Recent insights
SEC Rejects Rule 10b5-1 Defense in Enforcement Action Against Cheetah Mobile Executives
On Sept. 21, 2022, the Securities and Exchange Commission (SEC) announced that it brought an enforcement action against two executives of Cheetah Mobile, …
Corporate Governance: 2022 Midyear Review
The first half of 2022 illuminated important trends in the corporate governance space. In recent months, there were notable developments in the …
The Supreme Court Will Review District Court Jurisdiction Over Constitutional Challenges to SEC ALJs | Fifth Circuit Holds SEC ALJ Proceedings Unconstitutional
This alert addresses proceedings in two SEC securities enforcement actions emanating out of the Fifth Circuit. Both pose issues relating to the …
Court Finds California Board Gender Diversity Statute Unconstitutional
On May 13, the Superior Court of California, County of Los Angeles, issued a verdict following a bench trial that effectively struck down SB 826, a …
9th Circuit Affirms Dismissal of Derivative Suit in Favor of Forum Selection Clause Designating Delaware Court of Chancery as Exclusive Forum for All Derivative Claims
As we have previously discussed (here), Lee v. Robert J. Fisher et al., Case No. 20 Civ. 6163 (N.D. Ca.), is one of a growing number of derivative …
The SEC’s Climate and ESG Task Force Charges Vale S.A. With Securities Fraud
On April 28, the Securities and Exchange Commission (SEC) filed a complaint against the Brazilian mining company Vale S.A., alleging that the company …
California Appellate Court Affirms Lower Court Decision Enforcing Federal Forum Selection Clause in Company’s Charter
As previously discussed in our Sept. 10, 2020, client alert, in Wong v. Restoration Robotics, Inc., Case No. 18-CIV-02609 (Cal. Super. Ct. Sept. 1, …
The Representative Actions Directive: Get set for a new wave of European class actions
SEC Proposes New Rules for SPAC IPOs and SPAC Business Combinations
On March 30, 2022, the Securities and Exchange Commission (SEC) published a proposal for new rules and amendments under the Securities Act of …
Court Concludes That California Board Diversity Statute Is Unconstitutional
On April 1, 2022, the Superior Court of California, County of Los Angeles, granted a summary judgment motion that effectively struck down AB 979, a …
Second Circuit Limits Criminal Restitution Orders Under the Mandatory Victims Restitution Act: Expenses Associated With SEC Investigations Are Not Recoverable
On Feb. 25, 2022, the U.S. Court of Appeals for the Second Circuit held in United States v. Afriyie that restitution orders under the Mandatory Victims …
FinCEN Warns of Russian Sanctions Evasion Attempts and Provides Guidance for Increased Vigilance
On March 7, 2022, the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department published guidance on increased vigilance for potential …
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Key contacts
Jason Betts
Partner, Head of Class Actions, Asia and Australia, Sydney
Alan Watts
Partner, Head of Class Actions, UK and EMEA, London
Damian Grave
Partner, Melbourne
Natasha Johnson
Partner, London
Harry Edwards
Partner, Melbourne
Kim Dietzel
Partner, London and Brussels
Ruth Overington
Partner, Melbourne