By John Jannarone One of Michael Milken’s top lieutenants who was a central player and informant in the 1980s insider trading scandal said he has “nothing but the greatest respect” for Mr. Milken after his pardon from President Donald Trump...

By Yousuf Aftab, Enodo Rights & Atelier Aftab and Jonathan Drimmer, Paul Hastings On 15 December 2019, a group of Congolese plaintiffs filed a class action under the U.S. Trafficking Victim Protection Reauthorization Act (“TVPRA”), seeking damages from multiple technology and automotive...

By John Jannarone Nasdaq, Inc. announced Monday it has acquired OneReport, Inc., a provider of corporate responsibility and environmental, social, and governance (ESG) data management and reporting services, a deal that will further expand the company’s suite of offerings to...

BlackRock Inc.’s recent letter from founder Larry Fink is likely to provide momentum to two specific frameworks for sustainability and climate-change disclosure, the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD), helping to standardize...

Companies May Soon Adopt a Standardized Framework for Reporting ESG Matters By John Jannarone As U.S. President Donald Trump and Swedish environmental activist Greta Thunberg descended on Davos, Switzerland, this week, the topics of climate change and social responsibility came...

Lawrence Elbaum, Partner and Co-Leader of Shareholder Activism at Vinson & Elkins LLP  When it comes to environmental, social, and governance (ESG) concerns, activist investors tend to focus much more on the “G” than the “E” or “S” – and...

Nasdaq Cut CO2 Footprint to Zero, Offsetting Emissions Including NYC MarketSite Tower By John Jannarone Nasdaq, Inc. has reached a zero-carbon footprint within its own corporation, a move symbolizing its commitment to helping clients with a wide range of environmental,...

By John Jannarone The Palm Beach Hedge Fund Association (PBHFA), founded by David S. Goodboy, has partnered with the Palm Beach Symphony, creating opportunities for members to experience one of South Florida’s major cultural institutions. The Palm Beach Symphony, which...

Damian Lewis Plays Bobby Axelrod in Showtime’s Billions By Dan McDermott In the 1987 film “Wall Street”, Michael Douglas’ character Gordon Gekko gave the famous “Greed is Good” speech during a hostile takeover of his target, Teldar Paper. This scene...

Bob Marese, Managing Director, MacKenzie Partners, Inc. While it may appear hedge funds aren’t focused on ESG issues, their underlying investors such as university endowments often are and will want ESG to be part of the investment decision process. That’s...