2017 Year-End Securities Litigation And Enforcement Highlights

Welcome to the 2017 Year-End Report from the BakerHostetler Securities Litigation and Regulatory Enforcement Practice Team.

The purpose of this report is to provide a periodic survey of matters we believe to be of interest to general counsel, chief compliance officers, compliance departments, legal departments, and members of the securities and commodities industries.

This report highlights recent, significant developments, including:

• Supreme Court Cases, including a summary of the recent decision in Somers concerning the scope of Dodd-Frank whistleblower protections, a summary of the recent oral argument in Cyan concerning whether state courts have subject matter jurisdiction to adjudicate Securities Act claims, and an update on the Leidos litigation that concerned whether Securities and Exchange Commission ("SEC") regulations create a duty to disclose that can give rise to securities fraud claims.