Jan. 27 Webcast Materials
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInApril 2009
You are browsing the archive for April 2009.
Mass. U.S. Attorney Michael Sullivan to Resign Sunday, Enter Private Practice
Michael J. Sullivan, the United States Attorney for the District of Massachusetts, announced yesterday that he plans to resign his post at midnight on Sunday to pursue a private law practice in Boston. Sullivan has served as U.S. Attorney for the past 7 1/2 years. A spokeswoman for Sullivan told the Boston Globe only that [...]
Securities Docket News Wire for April 15, 2009
Germany: BaFin Deepens Insider Trading Investigation Related to Premiere AG Securities. http://bit.ly/3nP1lo #sdx # Lehman Bros. Bankruptcy Legal Bill Now Over $84 Million and Counting. http://bit.ly/3Anyu8 #sdx # SEC’s Schapiro: “Intense Review” of Rating Agencies Needed. http://bit.ly/md3y #sdx # Three Excellent Upcoming Webcasts on SEC Enforcement Issues. http://bit.ly/1LPxgL #sdx # UK: High Court Ruling Not [...]
Germany: BaFin Deepens Insider Trading Investigation Related to Premiere AG Securities
BaFin, Germany’s financial services regulator, anounced today that it has deepened its investigation into possible insider trading in shares of Premiere AG. The WSJ reports that the BaFin investigation relates to an October 2, 2008 press release from Premiere AG release in which it announced that it expected a 2008 operating loss and restated its [...]
Three Excellent Upcoming Webcasts on SEC Enforcement Issues
Over the next three weeks, Securities Docket has three outstanding webcasts lined up on different aspects of SEC Enforcement. The webcasts will feature current and former leaders of the SEC’s Enforcement efforts, as well as the DOJ, who will examine the extraordinary changes afoot at the SEC and the impact they are already having and will have on corporations, hedge funds, attorneys, “gatekeepers,” and others in the U.S. and worldwide.
UK: High Court Ruling Not Friendly to Expansion of Class Actions
Last week in the UK, Sir Andrew Morritt, the chancellor of the High Court, issued a ruling that appears to undercut recent recommendations that “group litigation” be promoted in the UK. TheLawyer.com reports that in December 2008, the Civil Justice Council recommended that the group litigation model (GLO) be reformed in England and Wales to [...]
Australia: “Bullied and Harassed” CFO Turns to Insider Trading
In Australia, Mukesh Panchal, the former CFO of Queensland Gas Company, pleaded guilty to four criminal charges of inside trading. The Brisbane Times reports that Panchal bought 418,148 shares in QGC at a price of $1.3 million while knowing that an important alliance with British Gas to produce and market liquefied natural gas was about [...]
April 28 Webcast — Inside the SEC Enforcement Division: Current and Former SEC and DOJ Prosecutors Discuss Important Changes Ahead
On April 28, 2009, KPMG Forensic is sponsoring a webcast entitled “Inside the SEC Enforcement Division: Current and Former SEC and DOJ Prosecutors Discuss Important Changes Ahead” that will feature George Curtis, the Deputy Director of the SEC’s Division of Enforcement. Curtis, Pam Parizek of KPMG Forensic, and David Seide of the law firm Curtis, Mallet-Prevost, Colt & Mosle LLP will lead a discussion on the extraordinary challenges now posed to the financial markets and individual investors, the steps being taken by the SEC’s Division of Enforcement to address them, and the significant impact these changes will have now and in the future.
Securities Docket News Wire for April 14, 2009
How the New SEC Enforcement Director Can Help Restore Investor Confidence. http://bit.ly/6Rlc #sdx # Report: New York and SEC Investigating Payments by Carlyle Group and Others to Pension Fund Placement Agents. http://bit.ly/ypfx #sdx # Creditors File Bankruptcy Petition Against Madoff. http://bit.ly/19ubJW #sdx # Tenth Circuit Denies Nacchio’s Request to Remain Free on Bail, Orders Him [...]
How the New SEC Enforcement Director Can Help Restore Investor Confidence
Following the avalanche of criticism the SEC has received in the wake of the Bernard Madoff case (some fair, some unjustified), new SEC Enforcement Director Robert Khuzami steps into an extremely challenging and high-profile situation. It will immediately require every bit of his legal, management, and public relations skills. He’s going to need to hit the ground running and perform at the highest level from Day 1.
Perhaps the most significant problem the Enforcement Division now faces, however, is a public relations problem.