Jan. 27 Webcast Materials
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInJanuary 2009
You are browsing the archive for January 2009.
Securities Docket News Wire for Jan. 17, 2009
Satyam founder Raju may have skimmed huge amounts of cash from the company rather than its padding books as he claimed. http://is.gd/ghVo # Invitation to Securities Docket Readers: Connect On LinkedIn. http://is.gd/ggmu # SEC Obtains Final Judgment in “Did I Say Blimp, I Meant Crane” Case. http://is.gd/gfff #
Invitation to Securities Docket Readers: Connect On LinkedIn
Part of Securities Docket’s mission is to help the broad community of professionals who are interested in securities litigation, SEC enforcement, and white collar issues identify and connect with each other. Please read this to learn how you can connect with us and with fellow Securities Docket readers on LinkedIn.com.
Merrill Lynch Agrees to Settle Securities Class Action for $475 Million
Merrill Lynch & Co. confirmed on Friday that it has agreed to pay $475 million in cash to settle a securities class action suit led by the Ohio State Teachers Retirement System, Bloomberg reports. The Ohio pension fund and other investors filed lawsuits beginning in October 2007 after Merrill Lynch wrote down billions of dollars [...]
SEC Obtains Final Judgment in “Did I Say Blimp, I Meant Crane” Case
The SEC announced last week that on December 19, 2008, Judge Jeffrey Miller of the US District Court for the Southern District of California issued final judgments against defendants Francois M. Draper and Robert D. Perry. Draper served as Executive VP, Chief Operating Officer, and Chief Technical Officer of Platforms Wireless International from June 2000 [...]
Securities Docket News Wire for Jan. 16, 2009
Luxembourg: Court Orders UBS to Return €30m in Funds Tied to Madoff Investments. http://is.gd/g6d7 # Aon Corp. Estimates Insurance Industry Losses from Alleged Madoff Scheme to be $1.8 Billion. http://is.gd/g6d2 # Court Dismisses Mirant Securities Class Action With Prejudice, Ending Six Year Battle. http://is.gd/g6cT #
Skadden Arps Starts European Corporate Investigations Practice
Skadden Arps announced this week that Gary DiBianco (pictured) has moved from its Washington, DC office to London to lead a European corporate investigations practice. The Am Law Daily reports that according to DiBianco, the growing amount of cooperation between countries’ regulatory bodies has contributed to many investigations he is working on taking on international [...]
Web Watch: Best Blog Posts and Columns For the Week Ending Jan. 16
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): RANDALL SMITH, TOM MCGINTY and KARA SCANNELL, WSJ (Jan. 15, 2009): Obama’s Pick to Head SEC Has Record Of Being a Regulator With a Light Touch A close examination of Mary Schapiro’s record as a regulator shows she [...]
Ninth Circuit Affirms Dismissal With Prejudice of Digimarc Corp. Securities Class Action
On January 12, 2009, the US Court of Appeals for the Ninth Circuit affirmed a lower court’s dismissal of the securities class action filed against Digimarc Corp. and certain of its officers, agreeing that plaintiffs failed to adequately plead a strong inference of scienter. Plaintiffs had alleged that Digimarc purposefully manipulated its financial prospects by [...]
Latham’s Kathryn Ruemmler to Rejoin DOJ as Principal Associate Deputy Attorney General
Usually the lawyer moves we report are from the government to private practice, but here’s one going the other direction. Latham & Watkin’s Kathryn Ruemmler, a litigation partner and the former Deputy Director of the DOJ’s Enron Task Force, will be rejoining the DOJ as the Principal Associate Deputy Attorney General in the Obama Justice [...]
Play “The Bailout Game”
Via our friends at Kraut in the City we have stumbled upon a fantastic bit of financial crisis entertainment called “The Bailout Game.” Highly recommended. Play The Bailout Game