What Could Possibly Go Wrong? Crypto “Insider Trading,” Section 11 Standing, and SEC Climate Disclosures

Cornerstone Research hosted a virtual presentation by Joseph Grundfest of Stanford Law School, former U.S. Attorney for the Southern District of New York Preet Bharara, and former SEC Chair and former U.S. Attorney for the Southern District of New York Mary Jo White.

Professor Grundfest, Mr. Bharara, and Ms. White discussed three hot topics in securities litigation and regulation. Dr. Jennifer Marietta-Westberg of Cornerstone Research served as moderator.

  • Crypto “Insider Trading”: What are the broader implications of the criminal prosecutions of employees who allegedly violated wire fraud statutes by “insider trading” in the non-fungible token (NFT) market?
  • Petition for Certiorari in Pirani v. Slack: Will the Supreme Court grant cert in Pirani? This Ninth Circuit case not only upends established rules of Section 11 standing but also potentially—and significantly—expands the class of purchasers with Section 11 standing. If cert is granted, how will the Court rule?
  • West Virginia v. EPA: What implications will the Supreme Court’s recent decision have for the SEC’s pending climate disclosure rules?