"When the SEC Comes Calling"
Event | 01.23.20, 1:00 PM EST - 4:00 PM EST
Address
Linklaters LLP
1345 6th Ave, New York, NY 10105
On Thursday, January 23, 2020, the Wall Street Blockchain Alliance (WSBA) invites you to a special evening event featuring a panel of highly experienced securities litigators.
Over the past few years, the ability of companies to conduct “token offerings” (also called ICOs) has allowed early-stage entities to raise—quickly and sometimes with very little disclosure—billions of dollars. Yet, as the U.S. Securities and Exchange Commission (SEC) has made clear, under U.S. federal securities laws, many such token sales may have been illegal (while some involved fraud and outright scams). More recently, we have seen a series of high-profile investigations and enforcement actions brought by the SEC against some of the world’s most prominent token sellers.
Would you be ready if the SEC came knocking on your door? In a fireside chat and panel, our speakers will provide essential context and share practical tips about what to expect when faced with a potential SEC investigation or enforcement action.
We hope you can join us for an informative and lively event.
Partner Michelle Gitlitz will be presenting during the event.
Insights
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Has the Buss Stopped? Recoupment Today: In 1997, the California Supreme Court decided Buss v. Superior Court. In Buss, the court concluded that a liability insurer that defended a mixed action could seek reimbursement from the insured for the defense costs associated with the claims that were not even potentially covered. Since then, numerous courts have held that insurers are entitled to recoup their defense costs associated with uncovered claims or causes of action. On the other hand, a significant number of courts have rejected insurers’ right to recoupment, at least in the absence of a policy provision granting the insurer that right. Some commentators have even suggested that the current judicial trend might be away from permitting insurers to recoup their defense costs. Is that correct? Has the Buss stopped? This panel of coverage experts will analyze insurers’ claimed right to recoupment today, and offer their perspectives on what the law on recoupment should perhaps be and might be in the future.
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