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You are browsing the archive for December 2008.
Securities Docket News Wire for Dec. 31, 2008
House Sets Hearing to Assess Madoff Ponzi, Reform. http://is.gd/eiZ0 #
Today is the last day that Merrill Lynch & Co will be traded on the NYSE, due to its acquisition by Bank of America. http://is.gd/eiS9 #
Vote: Will Madoff Disclose Assets Today or Assert Fifth Amendment? http://is.gd/egO6 #
House Sets Hearing for Jan. 5 to Assess Madoff Ponzi, Reform
The House Committee on Financial Services has scheduled a Full Committee Meeting for Monday, January 5, 2009, at 2:00 p.m., to hear testimony on “Assessing the Madoff Ponzi and the Need for Regulatory Reform.” Witnesses will reportedly include H. David Kotz, SEC Inspector General; Stephen P. Harbeck, President, SIPC; Harry Markopolos, who tried for years [...]
CNBC Video: Jacob Frenkel on the Looming Madoff Asset Disclosure Deadline
Jacob Frenkel, formerly an SEC Enforcement attorney and federal prosecutor (not to mention a current member of the Securities Docket Securities Litigation and Enforcement group), was interviewed at length this morning in this video from CNBC. In it, Frenkel discusses the looming deadline for Bernard Madoff to disclose his assets to the SEC, and what [...]
Vote: Will Madoff Disclose Assets Today or Assert Fifth Amendment?
Today, New Year’s Eve, is the deadline imposed by Judge Louis Stanton for Bernard Madoff to produce to the SEC a complete written account of all his assets held for his “direct or indirect benefit,” with descriptions of “the source, amount, disposition and current location of each.” Although Madoff’s own lawyers have publicly stated that [...]
January 14 Webcast on Madoff Litigation: Can the Lost Billions be Recovered? How?
On January 14, NERA Economic Consulting is sponsoring a Securities Docket webcast that will address the key legal and economic questions arising from Bernard Madoff’s alleged $50 billion scheme. Please join panelists Gerald Silk of Bernstein Litowitz Berger & Grossman LLP; Brad Freidman of Milberg LLP; and Dr. Fred Dunbar of NERA Economic Consulting as they address these issues in a free, one-hour webcast.
Securities Docket News Wire for Dec. 30, 2008
Fortune’s 21 Dumbest Moments in Business 2008: #17–”SEC’s Madoff Miss” http://is.gd/edEY #
Susan Markel, Chief Accountant for Enforcement Division, to Leave SEC After 14 Years of Service. http://is.gd/ecWh #
Invitation to Free January 6 Webcast: 2008 Year in Review–Securities Litigation and Enforcement. http://is.gd/8kWS #
Hedge funds bracing for raft of more stringent requirements and regulatory scrutiny following [...]
US Attorney Richard Roper Joins Thompson & Knight
Richard Roper, U.S. Attorney for the N. D. Tex., has resigned and will join law firm Thompson & Knight’s as a partner in its Fort Worth and Dallas offices. The Star-Telegram reports that Roper will handle white-collar fraud and corporate investigation matters for the Dallas-based law firm, which has about 400 attorneys.
Roper has served as [...]
SEC Enforcement Chief Accountant Susan Markel Leaving SEC for AlixPartners in January
The SEC announced today that Susan G. Markel, Chief Accountant for the Division of Enforcement, will leave the agency in January to become a Managing Director in the Corporate Investigations practice of AlixPartners LLP, a global business advisory firm.
Ms. Markel joined the SEC staff in 1994 as a Staff Accountant in the Division of Enforcement. [...]
SEC’s Case Against Madoff Will See Flurry of Activity on New Year’s Eve
The last day of 2008 will be an eventful one in the SEC’s civil case against Bernard Madoff that is now pending before Judge Louis L. Stanton of the SDNY. Beginning tomorrow, Judge Stanton will consider three important issues in the case, the NY Times reports.
First, Judge Stanton will consider investor requests to broaden the [...]
Australia’s ANZ Banking Group Labels US Class Action Against it “Strange” and “Without Foundation”
Australia-based ANZ Banking Group Ltd said Tuesday that a class action filed against it by US law firm Vianale & Vianale in the SDNY over certain disclosures is “starnge” and “without foundation,” The Age reports.
The lawsuit was filed on Monday alleging that ANZ violated US securities laws by failing to adequately disclose the range of [...]