James P. McLoughlin, Jr., Neil T. Bloomfield, and Elena F. Mitchell issued a Client Advisory Update titled "Judge Refuses to Dismiss SEC Action Against RPM International and Its General Counsel Alleging Loss Contingency Disclosure Failures." On Friday September 29, 2017, U.S. District Judge Amy Berman Jackson denied the motions to dismiss filed by RPM International, Inc. and its general counsel, Edward Moore, discussed in our previous Client Advisory. Judge Jackson concluded the SEC’s allegations stated plausible fraud claims against RPM and Moore and RPM and Moore had failed in their duty to disclose and accrue for a Department of Justice investigation pursuant to generally accepted accounting principles, in particular Accounting Standards Codification (“ASC”) 450. Click here to read the full Client Advisory Update discussing the court's ruling.
AssociateElena's practice focuses on complex litigation matters involving a wide variety of business torts, commercial contracts and mortgage loan disputes, estate litigation, and antitrust litigation. Elena regularly practices in ...
MemberJim has dedicated his career to winning civil and criminal cases. He has prosecuted and defended dozens of appeals. Jim advocates for clients in regulatory and criminal investigations and cases conducted by the Department of ...
MemberNeil regularly represents clients with responses to inquiries by Federal (e.g. CFTC, OCC, FRB, SEC, IRS, DOJ, and various U.S. Attorney's offices and Congressional Commissioners), State (e.g. the North Carolina Attorney General ...
About MVA White Collar Defense, Investigations, and Regulatory Advice Blog
As government authorities around the world conduct overlapping investigations and bring parallel proceedings in evolving regulatory environments, companies face challenging regulatory and criminal enforcement dynamics. We help keep our clients up to date in these fast-moving areas and to serve as a thought leader.
The latest from MVA White Collar Defense, Investigations, and Regulatory Advice Blog
- OCC Revises Recovery Planning Guidelines for Large Banks
- OCC Issues Guidance Reminding Banks of Risks Associated with Refinancing Commercial Loans
- CFPB Finalizes Personal Financial Data Rights Rule 1033
- SEC Settlement Reminds Firms to Periodically Review Their Use of Models, Calculators and Tools When Making Client Recommendations