Insider-Trading Concerns over Privileged Access to Sensitive Data

Concerns are being raised about the potential for insider trading involving high-speed traders who make investments based on market- moving data. Recently New York Attorney General, Eric Schneiderman called on federal officials to take steps to prevent such insider trading, or what he calls “insider trading 2.0.” The concerns over high-frequency traders, who have access to soon-to-be released market-specific sensitive information, have been around for a while now, but it has been rare to see public officials voice these concerns. According…

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Judge Dismisses Netflix Shareholder Lawsuit

Shareholders of Netflix suffered a second disappointment recently when a judge refused to allow their shareholder lawsuit to proceed, because they had not fixed deficiencies that had been found in an earlier version of the lawsuit. Through the lawsuit, shareholders are trying to get the company to pay them damages for misleading them about the financial prospects of its streaming operations. However, a judge in San Francisco has dismissed the lawsuit again. The lawsuit had been led by the Arkansas Teacher Retirement…

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Conflict of Interest Concerns over Mary Jo White’s Appointment

In a major development that concerns California securities litigation lawyers and investors, the federal administration has nominated Mary Jo White as chairwoman of the Securities and Exchange Commission. There has been a lot of praise for this decision to nominate White, who has been famous for her tough approach to investor security. However, there are also some questions being raised about conflict of interest, especially concerning her past as a leading defense lawyer for some of these major corporations, as well…

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