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Securities Law

Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Lead plaintiffs in a securities class action lawsuit against Fannie Mae and accounting firm KPMG LLP on May 7 asked a federal judge to approve a $ 153 million settlement that would end the lawsuit, which was brought in 2004 (In re: Fannie Mae Securities Litigation, No. 04-01639, […]

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TweetPublicly traded companies may be forced to reconsider their social media business practices or face penalties from the Securities and Exchange Commission. Netflix recently announced that it received a Wells Notice from the agency in connection with a social media post made by its CEO, Reed Hastings. The offending post stated: Congrats to Ted Sarandos, […]

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