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From: Securities Law360 <newsgi3law360.com> To: Subject: Citing COVID-19, SEC Eases More Filing Requirements Date: Mon, 30 Mar 2020 07:19:42 +0000 tlaw360 Securities SECURITIES Monday, March 30, 2020 Follow Securities Law360 TOP NEWS V,Law360 Practice Groups of the Citing COVID-19, SEC Eases More Filing Requirements Year The U.S. Securities and Exchange Commission has further extended its guidance and relief to companies grappling with the fallout from the spread of the novel coronavirus, temporarily easing certain compliance requirements for corporations, municipal advisers and crowdfunded groups. Read full article » YRC Slips Investor Suit Alleging It Overcharged DOD YRC Worldwide escaped a proposed securities class action Friday after a New York federal judge found that the freight shipping company had no duty to disclose the government investigation that culminated in a civil suit over its allegedly fraudulent overbilling. Order attached I Read full article New Cases Intercept Beats Investor Suit Over Liver Disease Drug Deaths Intercept Pharmaceuticals Inc. on Thursday exited a proposed securities Securities (6) class action accusing it of covering up reports of fatalities and injuries caused by a liver disease drug, after a New York federal judge found the LAW FIRMS shareholders failed to prove the existence of those reports was "material." Abrams & Bayliss Order attached I Read full article » Adams & Reese Andrews & Springer NY Justices Take Up JP Morgan's $140M Coverage Battle Arias Sanguinetti New York's highest court on Thursday agreed to review a lower court's ruling Austin LLP that J.P. Morgan Securities Inc. is not entitled to insurance coverage for a Barnes & Thornburg $140 million chunk of a settlement that Bear Stearns paid to the U.S. Securities and Exchange Commission because that sum is an uninsurable Beatty & Wozniak penalty. Boies Schiller Order List attached I Read full article » Bond Schoeneck Clyde & Co Coronavirus Litigation: The Week In Review Covington & Burling Multiple public officials have been hit with lawsuits over their actions Debevoise & Plimpton surrounding the C0VID-19 pandemic, vendors are facing allegations of price- Dickinson Wright gouging, and a proposed class has accused China of hiding the dangers of the coronavirus outbreak and costing U.S. small businesses billions of Dorsey & Whitney dollars. Duane Morris Read full article » Epstein Becker Green Faruqi & Faruqi POLICY & REGULATION Fish & Richardson Fried Frank Bank Regulators Unveil 2-Year Delay For CECL Adopters EFTA00032901 Federal regulators said Friday that big banks can wait longer before phasing Friedman Oster in the regulatory capital effects of a new loan loss accounting standard and Gallagher & Associates Law Firm can choose to switch over early to an updated methodology for calculating Gallo Vitucci certain capital requirements, moves intended to buoy bank lending during the COVID-19 pandemic. Gibson Dunn 2 documents attached I Read full article » Glancy Prongay CIVIL ENFORCEMENT Goodwin Grabar Law SEC Wins $417K In Fraud Suit Over Fracking Investments Harrity & Harrity The U.S. Securities and Exchange Commission won final judgment and more Hill Ward Henderson than $417,000 in disgorgement and fines in Georgia federal court Friday in its Hogan Lovells suit alleging a Kentucky roofer bilked fracking investors out of $15 million in a securities fraud scheme. Husch Blackwell Order attached I Read full article » Jenner & Block Jones Day SEC Fines Texas Man $10K For Talking Up Penniless Funds K&L Gates The U.S. Securities and Exchange Commission filed and settled a civil Kaplan Fox complaint Thursday against a Texas man for allegedly lying to potential Kaufman Borgeest investors about two investment funds that never actually raised or invested Kelley Kronenberg any money. King & Spalding 2 documents attached I Read full article » Kirkland & Ellis WHITE COLLAR Klausner Kaufman Labaton Sucharow Ex-BigLaw Atty Can't Use Pandemic To Skirt Jail, Feds Say Landman Corsi Federal prosecutors said Friday that a former Locke Lord LLP attorney Latham & Watkins convicted of assisting a $400 million cryptocurrency scam can't use the Locke Lord COVID-19 crisis or any other excuse to be let out of jail before his Lowey Dannenberg sentencing. Letter attached I Read full article » Mayer Brown Miller Canfield DELAWARE Miller Friel Morgan Lewis Murex Co-Founder, Ex-Wife See Most Record Demands Denied Morris James A co-founder of oil and gas venture Murex Petroleum and his ex-wife lost Norton Rose most of their bid for company records on Friday, after a Delaware vice Pomerantz LLP chancellor found many of their separate demands ineligible, improper