Federal Trade Commission Launches Inquiry into Debit Card Transactions

The Federal Trade Commission (FTC) launched a preliminary inquiry into both Visa Inc. and Mastercard Inc. for their debit card practices. Both companies recently settled an antitrust probe with the European Union in April over their payment processing practices. The latest inquiry by the FTC is also based on concerns over whether these companies were […]

Anheuser-Busch Securities Fraud Class Action Lawsuit

A class action lawsuit was recently filed by shareholders of Anheuser-Busch InBev SA/NV (the “Company” or “Anheuser-Busch”) in the United States District Court for the Southern District of New York. The suit alleges that the Company and several of its officers intentionally misled shareholders about Anheuser-Busch’s profit outlook during a revenue period in 2018, providing […]

Celadon Admits to Securities Fraud

Recently, the Indiana trucking company, Celadon, agreed to pay restitution of $42.2 million to its shareholders after it settled with the U.S. Department of Justice on securities fraud charges. Celadon is a publicly traded company that provides trucking and transportation services in the United States, Mexico and Canada. The settlement requires that Celadon pay $5 […]

Investment Banker Found Liable for Fraud Over Email Written by His Boss

The U.S. Supreme Court recently held an investment banker liable for fraud even though he did not draft the fraudulent communication that he later transmitted to a potential investor. In Lorenzo v. Securities and Exchange Commission, the Supreme Court deliberated on the issue of whether fraud was committed when Francis Lorenzo, the director of investment […]

Cryptocurrency Lacks Comprehensive Regulation

Virtual currencies, commonly known as cryptocurrency, have gone from relative obscurity to extreme popularity among investors in a short period of time. Bitcoin and other cryptocurrencies, which are powered by blockchain technology, have a collective value in the billions. As cashless payment systems have become more prevalent, however, regulation has struggled to catch up, leaving […]

How to Recover Financially After Fraud

Individuals who have experienced the devastating effects of financial fraud can spend years replenishing their bank accounts and restoring their damaged credit. During this stressful time, knowing what steps to take to fully recover financially can help individuals and families move forward. Properly Report the Crime Early reporting of financial crimes like fraud is essential […]

CBS Executives Accused of Insider Trading

CBS CEO Les Moonves was forced to leave the company after numerous allegations of sexual misconduct came to light. Now Moonves is coming under fire again, facing new allegations of insider trading. A lawsuit filed recently claims that he and other CBS executives sold off massive amounts of CBS stock shortly before the sexual misconduct […]

Red Hat and IBM Deal Leads to Shareholder Complaints

Technology giant IBM’s recent acquisition of open source software company Red Hat continues to make waves in the investment world. By merging with Red Hat, IBM can operate beyond its current infrastructure, which relies heavily on in-house private servers and third-party cloud sources. The merger allows secure and portable interfaces across multiple cloud platforms. While […]

A Message to Our Clients About Coronavirus COVID-19:

A Message to Our Clients About Coronavirus COVID-19

At Shepherd, Finkelman, Miller & Shah, LLP, we view the safety and well-being of our clients, staff and business partners as our highest priority.

The situation regarding the COVID-19 virus is continually changing, and we are following all recommended guidelines to stay healthy. As a result, our lawyers and staff are working remotely in accordance with the CDC's recommendations. We continue to work for all of our clients and are happy to arrange for phone or video consultations. We are also able to exchange documents via secure drives or email.

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