At least nine large law firms drew work from the Securities and Exchange Commission’s latest enforcement action this week against 26 broker-dealers, corporate insiders and others for widespread recordkeeping failures. Davis Polk & Wardwell; Sidley Austin; Foley & Lardner; Milbank; Wilmer Cutler Pickering Hale and Dorr; King & Spalding; K&L…

Baker McKenzie has hired three lawyers, including a director and senior associate from A&O Shearman, to strengthen its dispute practice in South Africa. Director Michelle Porter-Wright and senior associate Rebecca Thomson join as partners on September 9, according to Baker McKenzie. Also starting on the team in September is Tiffany…

Australia’s financial regulator is suing the Australian Securities Exchange Ltd, alleging that ASX made misleading statements about the progress of its project to replace its clearing and settlement system. In documents filed in the Federal Court of Australia this week, the Australian Securities and Investments Commission (ASIC) claims the ASX…

The O’Hanlon, Demerath & Castillo law firm is recruiting Texas school districts to participate in an evidentiary hearing for a permanent injunction barring release of AI-graded student test scores. Plaintiff attorney for five school districts, David Jay Campbell of O’Hanlon Demerath, successfully argued before Travis County 250th District Court Judge Karin…

A federal judge in Pennsylvania granted Crothall Healthcare’s motion to compel arbitration in a sex discrimination suit filed by a former employee, concluding the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act of 2021 was inapplicable to the dispute as the claims accrued prior to the law’s enactment. In…

A jury in Atlantic County, New Jersey, returned a $37 million medical malpractice verdict in a suit claiming a child was born with cerebral palsy because of the negligent administration of the drug Pitocin to his mother during childbirth. Jurors sided with the disabled plaintiff and his mother after an attack…