• The Reliance Element in U.S. and Canadian Securities Class Actions
    American Bar Association | (09/09/2015)

    The United States and Canada both provide an aggrieved investor with redress for securities violations. In the United States, an investor may attempt to recover money damages under section 10(b) of the Securities Exchange Act of 1934, the general antifraud provision of the federal securities laws. In Canada, until recently, an investor’s main recourse was tort law, principally common-law negligent misrepresentation and fraud causes of action. Statutory causes of action for securities misrepresentations have only recently been enacted and are still evolving.

  • Barclays, Exchanges Get High-Frequency Trading Suits Nixed
    Law 360 (Subscription Required) | (08/26/2015)

    James Murphy, Joseph Lombard and Theodore Snyder get high-frequency trading suits nixed.  A New York federal judge dismissed five cases Wednesday alleging exchanges and dark pools, including one operated by Barclays PLC, have given high-frequency trading firms market advantages, claims spotlighted by Michael Lewis' 2014 book, “Flash Boys.”

  • 3 DC Circ. Rulings Shaping The SEC's Dodd-Frank Powers
    Law 360 (Subscription Required) | (08/21/2015)

    Steve Crimmins quoted in Law360 article on the D.C. Circuit’s say on the SEC’s powers under the Dodd-Frank Act.  Over 40 days this summer, the D.C. Circuit has weighed in three times on the U.S. Securities and Exchange Commission’s powers under the Dodd-Frank Act, giving the agency alternatively passing and failing grades for steps it’s taken since the law’s passage in 2010.

  • Former SEC Deputy Chief Litigation Counsel Joins Murphy & McGonigle

    Murphy & McGonigle, P.C. announced today that Stephen J. Crimmins has joined the firm as a shareholder in its Washington DC and New York offices.  Mr. Crimmins’ arrival continues the strong trend of top litigation and regulatory talent joining the financial services law firm that was founded in 2010 and now numbers 43 lawyers.

  • 1st UK Conviction Gives More Ammunition To Libor Plaintiffs
    Law 360 (Subscription Required) | (08/03/2015)

    Robertson Park quoted in Law 360 article,  "1st UK Conviction Gives More Ammunition To Libor Plaintiffs."  Monday's conviction of a former UBS AG trader over the manipulation of the London Interbank Offered Rate will hand U.S. class action plaintiffs another weapon to fire at big banks in their ongoing litigation over the benchmark interest rate, experts say.

  • SEC Won’t Back Down After Latest In-House Court Setback
    Law 360 (Subscription Required) | (08/03/2015)

    Former SEC enforcement official and Murphy & McGonigle partner, Stephen Crimmins discusses the SEC’s in-house court in Law 360 article, SEC Won’t Back Down After Latest In-House Court Setback.  An ultimatum from a New York federal judge on Monday gives the U.S. Securities and Exchange Commission another reason to reconsider an aspect of how its controversial in-house court is run, yet attorneys expect the agency won’t give up so easily and address what another federal jurist has said is an “easily cured” problem.