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You are browsing the archive for March 2009.
Securities Docket News Wire for March 31, 2009
Securities class action filed in USDC for the SDNY against Deutsche Bank AG. http://is.gd/pUDC # Japan: Securities Regulators Invest in Technology to Battle Insider Trading. http://is.gd/pPzH # Court Dismisses ARS-Related Securities Class Action Against UBS. http://is.gd/pPtd # Plaintiffs’ Securities Class Action Law Firms Actively Hiring. http://is.gd/pPpC #
Hong Kong: SFC Obtains Third Criminal Conviction for Insider Trading in Last Twelve Months
In Hong Kong, Andy Lam King Hung, an accounting manager at Chinese Estates Holdings Ltd., was convicted on two criminal charges of insider dealing in the shares of Chi Cheung Investment Co, Ltd. He was remanded in custody pending his sentencing April 20, 2009, AHN reports. An investigation by Hong Kong’s Securities and Futures Commission [...]
Japan: Securities Regulators Invest in Technology to Battle Insider Trading
In Japan, enforcement of the insider trading laws have historically been quite lax. That may be about to change, however, as Japan’s Securities and Exchange Surveillance Commission has invested in a new online information-gathering system named Compliance WAN which gives regulators direct access to the history of customer transactions at brokerages. Compliance WAN replaces the [...]
Court Dismisses ARS-Related Securities Class Action Against UBS
On Monday, Judge Lawrence M. McKenna of the SDNY dismissed the securities class action against UBS, which alleged that the bank misled investors when it sold them auction rate securities. The court ruled that the case could not continue because UBS had already reached a $19.4 billion settlement in the matter in August with the [...]
Plaintiffs’ Securities Class Action Law Firms Actively Hiring
Each week lately seems to bring news of widespread layoffs in law firms in the US and the UK, but one particular segment of the lawyer population remains in strong demand. The Recorder reports that fueled by the financial crisis, numerous plaintiffs’ securities class action firms are actively hiring associates now. The firms hiring include [...]
Securities Docket News Wire for March 30, 2009
Rare Securities Class Action Trial Gets Underway in Federal Court in Chicago. http://is.gd/pJqv # UK: SFO Investigating Madoff Feeder Funds. http://is.gd/pDxw # Stanford Financial Group’s Pendergest-Holt Files Malpractice Claim Against Lawyer Who “Dropped Her in the Grease” http://is.gd/pDqT # On insider dealing, City watchdog is finding its snarl. http://is.gd/pDlP #
Securities Docket Webcasts: Participate as a Panelist or Sponsor
Securities Docket’s webcast series has proven to be an enormously popular feature. Already in 2009, over 1,700 people have registered to attend one or more Securities Docket webcasts on our “Securities Litigation and Enforcement” webcast channel. The growth and success of the Securities Litigation and Enforcement webcast channel has led to numerous recent inquiries from [...]
Rare Securities Class Action Trial Gets Underway in Federal Court in Chicago
We certainly hope that the lawyers from Coughlin Stoia Geller Rudman & Robbins and Cahill Gordon & Reindel tuned in last week for our webcast on “The JDSU Verdict One Year Later: Lessons from the Largest Securities Class Action Trial in History.” The Am Law Litigation Daily reports that those two law firms will square [...]
UK: Lawyer Sentenced to Eight Months for Insider Dealing
Christopher McQuoid, the UK lawyer found guilty last week in the FSA’s first-ever criminal prosecution for insider dealing (previously discussed here), was sentenced to jail for eight months today. His father-in-law who was also found guilty, James Melbourne, was given the same sentence, but the sentence was suspended because of his age (74), the Times [...]
UK: SFO Investigating Madoff Feeder Funds
The UK’s Serious Fraud Office has broadened its investigation into the Bernard Madoff scandal to include the London activities of certain Madoff feeder funds. The Guardian reports that a criminal investigation by the SFO into London branches of the feeder funds “suggests investigators believe certain feeder operations may have played a more actively dishonest role [...]