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You are browsing the archive for May 2009.
Securities Docket A.M. News Wire for May 31, 2009
Can Connecticut Stay Hedge-Fund Haven? http://bit.ly/ANPln # Arkansas securities class action lawyer Gene Cauley on verge of pleading guilty to two felonies. http://bit.ly/QK7Wy #
Securities Docket A.M. News Wire for May 30, 2009
Judge OKs class action settlement with 2 ex-Qwest executives. http://bit.ly/GeATy # Web Watch: Best Blog Posts and Columns For the Week Ending May 29. http://bit.ly/1wgtE # SEC Files Case Alleging Illegal Payments to Agents in Egypt. http://bit.ly/wznzv # UK: FSA’s enforcement division has grown to 343 people, up from just 200 in 2005. http://bit.ly/2lJtpl # [...]
Web Watch: Best Blog Posts and Columns For the Week Ending May 29
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): HARVARD LAW SCHOOL FORUM ON CORP GOV (May 29, 2009): Institutional Monitoring Through Shareholder Litigation Paper finding that securities class actions with institutional owners as lead plaintiffs are less likely to be dismissed and have larger monetary settlements [...]
Australian Business Man Accuses Merrill Lynch of Massive Insider Trades
Down under, Merrill Lynch and one of its subsidiaries face allegations from a Sydney businessman that they engaged in what would reportedly be “the biggest case of insider trading in [Australia's] corporate history.” Full details are available in this post on my Enforcement Action blog over at Compliance Week.
Copy of Mark Cuban’s Complaint for Declaratory and Injunctive Relief Against SEC
A copy of Mark Cuban’s Complaint for Declaratory and Injunctive Relief filed yesterday against the SEC and seeking the production of numerous documents under FOIA is available here. As an aside, the case has been assigned to Judge Reggie B. Walton, who, as I have noted before, you really don’t want to mess with! Read [...]
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 A.M. News Wire for May 29, 2009
Conrad Black applies to Supreme Court for bail; FSA’s Cole Targets Insider-Trading; Mark Cuban Files His Own Lawsuit Against SEC Seeking Order to Produce Documents; Pequot Insider Trading Investigation Leads to Demise of Firm; and more.
Mark Cuban Files Lawsuit Against SEC Seeking Order to Produce Documents
In the latest development in Mark Cuban’s ongoing battle with the SEC, Cuban has reportedly filed his own lawsuit against the agency alleging that it is unlawfully withholding documents about its insider trading probe of him. Bloomberg reports that Cuban’s complaint filed today in federal court in D.C. seeks a court order to force the [...]
Pequot Insider Trading Investigation Leads to Demise of Firm
Certain trades that occurred at Pequot Capital Management in 2001 in advance of General Electric’s acquisition of Heller Financial have now reportedly led, after nine investigations, to the demise of Pequot Capital itself. Full details are available in this post on my Enforcement Action blog over at Compliance Week.
U.S. Attorney Jeffrey Taylor to join Ernst & Young in D.C.
U.S. Attorney for the District of Columbia Jeffrey Taylor will join Ernst & Young as the Americas leader of the Fraud Investigation & Dispute Services area, the Blog of the Legal Times reports. Taylor announced his resignation today, effective tomorrow, and will reportedly join Ernst & Young’s Washington, D.C. office next month. Read the Blog [...]