Joanna R. Travalini

Jan 22, 2024 | lexology.com | Christopher Lee |Steven Sexton |Joanna R. Travalini |Paul Tyrrell |Casey Khan |Andrew Yodis

On January 8, 2024, the Fifth Circuit Court of Appeals reversed a $6.5 million jury verdict, holding that the U.S. Commodity Futures Trading Commission (CFTC) failed to provide fair notice of its interpretation of a decades-old rule preventing commodities traders from “taking the other side of orders” without clients’ consent.1 The Fifth Circuit noted that this was a case of first impression and agreed with EOX Holdings LLC (EOX) and its commodities broker, Andrew Gizienski, that the CFTC...

Aug 31, 2023 | lexology.com | Karim Pirani |Jodi Lopez |Sonia Gupta Barros |Stephen Cohen |Joanna R. Travalini

The Public Company Accounting Oversight Board (PCAOB or the Board) has closed the comment period for its proposal to amend the professional auditing standards that govern the auditor’s consideration of a company’s noncompliance with laws and regulations (the Proposal).