Entries by Tim Santoni

California Cannabis Industry to be Investigated by Sacramento

According to news sources, California lawmakers are calling for a sweeping investigation into corruption in the state’s cannabis industry, legislative hearings on the exploitation of farmworkers and new laws to thwart labor trafficking in response to revelations of rampant abuses and worker deaths in a multibillion-dollar market that has become increasingly unmanageable. The proposals follow […]

Arizona Exits Banking Practices Investigations

Arizona Attorney General Kris Mayes said Monday her office will no longer join a multi-state investigation into U.S. banks that consider sustainability when making investments. Former AG Mark Brnovich, a Republican, was one of 18 state attorneys general who launched an inquiry in October 2022 into environmental, social and governance investing, better known as ESG. […]

No Independent Investigation Says New FTX CEO

According to news sources, FTX’s new chief executive told a bankruptcy court Monday there is “a danger” to authorizing an independent investigation of the crypto exchange’s collapse. John Ray said he had no use for prior court-supervised investigations into other companies he steered through bankruptcy. “Neither in Enron nor in Residential Capital did I make […]

Why the Supreme Court Isn’t Great at Investigations

News sources have confirmed that we all learned something very powerful from the Supreme Court’s report of its internal investigation of the leak to Politico of the draft Dobbs opinion overturning Roe v. Wade. We learned that The Supreme Court isn’t very good at internal investigations. The investigation, which was conducted by the marshal of […]

Insider Trading Decision Could Impact Future White-Collar Investigations and Prosecutions

Last week, the Second Circuit Court issued a potentially significant decision in an insider-trading case on remand from the Supreme Court that may significantly impact both insider trading investigations and broader “fraud” prosecutions going forward. The case, United States v. Blaszczak, involved allegations that one of the defendants (the “tipper”) who worked for the U.S. […]