The U.S. Securities and Exchange Commission will continue to oversee private fund advisers through examinations and enforcement efforts despite a federal appeals court striking down the agency rule regulating the space, securities lawyers said this week.  Last month, the U.S. Court of Appeals for the Fifth Circuit vacated the SEC’s…

Goodwin Procter Secures Defense Win in Chip Designers’ M&A Dispute | The Recorder Page Printed From: https://www.law.com/therecorder/2024/07/30/goodwin-procter-secures-defense-win-in-chip-designers-ma-dispute/ Goodwin Procter’s offices in San Francisco. Photo: Jason Doiy/ALM NEWS Silvaco’s dispute with Nangate arose from a stock purchase agreement signed by the two parties at the time of acquisition. July 30, 2024…

McKool Smith and co-counsel Keller Postman helped the Office of Attorney General of Texas secure a $1.4 billion settlement with Meta Platforms Inc. for alleged unauthorized personal data capture. Attorney General Ken Paxton said the settlement was the largest ever obtained by the office. It is also the largest privacy…

A $2 billion trade secrets verdict against Massachusetts-based software company Pegasystems was overturned Tuesday by a Virginia appellate court, which said errors at the jury trial merited returning the case for a new hearing. The decision by the Court of Appeals of Virginia reverses what had been the largest damages…

Two nonfungible token artists have filed a complaint against the U.S. Securities and Exchange Commission, asking a federal district court in New Orleans to clarify whether NFTs fall under the jurisdiction of Wall Street’s largest regulator as unregistered securities. David Patrón, a partner at the Am Law 200 firm Phelps Dunbar…

Companies are constantly under attack from hackers, as data breaches have become not a matter of if, but when a company will face them. One of the most recent breaches that affected millions of US customers occurred with AT&T in late March. That is when the ransomware group UNC5537 stole…