2019年3月28日星期四

Fwd: Center for Translation Studies Author/Translator Event


 

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Fwd: Latest Case: Lorenzo v. Securities and Exchange Commission (Securities Law)



Justia Daily Opinion Summaries

US Supreme Court
March 28, 2019

Table of Contents

Lorenzo v. Securities and Exchange Commission

Securities Law

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US Supreme Court Opinions

Lorenzo v. Securities and Exchange Commission

Docket: 17-1077

Opinion Date: March 27, 2019

Judge: Stephen G. Breyer

Areas of Law: Securities Law

SEC Rule 10b–5 makes it unlawful to (a) "employ any device, scheme, or artifice to defraud," (b) "make any untrue statement of a material fact," or (c) "engage in any act, practice, or course of business" that "operates . . . as a fraud or deceit" in connection with the purchase or sale of securities. The Supreme Court has held that to be a "maker" of a statement under subsection (b), one must have "ultimate authority over the statement, including its content and whether and how to communicate it." Lorenzo, a brokerage firm's director of investment banking, sent e-mails to prospective investors. The content, supplied by Lorenzo's boss, described a potential investment in a company with "confirmed assets" of $10 million. Lorenzo knew that the company had recently disclosed that its total assets were worth less than $400,000. The SEC found that Lorenzo had violated Rule 10b–5, 17 CFR 240.10b–5; section 10(b) of the Exchange Act, 15 U.S.C. 78j(b); and section 17(a)(1) of the Securities Act, 15 U.S.C. 77q(a)(1). The Supreme Court affirmed the D.C. Circuit in holding that Lorenzo could not be held liable as a "maker" under Rule 10b-5(b) but affirmed with respect to subsections (a) and (c) and statutory sections 10(b) and 17(a)(1). Dissemination of false or misleading statements with intent to defraud can fall within the scope of Rules 10b–5(a) and (c), and the statutory provisions, even if the disseminator did not "make" the statements under Rule 10b–5(b). By sending e-mails he understood to contain material untruths, Lorenzo "employ[ed]" a "device," "scheme," and "artifice to defraud" under subsection (a) and section 17(a)(1); he "engage[d] in a[n] act, practice, or course of business" that "operate[d] . . . as a fraud or deceit" under subsection (c). There is considerable overlap among the Rule's subsections and related statutory provisions. The "plainly fraudulent behavior" at issue might otherwise fall outside the Rule's scope. The Court rejected Lorenzo's claim that imposing primary liability upon his conduct would erase or weaken the distinction between primary and secondary liability under the statute's "aiding and abetting" provision.

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Fwd: Will we see you at AWP? Come Say Hi!


It's AWP Week! This year's conference is taking place in our backyard, and we couldn't be more excited. Stop by and visit us at booth 1056. There are so many excellent panels this year, and we've curated a list of a few each day that you should definitely check out. Take a peek below!

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Just a few days left to enter our anthology, a collection of ten stories and essays written by the best emerging authors. The ten winners are nationally distributed in a printed book with their stories and essays exposed to top agents, editors, and authors across the country. We are thrilled to have guest judge, Kate Bernheimer, selecting the ten stories that will make up Anthology VIII. Send us your best work by March 31!



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2019年3月25日星期一

Fwd: March 28 public meeting preliminary agenda now available


The Preliminary Agenda is now available for the Internet Policy Task Force's upcoming public meeting.

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Copyright Alert

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Preliminary agenda now available for the Developing the Digital Marketplace for Copyrighted Works public meeting

On March 28, the Department of Commerce's Internet Policy Task Force will host the third public meeting on Developing the Digital Marketplace for Copyrighted Works at the USPTO headquarters in Alexandria, Virginia.

Experts will discuss how developing technologies are changing the digital marketplace; provide updates to important standards initiatives; and share perspectives on developments in music, news, visual arts, movies, and other industries. The U.S. Copyright Office will give an overview of its modernization efforts, and companies will share how innovative solutions are shaping digital marketplace developments. The preliminary event agenda can be found here. This event will be webcast, however we encourage participants to attend in person.

To register to attend in person or online, please visit the USPTO's event page

 
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Fw: Global Impact Visa (GIVs): Applications closing soon

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Fw: Mergers & Acquisitions: Friday, March 22, 2019

