul Hastings Transaction Security Adviser Joins V&E

Use GenAI to secure your environment – without creating new risks

Gibson Dunn Offers Securities Litigation 2023 Year-End Update

Socially Acceptable Securities Fraud

A new era for proactive security with Microsoft’s new Security Services

Cisco's Cybersecurity Coup: Plans To Buy Cloud-Native Networking And Security Startup Isovalent

Climate change adaptation and security: Two sides of the same coin

Hewlett Packard Enterprise Fortifies Network Security With Acquisition of Security Service Edge Provider Axis Security

Cyderes Completes Acquisition of Ipseity Security

Required minimum distributions after SECURE 2.0

Employee Security Awareness Training Best Practices for FIs | Ncontracts

Leveraging AI for your enterprise securely

How to Value a Security Alarm Company

Product security: Navigating regulations and customer expectations

Five Things Every Woman Should Know About Social Security – According to the Social Security Administration Publication No. 05-10044

The Most Curious Rule Proposal in Securities and Exchange Commission History

Palo Alto Networks Bolsters Security Portfolio with $625M Talon Cyber Security Acquisition

The link between climate and national security

Cisco agrees $28bn deal for cyber security group Splunk

4 key considerations for a secure cloud migration

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