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682 results found for "fraud"
- Main Street Investors Are The Target Of A $1.2 Billion Ponzi Scheme
(Fraudulent sales practices that target specific organizations or groups is referred to as Affinity Fraud
- SEC Enforcement News: Insider Trading and Internal Controls
The complaint charges Kendricks and Sonoiki with two counts of securities fraud and is seeking the return
- Securities Class Action Settlements “Dramatically” Decline In Value Finds Cornerstone Research
There were 81 court-approved securities fraud class action settlements in 2017, down slightly from 85
- Failure To Allege Theft Of Trade Secrets By Wrongful Means Dooms Claim For Relief
New York courts consider improper manner to include, among other things, physical violence, fraud or
- Plaintiff Fails To Submit Evidence Supporting The Return Of Funds In Money Had And Received Case
One victim of a fraudulent scheme should not be permitted to recover from another victim. The Court agreed with Oaks that “ oth parties were victims of Saparn’s fraud.” Both parties were victims of Saparn’s fraud.
- When Dissolution under BCL § 1104-a is Unavailable, Common Law Dissolution May Do the Trick
dissolution fall into two general categories: mistreatment of complaining shareholders ( e.g. , through fraud
- Retirees Lose $6 Million From Real Estate Investment Scheme
brokerage industry by the Financial Industry Regulatory Authority for multiple violations, including fraud “This is another case involving a fraudster trying to look the part of a wealthy financial advisor while
- The SEC Makes Good on Its Promise to Crack Down on Agreements and Policies That Impede Whistleblowers From Reporting Securities Fraud
Street Reform and Consumer Protection Act (the “Dodd-Frank Act” or the “Act”) to combat illegal and fraudulent The Act further empowers whistleblowers to report corporate fraud or illegal conduct by prohibiting retaliation promise to crack down on agreements and policies that impede whistleblowers from reporting securities fraud Rule21F-17 so that there are no contractual or policy impediments to blowing the whistle on securities fraud
- The Financial Choice Act And The Pushback On Fiduciary Duties
these requirements, the CHOICE Act 2.0 seeks to treat the ICA’s breach of fiduciary duty claim like a fraud Under the Federal Rules of Civil Procedure, fraud claims must be pled with particularity. Most states require the plaintiff to prove fraud with clear and convincing evidence, rather than a preponderance jurisdictions also apply the higher pleading standard to breach of fiduciary claims, in effect treating them as fraud
- Post Cyan, New York State Court Dismisses Action Under the Securities Act of 1933
Unlike a securities fraud, plaintiff proceeding under Section 10(b) of the 1934 Act, 15 U.S.C. § 78j( When such cautionary language is included, courts analyze “the allegedly fraudulent materials in their
- Another Faithless Servant Required to Forfeit Compensation
Jacobs , 2017 NY Slip Op. 50264(U), where he found the defendant, an art dealer, liable for fraud and breach of fiduciary duty and held that she not only had to account for the fraud, but also had to forfeit Schulhof filed a complaint against Jacobs asserting causes of action for breach of fiduciary duty, fraud In addition, the court found that the fraud occurred in the context of a fiduciary relationship, which
- Supreme Court Reinstates Lawsuit Against Banks Under The Implied Certification Theory
rates had it known that they were undercapitalized (itself a violation of Fed rules) as a result of the fraud constitute legally false claims under the FCA and that the relators had otherwise failed to allege their fraud Strauss , 274 F.3d 687 (2d Cir. 2001), the court held that even if the allegations concerning fraudulent accounting practices were true, the relators could not connect the fraud to any implied false claim