Partner Peter Baldwin was quoted in an article in the Los Angeles Times titled “Justice Department, SEC investigating whether Snap misled IPO investors.” The article discusses the ongoing DOJ and SEC investigations of Snap, Inc., as well as potential outcomes of those investigations, including potential criminal and civil charges.

In the article, Pete said, “It’s hard to predict what, if anything, might come of the federal inquiries.” However, he said that “authorities may be looking for potential securities fraud based on shareholders’ allegations or other information.” Pete also discussed factors that lead federal law enforcement and regulatory agencies to pursue criminal versus civil charges in investigations of this nature.

Source: Los Angeles Times