David Herman

Articles by this author

Sonic Settles Data Breach Negligence Case

Judge James Gwin has approved a class-action settlement between Sonic Corporation and a number of financial institutions. Sonic has agreed to pay $5.73 million to settle claims that their...

FTC Announces Comment Period on Right to Repair Rule...

The Federal Trade Commission (FTC) has opened a comment period for a new regulation updating and expanding electronics labeling standards. The proposed rule would require companies to add basic...

Robinhood Narrows Payment for Order Flow Suit

Judge Yvonne Gonzalez Rogers issued an order narrowing Ji Kwon’s suit against Robinhood. The suit alleges that Robinhood fraudulently concealed the extent to which payment for order flow (PFOF)...

Strongblock Wants Dismissal or Arbitration of Investors’ Unregistered Securities...

Jenison Holdings SEZC, under the trade name “Strongblock,” filed a motion to dismiss a suit alleging that they failed to properly register its blockchain nodes as securities. Strongblock...

Fennec Pharma Wins Dismissal of Securities Case

District Judge Catherine Eagles issued an order granting Fennec Pharmaceuticals, Inc’s  motion to dismiss. She found that the lead plaintiff, Jeffrey Fisher, failed to plead scienter in his...

Would-Be HSBC Whistleblower Files Retaliation Complaint

Stephen Callahan has filed a whistleblower complaint alleging that HSBC engages in frequent front-running and that they fired him for his efforts to stop this illegal behavior. He seeks...