Securities Law News

Latest Stories

KPMG’s Mystery Inspection Flaw Tied to Auditing Income Taxes

The US accounting oversight board issued a complete version of KPMG LLP’s 2022 inspections review on Friday that detailed an extra audit with a single deficiency tied to income tax accounting.

By Amanda Iacone

World Bank, IMF Aren’t on Hook for Taliban Assets, Court Says

A Washington federal appeals court won’t let victims of a terrorist attack in Afghanistan go after the World Bank and International Monetary Fund to recoup Taliban assets.

Muni Regulator Flags Risks of Buying Build America Bonds

The municipal-bond market’s regulator published a note highlighting the risks of buying Build America Bonds that are trading at more than 100 cents on the dollar, which expose investors to potential losses as governments increasingly buy them back under refinancings.

Auto Part Maker GKN Settles 401(k) Suit for Nearly $3 Million

GKN North America Services Inc. agreed to pay $2.95 million to resolve a proposed class action saying the auto part maker used a 401(k) asset allocation service that funneled workers’ retirement savings into overpriced and conflicted funds.

QuidelOrtho Leaders Allegedly Misled on Test Revenue, Outlook

QuidelOrtho Corp.'s former CEO and other members of leadership breached their duties to the company when they concealed diminishing Covid-19 test revenue and setbacks for a viral test under development, an investor alleges.

Greg Lindberg Sued for Allegedly Evading $580 Million Legal Debt

Indicted investment fund founder Greg Lindberg is facing civil litigation over claims he illegally converted a wholly owned corporation into a limited liability company to evade a $580 million court judgment.

Lender Can’t Escape Lawsuit Over ‘Consumer Loans in Disguise’

Bankers Healthcare Group LLC must face a lawsuit alleging it masked personal loans as business loans to skirt interest rate restrictions.

UK FCA Doubles Down on Naming Financial Firms Under Probes

The <-bsp-bb-link state="{"bbHref":"bbg://securities/6152Z%20LN%20Equity","_id":"0000018f-1ad5-d583-afbf-daddbe6d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">UK’s financial watchdog pushed back against criticism of its plan to name firms it’s investigating at an early stage, which it thinks will boost transparency and deterrence.

End of ‘Scorched Earth’ Years for US IPOs Hinges on Lower Rates

Companies are increasingly piling into a re-energized market for initial public offerings, and if the Federal Reserve finally stops <-bsp-bb-link state="{"bbDocId":"SC5G7RDWX2PS","_id":"0000018f-1ac8-d583-afbf-dadccada0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">punting on interest rate cuts, the trend may have room to run.

Commercial Real Estate Debt Is Back With 170% Jump in Sales

Commercial real estate was one of the scariest assets in the US last year. This year, investors are warming to it once again — and that’s helped revive a key property debt market.