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Two recent decisions from the Supreme Court of New York Appellate Division, First Department, examine the boundaries of Section 11 liability at the motion to dismiss phase, offering critical insights for defendants facing securities claims. Section 11 claims impose near-strict liability standards by eliminating the need to prove scienter or reliance, making these rulings particularly significant for litigation strategy.

Workplace sexual harassment extends beyond office walls to company parties, business trips, conferences, and after-hours events. Understanding when off-site conduct remains connected to employment can determine whether employees have legal protections and whether employers bear responsibility for inappropriate behavior that occurs away from company property.

The SEC's Division of Examinations has identified six critical compliance issues that investment advisers commonly encounter during annual reviews. Understanding these deficiencies—from incomplete procedures to inadequate documentation—can help firms strengthen their compliance programs and avoid regulatory violations.