or sufficiently answered. Proskauer Rose Read full article » Reed Smith Richards Layton Brookfield Seeks Chancery Stay Or Toss Of Terraform Claims Robbins Geller Brookfield Asset Management asked Delaware's Chancery Court Thursday to Robins Kaplan stay a derivative suit and dismiss accompanying direct claims challenging a Rosen Law Firm PA $650 million private placement that boosted Brookfield's control of Terraform Power in 2018, saying a pending buy-up of remaining Terraform shares Saenz & Anderson should soon end the class' derivative standing. Sedgwick LLP Read full article » Selendy & Gay Sidley Austin INVESTOR ACTIONS Skadden Tarter Krinsky User Says Robinhood Is Trying To 'Wipe Out' Class Claims A Robinhood customer moved for a temporary restraining order in one of Wachtell Lipton several class actions filed against the online trading app after users Weil Gotshal experienced significant issues with account access across two trading days, Weitz & Luxenberg saying the company has sought to 'wipe out" the class' claims with a $75 Wilson Sonsini credit contingent on signing a release. Zimmerman Reed 2 documents attached I Read full article » COMPANIES EFTA00032902 Window Co. Investors' Suit Dismissed For Lacking Clarity Altman Weil Inc. Glass and window manufacturer Apogee Enterprises Inc. has escaped a Amazon.com Inc. proposed securities class action after a Minnesota federal court judge found American Bar Association that the facts pled in the suit show that Apogee and its executives shared American International Group Inc. adverse information as they discovered them, rather than hiding them, and that the suit lacked specifics. Apogee Enterprises Inc. Order attached I Read full article » Apple Inc. Berkeley Research Group Sterling Bank Hid Risk, Tanking Stock, Investors Say Brigham Young University A group of peeved investors hit Sterling Bancorp Inc. with a proposed class Brookfield Asset Management Inc. action in Michigan federal court Friday, claiming its Michigan-based Bryn Mawr Bank Corporation subsidiary Sterling Bank and Trust FSB misled investors and ignited a stock DocuSign Inc. drop that resulted in massive damages to their holdings. Complaint attached I Read full article » Dole Food Company Inc. Frito-Lay Inc. EXPERT ANALYSIS Intercept Pharmaceuticals Inc. Intercontinental Exchange Inc. COVID-19 Crisis Exposes Libor Replacement's Weaknesses JPMorgan Chase & Co. Fundamental differences in the way Libor and its pending replacement, the Liberty Mutual Insurance Group Secured Overnight Financing Rate, have tracked financial risk amid the Linkedln Corp. COVID-19 crisis suggest the transition between the two benchmarks will be challenging, says Jeffrey Armstrong at the Berkeley Research Group. Major Lindsey & Africa Read full article » McDonald's Corp. NASDAQ Inc. Delaware Dole Ruling Will Guide Allocation In D&O Policies Northwestern Memorial HealthCare In a dispute between Dole Food and certain excess insurers of a directors PepsiCo Inc. and officers insurance policy, the Delaware Supreme Court recently Planned Parenthood Federation interpreted an explicit allocation provision and articulated a rule that will instruct both insurers and insureds, say Brian Scarbrough and Huiyi Chen at Porsche Jenner & Block. Robinhood Markets Inc. Read full article » SIFMA SolarCity Corp. A Guide To Zealously Representing Clients During COVID-19 Spotify Technology SA The American Bar Association's Model Rules of Professional Conduct require Sterling Bancorp lawyers to be zealous advocates for clients' interests, but how do these rules apply in this unprecedented time of COVID-19? Anne Lockner at Robins Sterling Bank & Trust Kaplan offers some pointers. Sterling Financial Corp. Read full article » SunEdison LLC Tesla Inc. LEGAL INDUSTRY The Brattle Group Inc. The Hartford Financial Services Firms Plan On Summer Associates Despite Virus Uncertainty Group Inc. Amid the disruption caused by the COVID-19 pandemic, Boies Schiller The Travelers Companies Inc. Flexner LLP, Covington & Burling LLP and Fried Frank Harris Shriver & Twitter Inc. Jacobson LLP all say they plan to continue with their summer associate programs, though many of the law students hired for the programs might Visa Inc. wind up working remotely. Wal-Mart Stores Inc. Read full article » Wyndham Hotels and Resorts Inc. YRC Worldwide Inc. How Firms In Michigan Are Handling A Statewide Lockdown Zeughauser Group LLC Michigan is one of a handful of states that have now issued statewide executive orders requiring residents to stay at home amid the novel GOVERNMENT AGENCIES coronavirus pandemic. Here, large law firms with offices in the state share Bank of England how they made the transition to a remote workforce