SEC bars Ofer Ababaneh from investment industry

The SEC has barred Ofer Ababaneh from associating with any investment adviser, investment company, or any other person or entity registered or required to be registered with the Commission. This action follows Ababaneh's guilty plea and sentencing for investment adviser fraud, resulting in a 48-month prison sentence and restitution of $106,000,000.

SEC Order Directing Third Disbursement of Fair Fund in Computer Sciences Corporation Matter

The SEC has issued an order directing a third disbursement of Fair Funds in the administrative proceeding against Computer Sciences Corporation. Approximately $517,004.73 will be distributed to harmed investors, bringing the total disbursed to 22.23% of their recognized claims.

Stercula v. Wengert, Heimbach, and Wilson - Forged Deed Case

The Delaware Court of Chancery ruled against Larry Stercula in his claim that a deed transferring property was forged. The court found that Stercula failed to prove the deed was forged and ruled in favor of the defendants, upholding the property transfer.

Delaware Court of Chancery rules against Edmondson in takeover dispute

The Delaware Court of Chancery ruled against Roy Mitchell Edmondson in a takeover dispute concerning Teliporter (US) Inc. The court found Edmondson's actions to validate his takeover were barred by equitable estoppel and unclean hands, voiding his stock issuance.

Van Horn v. Townsend Real Estate - Adverse Possession Case

The Delaware Court of Chancery issued an opinion in Van Horn v. Townsend Real Estate, ruling in favor of Michael Van Horn regarding a property dispute. The court found that Van Horn met the criteria for adverse possession, vesting title to the disputed land in him.

Stonebridge Townhomes Owner's Association v. Ptoomey - Adverse Possession Dispute

The Delaware Court of Chancery issued a final report in the dispute between Stonebridge Townhomes Owner's Association and homeowners Mark and Martha Ptoomey. The court ruled against the homeowners' adverse possession claim, finding they failed to meet their burden of proof and ordering the contested area returned to the association at the homeowners' expense.

SEC and FSA Hold Dialogue on Market Developments and Crypto

The SEC and Japan's FSA held their Spring Financial Regulatory Dialogue to discuss market developments, including crypto and digital assets. The meeting aimed to strengthen cooperation on cross-border issues and enhance investor protection in global capital markets.

SEC Adopts Final Rules for Holding Foreign Insiders Accountable Act

The SEC has adopted final rules and form amendments implementing the Holding Foreign Insiders Accountable Act (HFIA). These changes require directors and officers of foreign private issuers to electronically disclose their holdings and transactions in the issuer's equity securities, effective March 18, 2026.

Delaware Supreme Court Opinion on Corporate Law Amendments

The Delaware Supreme Court issued an opinion answering certified questions of law regarding recent amendments to the Delaware General Corporation Law (DGCL). The court's decision addresses the constitutionality of these amendments, impacting corporate governance and legal frameworks within the state.

Empire Technology Development LLC v. Advanced Micro Devices, Inc - Patent Infringement

The U.S. District Court for the District of Delaware issued an opinion and order in the patent infringement case between Empire Technology Development LLC and Advanced Micro Devices, Inc. The court granted in part and denied in part the defendant's motion for judgment on the pleadings regarding alleged infringement of U.S. Patent Numbers 9,367,370 and 9,671,850.