https://www.legislation.com/2023/01/17/remote-work-still-confounds-law-firm-leaders-the-morning-minute/
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January 17, 2023 at 06:00 AM
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D.C. CONFIDENTIAL – The SEC sued Covington & Burling final week, demanding it present identities of purchasers affected by a 2020 cyberattack. Regulators stated the sought-after info is essential to their investigation into doable securities violations ensuing from the assault. However white-collar legal professionals Law.com’s Justin Henry spoke to typically agreed that having to reveal shopper names at regulators’ whim can be detrimental to the attorney-client relationship. Whereas the affect of the subpoena stays to be seen, these accustomed to SEC litigation have been greatly surprised by the thought of the regulatory company concentrating on such a considerable authorized presence. “It’s an enormous step to change the main focus from the purchasers to the legislation companies,” stated one lawyer, who requested to stay nameless to have the ability to communicate freely.
ON THE RADAR – IBM and its prime officers have been hit with a securities class action Friday in New York Southern District Court docket. The go well with, introduced by the Rosen Regulation Agency and Evangelista Worley LLC, alleges that IBM insiders engaged in a multi-year fraud to shift revenues from its mainframe enterprise to strategic development areas. Counsel haven’t but appeared for the defendants. The case is 7:23-cv-00332, June E. Adams Irrevocable Belief Dated 7/21/14 Fbo Edward Robert Adams, individually and on behalf of all others equally located, v. Worldwide Enterprise Machines Company et al. Stay up on the newest offers and litigation with the brand new Law.com Radar.
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