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A 2016 mapping of 41 countries’ corporate liability systems shows wide variations in approaches to liability, and that corporate liability is a dynamic area of legal innovation and evolution. [ 1 ] The term legal person refers to a business entity (often a corporation, but possibly other legal entities, as specified by law) that has both ...
SEC Rule 10b-5, codified at 17 CFR 240.10b-5, is one of the most important rules targeting securities fraud in the United States. It was promulgated by the U.S. Securities and Exchange Commission (SEC), pursuant to its authority granted under § 10(b) of the Securities Exchange Act of 1934. [1]
Case history; Prior: Judgments entered in favor of the plaintiffs upheld, Reynolds v.United States, 192 F.2d 987 (3d Cir. 1951); cert. granted, 343 U.S. 918 (1952).: Holding; In this case, there was a valid claim of privilege under Rule 34; and a judgment based under Rule 37 on refusal to produce the documents subjected the United States to liability to which Congress did not consent by the ...
A Bangkok -based plastics firm has agreed to pay $20 million to settle with the U.S. over 467 “egregious” violations of Iran sanctions, the U.S. Treasury announced on Friday. SCG Plastics Co ...
The Office of Foreign Assets Control determined the violations were egregious, demonstrating “reckless disregard for U.S. sanctions requirements,” and Wells Fargo “failed to exercise a ...
The Private Securities Litigation Reform Act of 1995, Pub. L. 104–67 (text), 109 Stat. 737 (codified as amended in scattered sections of 15 U.S.C.) ("PSLRA") implemented several substantive changes in the United States that have affected certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation, and awards fees ...
In September 2012, the SEC charged Goldman, Sachs & Co. and one of its former investment bankers, Neil Morrison, with violations of various MSRB rules for undisclosed "in-kind" non-cash campaign contributions to then-Massachusetts State Treasurer Timothy P. Cahill while he was a candidate for governor. [106] [107]
(Reuters) -U.S. lender JPMorgan Chase agreed on Friday to drop its lawsuit against Tesla that accused the electric vehicle maker of "flagrantly" breaching a contract between the two companies in ...