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> Contact us | Subscribe | Send to a Friend
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> Insurance Mergers & Moves
>
> --------------------------
>
>  
>
> March 22, 2019
>
>  
>
>  
>
>  
>
> ### Business Moves & Mergers of Special Note
>
>  
>
> #### The Strategy Behind Hamilton Insurance's Move to Buy Pembroke, Ironshore Europe
>
> Mar 15, 2019 -- Strategy plus some remarkably good timing helped lead to Hamilton Insurance Group's first acquisition deal under the leadership of CEO...
>
>  
>
> #### Italy's Generali to Seek Acquisitions in Europe, Asia and U.S., Says CEO Donnet
>
> Mar 15, 2019 -- Italy's top insurer Generali said it was ready to look around for growth opportunities in Europe, Asia and the U.S. on Thursday and said...
>
>  
>
> #### Arthur J. Gallagher & Co. Acquires Connecticut's Merit Insurance
>
> Mar 11, 2019 -- Arthur J. Gallagher & Co. has acquired Shelton, Conn.-based Merit Insurance Inc. Founded in 1950, Merit Insurance is a retail...
>
>  
>
>  
>
>  
>
> ### Business Moves & Mergers
>
>  
>
> #### Swiss Re-Backed FWD in Talks for Biggest-Ever Southeast Asian Insurance Deal
>
> Mar 22, 2019 -- FWD Group, backed by billionaire Richard Li, has revived talks about a potential acquisition of the life insurance operations of...
>
>  
>
> #### Liberty Mutual Opens European Headquarters in Luxembourg in Preparation for Brexit
>
> Mar 21, 2019 -- Liberty Specialty Markets, part of Liberty Mutual Insurance Group, said it has re-domiciled its European insurance company Liberty Mutual...
>
>  
>
> #### BNP Paribas' Insurance Unit Cuts Exposure to Coal on Climate Change Concerns
>
> Mar 19, 2019 -- The Cardif insurance division of BNP Paribas, France's largest bank, on Monday outlined new targets to reduce its exposure to coal as...
>
>  
>
> #### U.S. Fintech Firm to Buy Worldpay for $35B in Biggest Ever Digital Payments Deal
>
> Mar 18, 2019 -- Fidelity National Information Services Inc. (FIS) agreed to buy Worldpay for about $35 billion on Monday, with the U.S. financial...
>
>  
>
> #### Allianz Explores Deal with Deutsche Bank's Asset Management Arm: Sources
>
> Mar 18, 2019 -- Allianz SE is exploring the possibility of a combination of its asset management arm with Deutsche Bank AG's DWS Group to create a...
>
>  
>
> #### TriSure Corp. of North Carolina Acquired by Alera Group
>
> Mar 18, 2019 -- TriSure Corporation has been acquired by Alera Group, a national insurance firm, effective March 1, 2019. Terms of the transaction were...
>
>  
>
> #### SPG Acquires Assets of Insurance Programs of America, Risk Advisors of America of Florida
>
> Mar 15, 2019 -- Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of...
>
>  
>
> #### Risk Strategies Acquires New York City's Krauter & Company
>
> Mar 14, 2019 -- Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Krauter & Company LLC, a...
>
>  
>
> #### Hamilton to Buy Pembroke Managing Agency, Ironshore Europe DAC from Liberty Mutual
>
> Mar 14, 2019 -- Hamilton Insurance Group Ltd., the Bermuda-based holding company of re/insurance operations in Bermuda and at Lloyd's, announced it has...
>
>  
>
> #### Arthur J. Gallagher Acquires First Iowa Insurance Agency
>
> Mar 13, 2019 -- Arthur J. Gallagher & Co. has acquired Cedar Rapids, Iowa-based Hammerberg Insurance Services Inc., dba First Iowa Insurance Agency...
>
>  
>
> #### The Hilb Group Acquires Massachusetts' Marsh-Kemp Insurance Agency
>
> Mar 13, 2019 -- The Hilb Group LLC (THG) has acquired Massachusetts-based Marsh-Kemp Insurance Agency Inc. (MK). The transaction became effective March...
>
>  
>
> #### RenaissanceRe Gets Regulatory Nod to Proceed with Tokio Millennium Re Purchase
>
> Mar 13, 2019 -- RenaissanceRe Holdings Ltd. announced it has received all regulatory approvals required in connection with its planned acquisition of...
>
>  
>
> #### Towne Insurance Acquires Virginia's Straus, Itzkowitz & LeCompte Insurance
>
> Mar 12, 2019 -- Towne Insurance, a wholly-owned subsidiary of TowneBank, has acquired Straus, Itzkowitz & LeCompte Insurance, a full-service,...
>
>  
>
> #### Hub International Limited Acquires The Insurance Exchange in Maryland
>
> Mar 11, 2019 -- Hub International Limited has acquired The Insurance Exchange Inc. Based in Rockville, Md., The Insurance Exchange is an independent...
>
>  
>
> #### China Re Launches Renewable Energy Consortium for Offshore Wind Farms in China
>
> Mar 11, 2019 -- China Re Corp. announced the launch of a renewable energy consortium at Lloyd's, focused on project specific reinsurance for the...
>
>  
>
> #### Brazil's Caixa Aims to Raise $3.9B via Listings of Units, Including Its Insurer: Report
>
> Mar 11, 2019 -- State-owned Brazilian bank Caixa Economica Federal is hoping to raise 15 billion reais ($3.88 billion) through the listing of four of its...
>
>  
>
> #### H.W. Kaufman, Burns & Wilcox Canada Buy TRU Transportation Risk Underwriters
>
> Mar 8, 2019 -- H.W. Kaufman Group and Burns & Wilcox Canada announced they have acquired Toronto-based TRU Transportation Risk Underwriters Ltd....
>
>  
>
> #### Pool Re Funds £10M Initiative to Help UK Businesses Improve Resilience to Terrorism
>
> Mar 8, 2019 -- Pool Re, Britain's terrorism reinsurer, is collaborating with UK government agencies to help businesses proactively protect against the...
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