A motion to dismiss—in which the court must accept the SEC’s allegations as true and draw reasonable inferences in the SEC’s favor—remains a poor procedural mechanism to test the long-term viability of a novel fact-dependent theory of liability such as shadow trading.
Georgia Republican Senate candidate Herschel Walker is headed to a December 6 runoff election against Sen. Raphael Warnock (D), after regular eruptions of negative stories about Walker’s past that began almost immediately upon his entering the race.
The Senate approved a new contract between railroad companies and labor unions on Thursday in a last-minute vote, preventing a nationwide railroad strike and severely hamstring the economy.
Jeffrey Epstein’s estate agreed to pay $105 million to the U.S. Virgin Islands over claims he used the territory to operate his sex trafficking ring under the cover of running a financial firm, the New York Times reported Wednesday.