April 8, 2024/USSEC On April 5, 2024, after an eight-day jury trial in the U.S. District Court for the Northern District of California, the Securities and Exchange Commission obtained a verdict in its favor in its case alleging insider trading in violation of the federal securities laws against defendant Matthew […]
Frauds & Scandals
SEC Obtains Final Judgment Against Volkswagen Financing Subsidiary in Connection With “Clean Diesel” Emissions Fraud
April 5, 2024/US SEC On April 3, 2024, the Securities and Exchange Commission obtained final judgment by consent against defendant Volkswagen Group of America Finance, LLC (“VWGOAF”), which the SEC had charged in 2019 with making false and misleading statements in connection with its 2014 and 2015 offerings of billions […]
SEC Charges Advisory Firm Senvest Management with Recordkeeping and Other Failures
April 4, 2024/US SEC The Securities and Exchange Commission today announced charges against registered investment adviser Senvest Management LLC for widespread and longstanding failures to maintain and preserve certain electronic communications. The SEC also charged Senvest with failing to enforce its code of ethics. To settle this matter, Senvest admitted […]
