Operating

SEC Charges Florida Father-Son Duo with Operating Deceptive Litigation Finance Scheme

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Washington — Federal regulators implicated two Florida men, a father and son duo, in allegedly orchestrating a deceptive scheme involving litigation financing. The U.S. Securities and Exchange Commission (SEC) announced the charges on Friday, detailing how the pair promised significant returns to investors by funding mass tort litigation. According to the SEC, the suspects attracted investments by promoting their supposed expertise in identifying profitable legal cases, particularly those involving large groups of plaintiffs in product liability lawsuits. Investors were led to believe that their funds would be directly applied to cover legal fees and other … Read more

China’s New State Secrets Law Sparks Concerns for Foreign Businesses Operating in the Country

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BEIJING, CHINA – China has passed new rules that will broaden the scope of what can be classified as a state secret, raising concerns about transparency and potential liabilities. The updated state secrets law, set to take effect on May 1, includes a provision that extends precautions for state secrets to also cover unclassified information known as work secrets. The definition of work secrets encompasses information that could have an “adverse impact” if leaked. However, critics argue that the definition is vague and open to abuse, potentially limiting the public’s right to information. Jeremy Daum, … Read more

EDJ XTech Law School Appoints Lara Novis as Chief Operating Officer

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Madrid, Spain – EDJ XTech Law School, an educational platform specializing in law and technology, has bolstered its management team with the appointment of Lara Novis as Chief Operating Officer (COO). Novis, a member of the Madrid Bar Association since 2008, brings over 15 years of experience in both the public and private sectors. Throughout her career, Novis has served as a legal advisor in transportation at a law firm and as Captain Auditor of the Military Legal Corps. She holds an impressive academic background, including a Master’s degree in Maritime Law and Business from … Read more