Feb 9, 2021 | SEC Investigations
In a press release on February 4, 2021, the Securities and Exchange Commission (“SEC”) announced that it was bringing charges against three individuals and their affiliated entities in connection with a Ponzi scheme involving $1.7 billion in funds. The SEC alleges...
Feb 9, 2021 | False Claims Act
On November 6, 2020, U.S. District Judge Lucy H. Koh granted defendants’ motions to dismiss a False Claims Act (“FCA”) lawsuit based, in part, on the public disclosure bar, holding that the information available and acquired through a Freedom of Information Act...
Feb 4, 2021 | False Claims Act
On January 7, 2021, President Biden announced that Merrick Garland would be his nominee to serve as Attorney General. As the Senate inches closer to confirmation hearings, many are scrutinizing Garland’s past record as a prosecutor and judge to determine what...
Feb 4, 2021 | SEC Investigations
Over the past few weeks, the internet has been awash with news of a wild rise in the stock prices of publicly traded companies, most notably GameStop and AMC Theaters. Given the impact of the COVID-19 pandemic on the market for securities, one might suspect that this...
Feb 4, 2021 | White Collar Crime
In separate press releases on January 28, 2021, the U.S. Department of Justice (“DOJ”) announced charges against seven individuals involved in two schemes to fraudulently obtain COVID-19 relief funds provided by the CARES Act. Under the CARES Act, emergency financial...
