Legal

Legal

Florida Sues to Lift Ban on U.S. Cruise Sailings

“We don’t believe the federal government has the right to mothball a major industry for over a year, based on very little evidence and very little data."

Matthew Heller
April 9, 2021
Cybersecurity

Cyber Breach Disclosures Still Take More Than a Month

At the median, public companies took 37 days last year to disclose a breach, the longest period recorded since 2016, says Audit Analytics.
Auditing

CPA Charged With Violating Auditing Rules

Christopher Knauth allegedly performed an audit of a public company even though his firm was not registered with the PCAOB.
Fraud

uBiome Founders Charged With $60 Million Fraud

The SEC says Jessica Richman and Zachary Apte misrepresented that their biotech startup was generating reliable revenue from insurance reimbursements.
Fraud

Seven Accused of $45M Pump-and-Dump Fraud

Kelly Kabilafkas allegedly orchestrated a fraud that culminated in him and his associates dumping shares in Airborne Wireless Network.
Tax

Tech Groups Sue Maryland Over Online Ad Tax

The tax on the revenue from digital advertising services provided in Maryland is an "extraordinarily severe form of exaction," the suit says.
Hiring

McDonald’s Sets Goals to Expand Diversity Among Senior Leadership

The new emphasis on diversity comes as McDonald’s faces a public relations dilemma with a lawsuit by Herb Washington, a former Oakland A’s player.
Legal

AT&T Charged With Improper Calls to Analysts

The SEC says three IR executives selectively disclosed market-moving information to analysts to avert a third straight quarterly earnings miss.
Fraud

Coinseed Accused of Illegal Digital Token Sales

The crypto platform allegedly sold tokens without registering the offerings and misrepresented the financial services experience of its former CFO.
Legal

SEC Sues Morningstar Over CMBS Ratings

The firm allegedly made undisclosed changes to its ratings model that allowed issuers to shortchange investors on interest.
Legal

Robinhood Faces Lawsuits Ahead of 2021 IPO

A user's suicide and the app's temporary restrictions on trading GameStop shares have generated numerous lawsuits.
Legal

Former WageWorks CFO, CEO Settle Accounting Case

Ex-CEO Joseph Jackson and ex-CFO Colm Callan allegedly made false statements that resulted in the improper recognition of $3.6 million in revenue.
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