LexisNexis® Legal Newsroom
Thomas Fox
UBS’s $2.3B Lesson for a Compliance Oversight Review Committee

In an article in the Wall Street Journal (WSJ), dated September 17, 2011, entitled " Rogue Trading Lasted 3 Years ", reporters Carrick Mollenkamp, Paul Sonne and Deborah Ball contributed to an article which detailed "an early picture"...

Kevin M. LaCroix
D&O Insurance: When Can Individuals' Fraudulent Misconduct be Imputed to the Insured Entity?

The typical D&O insurance policy precludes coverage for loss arising from fraudulent misconduct. But when an insured has been convicted of fraud, whose coverage is precluded? In the second case in recent days to address the consequences for the...

Lee Berlik
Arbitration Clause Not Enforceable if Procured by Fraud

Toyota Motor Sales, Inc., will not be able to take advantage of a mandatory arbitration clause in an online agreement with a Los Angeles woman because the agreement was obtained by fraud and is therefore entirely void, a California state appeals...

David N. Feldman
RMR Says BATS Likely to Require Seasoning; What About BX?

The latest issue of The Reverse Merger Report includes an unfortunate comment in its article on the BATS exchange, a new national securities exchange that is soon going to be taking on new listings. Its listing requirements are similar to Nasdaq. We...

Kevin M. LaCroix
BP Deepwater Horizon Derivative Suit Dismissed in Favor of English Forum

A wave of litigation followed in the wake of the April 2010 Deepwater Horizon oil spill. Among this litigation were several shareholder derivative suits filed against certain directors and officers of BP and of its U.S. subsidiary. At the time these...

David N. Feldman
SEC Provides Guidance on “Super” Forms 8-K

Earlier this week, the SEC's Division of Corporation Finance issued some guidance with the staff's observations in its reviews of "super" Forms 8-K filed following reverse mergers. As we know, in 2005 the SEC adopted a rule requiring...