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You are browsing the archive for April 2009.
Web Watch: Best Blog Posts and Columns For the Week Ending April 17
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): EDWARDS ANGELL PALMER & DODGE LLP (April 16, 2009): New Jersey Federal Court Dismisses Securities Class Action Complaint as Sanction for Attorney Misconduct The United States District Court for the District of New Jersey recently dismissed a securities [...]
PBS Video: First Television Interview with Mary Schapiro
SEC Chairman Mary Schapiro gave her first television interview since rejoining the SEC to PBS’ Nightly Business Report. The interview touches on Ponzi schemes, rating agencies, and much more.
April 21 Webcast — SEC Enforcement Update: A Wounded Animal is a Dangerous Animal
In a sharp detour from the era of Chairman Christopher Cox, the SEC under new Chairman Mary Shapiro’s leadership has obtained big budget increases that will be used to increase the number of enforcement lawyers. It has also empowered its staff by streamlining procedures relating to the issuance of formal orders of investigation and negotiating [...]
Dechert Releases Survey of Securities Fraud Class Actions Brought Against Life Sciences Companies
Law firm Dechert LLP has released its “Survey of Securities Fraud Class Actions Brought Against Life Sciences Companies.” The survey reveals that: 23 different pharmaceutical and biotech companies, along with certain individuals, were sued for alleged securities fraud. In 2008, the majority of the securities fraud lawsuits against such companies focused not on public statements [...]
Thank You to Our Sponsors: Alvarez & Marsal and BDO Consulting
Thank you to Securities Docket website sponsors Alvarez & Marsal and BDO Consulting. Interested in becoming a Securities Docket sponsor? Click here. For 25 years, Alvarez & Marsal has set the standard for working with organizations to tackle complex issues, boost performance and maximize value for stakeholders. Alvarez & Marsal Dispute Analysis & Forensic Services [...]
Securities Docket News Wire for April 16, 2009
Court Grants Motion for Reconsideration, Re-Opens Vodafone Securities Class Action. http://bit.ly/OLWyu #sdx # Report: U.S. Senate Banking Committee to Hold Hearing in May Examining SEC’s Enforcement Division. http://bit.ly/iFxI8 #sdx # Spain: Telefonica SA Chairman Cesar Alierta Flatly Denies Insider Trading Charges. http://bit.ly/SsR7 #sdx # Mass. U.S. Attorney Michael Sullivan to Resign Sunday, Enter Private Practice. [...]
Court Grants Motion for Reconsideration, Re-Opens Vodafone Securities Class Action
On April 9, 2009, US District Judge P. Kevin Castel of the SDNY granted plaintiffs’ motion for reconsideration and re-opened the securities class action against Vodafone, which has been dismissed in November 2008. Judge Castel stated that the initial November 24 order granted the defendants’ motion to dismiss for lack of subject matter jurisdiction because [...]
Report: U.S. Senate Banking Subcommittee to Hold Hearing in May Examining SEC’s Enforcement Division
The U.S. Senate Banking Subcommittee on Securities will reportedly hold a hearing in May to examine the U.S. Securities and Exchange Commission’s Division of Enforcement. Citing a “source familiar with the matter,” Reuters reports that the subcommittee on securities will examine a new government report on the Division of Enforcement. Reuters reports that last year, [...]
Spain: Telefonica SA Chairman Cesar Alierta Flatly Denies Insider Trading Charges
In his criminal trial for insider trading that began this week (previously discussed here), Telefonica Chairman Cesar Alierta boldly denied the charges against him, stating “I didn’t buy one share of Tabacalera, either directly or indirectly, in 1997.” He testified that the charges were the result of a prosecutor that “did not properly understand the [...]
Andrew Rossman Joins Quinn Emanuel in New York
Andrew Rossman has joined law firm Quinn Emanuel Urquhart Oliver & Hedges as a partner in its New York office, the AmLaw Daily reports. Rossman joins Quinn Emanuel from Akin Gump Strauss Hauer & Feld, where he was the former co-head of litigation. He focuses his practice on complex commercial litigation, including class and derivative [...]