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eBay enters trading card commercial agreement with Collectors, acquires Goldin

TechCrunch: M&A

As eBay continues to invest in the trading card space, the e-commerce company announced Wednesday three significant commercial transactions with Collectors, the parent company of PSA (Professional Sports Authenticator), the third-party authentication and grading provider in the collectibles industry. All rights reserved.

Trading 279
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Singapore-based fintech Xalts acquires digital trade platform Contour Network

TechCrunch: M&A

In a role reversal, Xalts, a Singapore fintech startup founded 18 months ago, has acquired Contour Network, a digital trade platform set up by eight major banks including HSBC, Standard Chartered and BNP.

Trading 313
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New Statute of Limitations Impacts M&A and International Trade Compliance

JD Supra: Mergers

New developments in international trade laws will have tangible and far-reaching impacts on transactions as well as day-to-day business operations. President Biden’s signing of HR 815 means that once time-barred historic events are now fair game. By: Benesch

Trading 308
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“Shadow Trading” is Insider Trading: Jury Establishes Liability in Historic Shadow Trading Case

JD Supra: Mergers

On April 5, 2024, a jury found Matthew Panuwat civilly liable for insider trading in violation of federal securities laws in a first-of-its-kind “shadow trading” case (also referred to as “sympathy trading”), which was commenced by the U.S. Securities and Exchange Commission (SEC) on August 17, 2021.

Trading 172
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SEC Prevails in Novel "Shadow Trading" Insider Trading Trial

JD Supra: Mergers

The Securities and Exchange Commission ("SEC") won at trial in its first "shadow trading" case, holding a corporate official liable for insider trading for using nonpublic information about his company's acquisition to trade in securities of a third-party company that was not involved in the acquisition. By: Jones Day

Trading 172
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New Insider Trading Precedent: Time To Update Insider Trading Policy

JD Supra: Mergers

Panuwat”), in which the SEC alleged shadow insider trading, in violation of the federal securities laws. Pfizer”) to trade ahead of the news for his own enrichment. Matthew Panuwat (“SEC v. The SEC’s complaint alleged that Panuwat used highly confidential information of his employer, Medivation, Inc.’s

Trading 177
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SEC Wins Trial Involving First-Ever Shadow Trading Case

JD Supra: Mergers

On April 5, 2024, a federal jury in the Northern District of California found defendant Matthew Panuwat liable for insider trading in the Securities and Exchange Commission’s (“SEC”) first-ever case involving the so-called “shadow trading” theory of insider trading. By: Paul Hastings LLP

Trading 177