Jan. 27 Webcast Materials
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInMay 2009
You are browsing the archive for May 2009.
UK: FSA Prepares to Bring High-Profile Case vs. Two Lawyers From U.S.-Based Law Firms
The UK’s newly-aggressive Financial Services Authority (FSA) is pursuing another high-profile insider trading case, as reports emerged today that a partner at the London office of Dorsey & Whitney and a former partner of McDermott Will & Emery will be charged criminally next month with insider trading.
Securities Docket A.M. News Wire for May 20, 2009
U.S. Considers Stripping SEC of Certain Powers in Regulatory Overhaul, Richard Scrushy to Testify Today in Civil Case, U.S. Attorney Picks Under Way, Court Approves Distribution of $843 Million to AIG Investors from SEC, and more.
Court Approves Distribution of $843 Million to AIG Investors from SEC Fair Fund
The SEC announced today that a federal court has approved the distribution of more than $843 million to investors in American International Group, Inc. from a Fair Fund that the SEC established after the company’s settlement of an SEC enforcement action for accounting fraud. The court-appointed distribution agent for the AIG Fair Fund estimates that [...]
Sigal Mandelker Joins Proskauer Rose in New York
Sigal P. Mandelker has joined law firm Proskauer Rose as Senior Counsel in its New York office. The firm announced today that Mandelker has joined its Corporate Defense & Investigations Practice Group. Her practice focuses on corporate criminal defense and SEC and other regulatory matters, as well as congressional investigations. Mandelker formerly clerked for Supreme [...]
Singapore: Biosensors Exec Admits to Insider Trading, Fined $77,000
Ms. Chua Yang Foo, a senior executive of manufacturing company Biosensors, has been fined $77,000 by the Monetary Authority of Singapore for insider trading. Chua admitted selling the company’s shares while in possession of material, non-public information that she obtained through her position in Biosensors, Straits Times reports. Biosensors, which is listed on the Singapore [...]
Help Wanted at the SEC: Chief Accountant of the Division of Enforcement
Want to be the Chief Accountant at the SEC’s Division of Enforcement? Well, then you have less than two weeks to get your application in for this job posting yesterday that closes on June 1, 2009. According to the USAJOBS post, the Chief Accountant in the Division of Enforcement is responsible for initiating, planning, developing, [...]
Jury Finds Former E&Y Partner Guilty of Insider Trading
On Friday, a jury in federal court found former Ernst & Young lawyer and partner James Gansman guilty of insider trading. Prosecutors alleged that Gansman, who ran an E&Y department that advised companies on human resources issues during mergers and acquisitions, passed information about seven forthcoming takeovers to a friend who used the details to [...]
Securities Docket A.M. News Wire for May 19, 2009
Probe into possible Madoff accomplices, Conrad Black case accepted by Supreme Court, Madoff Trustee Seeks $3.2 Billion From Fairfield Greenwich Group, and more.
WSJ: Gene Cauley to Plead Guilty to Criminal Charges
Well-known plaintiffs’ lawyer Gene Cauley has agreed to plead guilty to one count of wire fraud and one count of criminal contempt for “failing to safely hold” $9.3 million in settlement money he was holding for clients. The WSJ Law Blog reports that in an Arkansas Supreme Court filing Cauley made on May 9, he [...]
Options Backdating Cases Not Dead Yet
There were rumblings near the end of 2008 that the SEC’s interest in options backdating was winding down, but the last few days have seen a new surge in such cases. On May 14, the SEC filed a settled backdating enforcement action against Gary A. Ray, the former VP of human resources at L.A.-based homebuilder [...]