Investigations, Enforcement, & Compliance Alerts
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August 1, 2024
|8 min read
Recent Insider Trading Conviction Demonstrates The Government’s Focus On Rule 10b5-1 Trading Plans
The U.S. Department of Justice recently succeeded in its prosecution of former Ontrak CEO Terren Peizer for insider trading, which involved the misuse of his 10b5-1 trading plan. This post provides an overview of the case’s background and outcome, and highlights key lessons that directors and officers of public companies should consider.
July 31, 2024
|less than 1 min read
With Chevron Decision, Regulated Financial Firms May Increase Challenges to Federal Agency Action
On June 28, the Supreme Court overruled the longstanding Chevron deference doctrine in Loper Bright Enterprises v. Raimondo. Now, courts must interpret ambiguous statutes independently—without being required to accept an agency’s “permissible” interpretation of an ambiguous statute.