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.
Hong Kong: Insider Trading Trial Takes Unusual Turn
The high-profile insider trading case in Hong Kong against former Morgan Stanley managing director Du Jun took an unexpected turn today when it emerged that Morgan Stanley compliance officers approved the trades of Du Jun at issue due to confusion as to the name of the security involved. The FT reports that in February 2007, [...]
U.S. Supreme Court Grants Cert. in Case Challenging Constitutionality of PCAOB
In a hotly-contested case that has been discussed here in several posts, The U.S. Supreme Court agreed to consider a constitutional challenge to the Public Company Accounting Oversight Board (PCAOB), the auditing industry’s watchdog. The Supreme Court stated today that it will hear arguments that the 2002 Sarbanes-Oxley Act that created the PCAOB violates the [...]
SEC Begins Distribution of $267 Million from Bear Stearns Fair Fund
The SEC announced on Friday that it has commenced a $267 million Fair Fund distribution to mutual funds and mutual fund shareholders who were harmed by late trading and market timing that occurred through Bear Stearns. Bear Stearns was charged by the SEC in a 2006 enforcement action. Friday’s disbursement of more than $216 million [...]
Securities Docket A.M. News Wire for May 18, 2009
Stanford’s court-appointed receiver seeks $20 million fee, FSA hires PwC to probe conduct of RBS bosses, federal judge rejects portion of WaMu shareholder lawsuit, and more.
Securities Docket Now Available on Amazon Kindle
Securities Docket is now available on the Amazon Kindle.
Securities Docket A.M. News Wire for May 17, 2009
SEC Announces First Distribution From $267 Million Bear Stearns Fair Fund. http://bit.ly/QMk6R # Judge Raps Plaintiffs Counsel, Dismisses Securities Class Action Against Washington Mutual. http://bit.ly/9R89S # Hudson Highland Group Receives Wells Notice From SEC. http://bit.ly/hWVQR # Obama Picks Preet Bharara and Paul Fishman as U.S. Attorneys for SDNY, NJ. http://bit.ly/IB8rz # Ex-Ernst Partner Guilty of [...]
Securities Docket A.M. News Wire for May 16, 2009
Web Watch: Best Blog Posts and Columns For the Week Ending May 15. http://bit.ly/fV8dk # SEC Files Settled Options Backdating Case Against Former VP of KB Home. http://bit.ly/Ox68N # German association of small shareholders alleges that ex-Premiere bosses engaged in insider trading. http://bit.ly/DPUzq # Police arrest two in probe of UK hedge fund Weavering Capital. [...]
Web Watch: Best Blog Posts and Columns For the Week Ending May 15
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): GLOBAL GLIMPSES (May 15, 2009): Europe Rules Out “No Comment” on Leaks European companies could find it harder to deflect media reports and market rumors with a blanket “no comment” under new guidance from securities regulators. STEVEN M. [...]
Another Defendant Pleads Guilty in “Golden Goose” Insider Trading Case
Another defendant has pleaded guilty in the “Golden Goose” insider trading case. Frederick Bowers, a former salesman at Lehman Bros., pleaded guilty yesterday to federal charges that he traded on stock tips gleaned from the wife of his colleague, Matthew Devlin. Bloomberg reports that Bowers pleaded guilty to conspiracy and securities fraud and agreed to [...]