Free Speech, Due Process and Trial by Jury
In lieu of closing arguments, the company and the U.S. government agreed to file post-trial briefs with Chief Judge David C. Godbey of the Northern District of Texas, who presided over the weeklong tax dispute trial stemming from ExxonMobil’s natural-gas mining venture with Qatar.
Until last week, federal circuit courts were split on whether so-called “pure omissions” could support securities fraud claims under Securities Exchange Act Rule 10b-5(b). For those not fluent in the application and enforcement of Rule 10b-5(b), its text does not exactly roll off the tongue and its concepts can be tricky to apply in practice.
In a bench trial before Chief Judge David C. Godbey of the Northern District of Texas, the oil giant claims the government erred by rejecting, for tax purposes, its “partnership” with the government of Qatar in a huge natural gas project.
Most of the proposed rules on the State Bar of Texas rules vote ballot are similar to American Bar Association rules and modernize Texas laws, an expert said. The voting period closes April 30.
“I make no excuse for my actions,” Connie Jo Clampitt of Dallas, one of four people to plead guilty in the healthcare fraud case, tells U.S. District Judge Brantley Starr.
In this Q&A with The Lawbook, Mallett discusses her time at the SEC, the challenges facing the SEC’s Fort Worth Regional Office, the SEC’s expansion of its whistleblower program and the impact on Texas businesses, and other SEC enforcement trends that impact companies and those in the financial investment world.
According to an SEC order, employees of Senvest Management, which oversees $3 billion in assets, repeatedly discussed company business in personal texts and other “off-channel” platforms in violation of federal securities laws.
A veteran enforcement lawyer with the U.S. Securities and Exchange Commission has joined Kirkland & Ellis’s Dallas office as a partner.
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