Federal regulators will focus more resources on special purpose acquisition companies seeking to go public because the increased frequency of so-called de-SPACing could lead to a jump in improper accounting, financial misstatements and even fraud. That’s according to Rebecca Fike, who spent the past 10 years at the SEC’s Fort Worth Regional Office prosecuting violators of accounting and financial fraud, who said cryptocurrency, corporate governance and de-SPACing are “ripe for potential securities issues” to be investigated by the federal agency.
More Stories
A Special Deal Too Good to Be True. And Was.
From the Texas Supreme Court: A client supposedly in Europe wants help with a debt collection and contacts a Houston lawyer by email, promising a $10,000 retainer. A bad scenario got worse. More than $380,000 wired by the lawyer to Japan: Gone. Plus: Two more cases from the SCOTX docket: SandRidge Energy Inc. v. Barfield and Baby Dolls Topless Saloons Inc. v. Gilbert Sotero.
Review: Business and Commercial Litigation in Federal Courts, Fifth Edition
The fifth edition has 26 entirely new chapters covering topics on no one’s radar screen four years ago but likely to be the subjects of the highest stakes litigation in the years to come.
Yetter Coleman Nabs Partner from Kirkland
Houston litigation boutique Yetter Coleman announced Tuesday that it has hired a complex commercial litigator from Kirkland. The new partner also has significant restructuring trial experience.
SEC Issues Draft Climate Change Disclosure Requirements — Updated
The biggest impact, according to legal experts, will be to corporations in the energy industry and those with a significant amount of greenhouse emissions. Experts from V&E, Winstead, Porter Hedges, Winston & Strawn, Bradley and Sidley share their insight and analysis on the new proposed rules.
Chris Pace Joins Winston & Strawn’s Dallas Litigation Practice from Jones Day in Miami
Pace, who clerked for U.S. Supreme Court Justice Anthony M. Kennedy and Judge Alex Kozinski of the U.S. Court of Appeals for the Ninth Circuit, is a former assistant U.S. attorney for the Southern District of Florida.
Houston Chronicle: SEC to Release New Climate Disclosure Rules
The SEC is expected to create a standardized reporting protocol to provide investors with a clear picture of different industries’ emissions and their progress in adapting their business to a warming planet, according to observers closely tracking the process.
Michael Piazza, Advisor for the Oaks, Jumps to Gibson Dunn
For the second time in less than a week, a top corporate partner in Willkie Farr’s Houston office is joining a competitor.
Veteran Deal Lawyer Bruce Herzog Heads to Latham
Herzog, who has been 32 years in the private equity trenches, was a partner at Vinson & Elkins before joining Willkie Farr & Gallagher in 2008.
On Rising Interest Rates: ‘Drivers of Deals are Still Present’
The Texas Lawbook asked a half dozen lawyers how the Fed’s move to raise interest rates Wednesday will impact M&A and the capital markets in Texas.