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Is Cryptocurrency Enforcement Dead? SEC Dismisses Another Crypto Action
The U.S. Securities and Exchange Commission filed a joint stipulation on May 29 with Binance, its related entities and its founder, Changpeng Zhao, to dismiss, with prejudice, the commission’s ongoing civil enforcement action against them.
Emily Kapur, co-chair of Quinn Emanuel Urquhart & Sullivan’s blockchain and digital asset litigation, and her partners, Bill Burck and Avi Perry, who are the lead attorneys for Zhao, said they are delighted that the SEC has dismissed its enforcement action against their client.
“This case never should have been brought,” the litigators said in an email. “We appreciate CZ’s trust in us and in the justice system, and we will continue to fight back against legal overreach in all its forms.”
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.