LexisNexis® Legal Newsroom
Jordan D. Maglich
North Carolina Man Sentenced to Fifty Years in Prison for $40 Million Ponzi Scheme

A federal judge sentenced a North Carolina man to fifty years in prison for what prosecutors called "the worst financial crime in this district in memory." Keith Simmons, 47, received the sentence after being convicted of one count of securities...

Morrison and Foerster LLP
Systemically Important Nonbank Financial Institutions: FSOC Approves Final Rule

On April 11, 2012, the Financial Stability Oversight Council (the "Council") gave more shape to the framework of systemic risk regulation by publishing a final rule (the "Rule") that sets forth the process for the designation of nonbank...

Kevin M. LaCroix
Crowdfunding: Who Will (and Who Won't) Be Doing It

Among the features of the recently enacted JOBS Act that has attracted the most attention are the legislation's provisions for "crowdfunding." Under these provisions, a company is permitted to raise up to $1 million during any 12-month...

Corporate and Securities Law Community Staff
David Lynn and Anna Pinedo Discuss the JOBS Act and Emerging Growth Companies

On this edition, David Lynn and Anna Pinedo of Morrison & Foerster discuss the benefits available to Emerging Growth Companies under the JOBS Act. They review the significance of the ability to submit IPO registration statements confidentially, and...

Kevin M. LaCroix
The FDIC's Failed Bank Litigation, So Far

The number of bank failures has been winding down for a while now, but at same time the FDIC's failed bank litigation has been ramping up. Through April 20, 2012, the FDIC has filed a total of 29 lawsuits against former directors and officers of...

Corporate and Securities Law Community Staff
Crowdfunding Under the JOBS Act: The Bottom Line Impact on Private Equity Issuers and Market Intermediaries

by Jonathan B. Wilson and Dianne L. Trenholm Excerpt: On April 5, 2012, President Obama signed the Jumpstart Our Business Startups Act (the "JOBS Act"), H.R. 3606, into law calling it "a potential game-changer" for startup...