Jan. 27 Webcast Materials
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInFebruary 2009
You are browsing the archive for February 2009.
Securities Docket News Wire for Feb. 12, 2009
SEC: Return of $321 Million to Investors Underway in Alliance Capital Settlement. http://is.gd/jjXr #
Pequot Insider Trading Investigation, Part 9
by Bruce Carton Just when you thought that the eight prior investigations related to possible insider trading at Pequot Capital Management in 2001 had pretty much covered all that could be covered, there’s more: Portfolio.com reports that federal prosecutors have now opened a criminal investigation related to possible insider trading in Microsoft stock by Pequot [...]
Welcome BDO Consulting
We welcome BDO Consulting, Securities Docket’s newest sponsor. BDO Consulting’s Securities Litigation and Regulatory Enforcement practice is nationally recognized for providing superior client service to counsel involved in some of the most high-profile, complex litigation matters and corporate investigations. It provides assistance to counsel involved in accountants’ liability litigation, corporate investigations, and securities litigation and [...]
SEC: Return of $321 Million to Investors Underway in Alliance Capital Settlement
The SEC announced last week that it has completed the first in a series of disbursements from a Fair Fund that will return approximately $321 million to more than two million investors in its settlement with respect to market timing in the Alliance mutual funds complex. The settlement resulted from an SEC enforcement action charging [...]
FOX News Video: More Regulation Needed for Hedge Funds?
Newedge Group’s Kirby Daley explains why the Obama Administration should not necessarily rush to impose stricter regulation of hedge funds in the wake of the Madoff case in this Fox News video:
(Pent)House Arrest, Marc Dreier Edition
We haven’t seen a professionally-produced video of the prison/apartment where Bernard Madoff is currently under (pent)house arrest, but how much nicer can it be than the prison/apartment where Marc Dreier will now reside until the trial in his pending prosecution? Cityfile reports that it has found a Prudential Douglas Elliman video tour of Dreier’s One [...]
Atkins: Schapiro Wrong About Enforcement Penalty Pilot Program
On Friday of last week, Mary Schapiro announced with some degree of fanfare that to improve its enforcement efforts, the SEC was terminating a “pilot program” that required staff members to receive approval from the commissioners of the SEC before negotiating penalties. Yesterday, however, former SEC Commissioner Paul Atkins (pictured) stated that Schapiro is “wrong” [...]
Securities Class Action Against Jones Soda Dismissed, Plaintiffs May Seek Leave to Amend
U.S. District Judge Robert Lasnik in Seattle dismissed the securities class action lawsuit against Jones Soda and several of its executives and directors on Monday. The lawsuit, filed on behalf of investors who bought Jones stock between January 2007 and May 2008, alleged misstatements regarding the company’s market penetration, which led to the stock’s overvaluation. [...]
Sen. Schumer Recommends Preet Bharara as Next US Attorney for the SDNY
Sen. Charles E. Schumer has recommended that Pres. Obama name his chief counsel, Preet Bharara (pictured), as the next United States Attorney for the Southern District of New York. The NY Times reports that although Schumer’s backing does not guarantee that Bharara will get the post, it makes him the clear front-runner. The SDNY US [...]
Securities Docket News Wire for Feb. 11, 2009
Preet Bharara widely expected to become new U.S. attorney for the Southern District of New York in Manhattan. http://is.gd/jf2I # Feb. 24 Webcast: Liability of Professionals in the Financial Crisis: Auditors & Others in the Crosshairs. http://is.gd/jdjL # Hearing on “The Need for Increased Fraud Enforcement in Wake of Economic Downturn” underway. http://judiciary.senate.gov/webcast/live.ram # “Clawback” [...]