and how they're coping. Read full article » Delaware Court of Chancery Federal Bureau of Prisons Analysis Federal Deposit Insurance Corp. Agile But Vulnerable, Smaller Firms Fight To Weather Virus Federal Reserve Bank of New York EFTA00032903 Many midsize and smaller law firms have an edge over BigLaw when it Federal Reserve Bank of St. Louis comes to transitioning to remote work, but the longer-term potential impact Federal Reserve System on business development is weighing heavily on them. Food and Drug Administration Read full article » Analysis Illinois Gaming Board The Attys And Legal Logic Behind Stay-At-Home Orders Occupational Safety and Health The attorneys helping draft cities' and states' stay-at-home orders during the Administration coronavirus pandemic have been tiptoeing through a legal minefield, working Office of the Comptroller of the long hours to carve out the kind of work that should be considered "essential" Currency and to ensure local governments aren't overstepping their authority. Securities and Exchange Read full article » Commission U.S. Attorney's Office Q&A Coping With A Pandemic: Fish & Richardson's Betsy Flanagan U.S. Department of Defense As self-isolation and social distancing become the norm during the COVID-19 U.S. Department of Homeland pandemic, Law360 is sharing reactions from people around the business and Security legal community. Today's perspective comes from Betsy Flanagan, a Twin U.S. Department of Justice Cities-based principal in Fish & Richardson's life sciences litigation practice. U.S. Department of Labor Read full article » U.S. District Court for the District of Minnesota 3 Telework Tips For Solos And Small Firms Amid COVID-19 U.S. District Court for the Eastern Solo practitioners and small law firms facing disruptions from the coronavirus District of Michigan pandemic should keep these three simple tips in mind. U.S. District Court for the Middle Read full article » District of Florida Analysis U.S. District Court for the Northern District of New York Del. Chancery Is Uniquely Suited For Coronavirus Response Delaware's Chancery Court, known far and wide for its expertise handling U.S. District Court for the Northern complex corporate litigation, may be more well-positioned than other courts District of Texas to handle complications related to the novel coronavirus pandemic, legal U.S. District Court for the Southern experts and litigators say. District of Florida Read full article » U.S. District Court for the Southern District of New York Legal Counsel Official For DC Mayor Dies From COVID-19 U.S. Supreme Court An official who worked in the legal counsel office for Washington, D.C., Mayor United States District Court for the Muriel Bowser has died from COVID-19, the mayor's office announced on Southern District of Georgia Friday. Wage and Hour Division Read full article » World Health Organization Kelley Kronenberg Accused Of Shorting Italian Atty's Pay Kelley Kronenberg PA stiffed an Italian attorney on tens of thousands of dollars in pay after messing up his work visa and not paying him for the work he performed while in Italy, the lawyer contended Friday in Florida federal court. Read full article » GC Cheat Sheet: The Hottest Corporate News Of The Week The general counsel of a video gambling giant will give up his pay to soften the blow for his company during the ongoing pandemic, and the U.S. Securities and Exchange Commission has offered a road map for COVID-19 risk disclosures. These are some of the stories in corporate legal news you may have missed in the past week. Read full article » In Case You Missed It: Hottest Firms And Stories On Law360 For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week. Read full article » Podcast EFTA00032904 Stuck In Quarantine? Listen To These Law360 Podcasts If you're stuck social distancing, Law360's Pro Say podcast has nearly 150 episodes for you to enjoy. Don't know where to start? Here are five curated Pro Say playlists, including our yearly Supreme Court recaps, the sudden collapse of BigLaw giants, the best in legal movies and much more. Read full article » JOBS Search full listings or advertise your job opening NYC ELITE FULL SERVICE SMALL FIRM litigation partner Elite full service Mid- SEEKS PARTNERS sized NY LF seeks litigation partner Schoen Legal Search Schoen Legal Search New York, New York New York, New York Mid-sized firm seeks TWO outstanding corp attys Schoen Legal Search NYC, New York Not suit if your firm subscribes? Ask your librarian. We hope you found this message to be useful. However. if you'd rather not receive future emails of this sort, you may unsubscribe here. Please DO NOT reply to this email. 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