Category Archives: Litigation

Does FOIA Foil the SEC’s Intent to Keep Investigations Confidential?

By | March 24, 2020

Courtesy of Braiden Coleman, Ken Merkley, Brian P. Miller, and Joseph Pacelli The Securities and Exchange Commission (SEC) has a long-standing policy to keep formal investigations confidential. In our recent article, we examine the extent to which compliance with the Freedom of Information Act (FOIA) provides investors with information about ongoing SEC investigations. We exploit… Read More »

Ripple Effects: How Ongoing Litigation Could Signal the Beginning of the End For the Payments Platform

By | February 5, 2020

Courtesy of Lindsay Martin Founded in 2012, Ripple sought to revolutionize global payments using blockchain technology and digital assets. Members of the Ripple network can quickly transfer funds to other members of the network in a secure, real-time settlement process. Ripple’s native currency is XRP, and members of the Ripple network can transfer XRP to… Read More »

A Tale of Two Agencies: The Travails of the CFPB and FHFA

By | January 9, 2020

Courtesy of Joseph A. Smith, Jr. The Federal Housing Finance Agency (FHFA) and Consumer Financial Protection Bureau (CFPB) were established to address distinct aspects of the Global Financial Crisis. The Home Ownership and Economic Recovery Act of 2008 (HERA)[1] created the FHFA to provide for enhanced and rigorous supervision of Fannie Mae and Freddie Mac.… Read More »

Spillover Effects in Securities Litigation

By | November 25, 2019

Courtesy of Dain Donelson, Rachel Flam, and Christopher Yust When a firm is sued, do its peers respond to the litigation by changing their own behavior? In our recent paper, we examine the spillover effect of securities litigation on industry peers. We focus on investor reactions and changes in peers’ disclosure and financial reporting. We… Read More »