News
Is SEC’s $40 Million Settlement with ADM a Harbinger or Screen Blip?
Late last month, the giant agribusiness Archer-Daniels-Midland agreed to pay a $40 million penalty to settle SEC fraud charges based on accounting irregularities at the company. The agreement is the culmination of a years-long controversy that forced the company to...
Second Circuit Clarifies Scope of Insider Trading Liability
Any time the Second Circuit issues a reasoned opinion on insider trading, the opinion bears notice. Last month the Second Circuit clarified the scope of insider trading liability in the context of information only derivatively related to a public company. In so...
Ninth Circuit Decision on SEC Settlements Raises Serious Concerns
Since 1972, the SEC has adhered to a strict policy – enshrined in 17 C.F.R. § 202.5(e) – which prohibits a defendant from publicly denying the charges against him in the context of a standard SEC no-admit/no-deny settlement. In a recent opinion, the Ninth Circuit...
Dailey LLP Attorneys Bonner and Parks Rainville Share Their Thoughts on the Recent Surge in AI-Washing Securities Litigation
In the emerging AI industry, companies are quick to tout their AI capabilities to gain a competitive edge. The SEC and class action plaintiffs understand this and are increasingly asserting claims of “AI-washing” against companies that overstate their capabilities. In...
Dailey LLP Attorneys Recognized in The Best Lawyers in America® and Best Lawyers: Ones to Watch® in America
Dailey LLP is pleased to announce that several of our attorneys have been recognized in the 32ⁿᵈ edition of The Best Lawyers in America® and the 6th edition of Best Lawyers: Ones to Watch® in America. These recognitions reflect the firm’s depth of talent and...
Dailey LLP Launches Cyber and Emerging Technologies Litigation Practice
Dailey LLP is pleased to announce the formation of its Cyber and Emerging Technologies Litigation Practice. While the firm has handled matters in this space for years, it has not promoted it as a niche practice area in the past. Going forward, Dailey LLP will build...
Julie A. Busta Joins Dailey LLP’s Philadelphia Office
Dailey LLP is pleased to announce that Julie A. Busta has joined the firm. Julie brings significant experience representing clients in complex commercial litigation, class action defense, internal investigations, and government investigations. Prior to joining Dailey...
The Sec Speaks: Is Anyone Listening?
Last week the SEC held its 54th SEC Speaks conference in Washington, DC, an event dating back to the Nixon Administration and the year the Wells Commission issued its now infamous report ushering in what is known today as the Wells process. The number of attendees at...
Rainville, Warshawer, and Dailey recognized as 2025 Super Lawyers
Dailey LLP attorneys Gay Parks Rainville, Sam Warshawer, and Jeffery Dailey have been recognized as 2025 Pennsylvania Super Lawyers.Gay Parks Rainville was recognized as a “Top Rated Securities Litigation Attorney in Pennsylvania.” This is the 14th straight year that...
Not Your Father’s SEC.
Changes in administrations bring opportunities and challenges, change being the operative word in 2025. Paul Atkins, the SEC’s newly-appointed chairman, in an address to the SEC staff last week, declared the agency was returning to its “core mission,” protecting...