Heading background

Faruqi Law Blog

Latest on Facebook

Page 4 of 52

SEC Guidance On Cybersecurity For Public Companies

April 4th, 2018

On February 21, 2018, the United States Securities and Exchange Commission (“SEC”) issued guidance regarding cybersecurity-related procedures and disclosures for public companies (the “2018 Release”).  The 2018 Release reinforces and expands guidance that the SEC provided in 2011.  Additionally, the 2018 Release addresses two topics that were not developed in the 2011 guidance,...

Read full post

Spotify’s IPO

April 4th, 2018

Spotify, the popular music streaming service, has gone public. On April 3, 2018, Spotify opened at $165.90 per share, which valued the company at $29.5 billion. This exceeded industry expectations, as early estimates valued the company at $20 billion.  While this particular IPO is attracting media attention due to Spotify’s ubiquity, investors should know two things about the IPO before...

Read full post

Faruqi & Faruqi Settles Lidoderm Antitrust Litigation For $166 Million

March 23rd, 2018

Faruqi & Faruqi’s Peter Kohn was at the helm for direct purchasers during the lengthy and complex “pay for delay” antitrust case known as the Lidoderm Antitrust Litigation, pending in the United States District Court for the Northern District of California.  The case resulted in a proposed settlement amounting to $166 million for the direct purchaser class, and generated several...

Read full post

Second Circuit Confirms More Lenient Standard for Punitive Damages Under the New York City Human Rights Law

March 20th, 2018

The Second Circuit Court of Appeals, the highest federal court in New York, held in Chauca v. Abraham that an employee may recover punitive damages against an employer under the New York City Human Rights Law (“NYCHRL”) by showing merely that the employer acted with “with willful or wanton negligence” in discriminating against the employee. Conversely, Title VII of the Civil Rights Act...

Read full post

SEC Charges Silicon Valley “Unicorn” with Investor Fraud

March 15th, 2018

The United States Securities and Exchange Commission (“SEC”) announced today, Wednesday, March 14, 2018, that it charged private company Theranos, Inc., its CEO Elizabeth Holmes, and its former President Ramesh “Sunny” Balwani with massive investor fraud.  Theranos, once a Silicon Valley “unicorn” valued at $9 billion, promised to make blood-testing easy and near-painless by using...

Read full post

Page 4 of 52
Logo Twitter Facebook LinkedIn Google+