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You are browsing the archive for July 2009.
Michael Piazza Joins Greenberg Traurig in Orange County
Michael Piazza has joined law firm Greenberg Traurig, LLP as a partner in its Orange County office. The firm announced today that Piazza has joined the firm’s securities litigation practice group as head of the Orange County office’s practice. Piazza is a former Regional Trial Counsel for the Los Angeles office of the SEC. He [...]
Hong Kong: Former Inv. Banker, Hedge Fund Manager Jailed After Pleading Guilty to Insider Trading
In Hong Kong, a court has sentenced Allen Lam, former investment banking director at Hong Kong-based CLSA, to six month in jail for insider trading. Lam allegedly tipped off Ryan Fong, former hedge fund manager at HSZ, on a takeover bid for Media Partners. Fong was sentenced to a year in prison and fined HK$1.37 [...]
July 21 Webcast – Securities Litigation Issues Facing Institutional Investors
Tomorrow, July 21, 2009, Riskmetrics Group’s Securities Class Action Services will sponsor a webcast entitled “Securities Litigation Issues Facing Institutional Investors.” The webcast will feature a dynamic panel of securities litigation experts who will examine the fiduciary duties of institutional investors and discuss significant topics, such as: Monitoring the portfolio: When and why you would [...]
Securities Docket A.M. News Wire for July 20, 2009
Cuomo says Schwab faces fraud suit over its marketing and sales of auction-rate securities to clients; Celebrities lose out in ‘British Bernie Madoff Ponzi fraud;’ More foreign companies named as defendants in US securities class action suits; South Africa: FSB fines former Remgro man on insider trading; Saudi Arabia: Fund manager hit with ban for insider trading; Hong Kong: Two jailed for insider trading; Ireland: Shareholders join forces to keep eye on investments; UK: Tories would scrap FSA if elected.
Securities Docket A.M. News Wire for July 18, 2009
Web Watch: Best Blog Posts and Columns For the Week Ending July 17. http://bit.ly/uwPQk # SEC on dismissal of Mark Cuban case: “We are reviewing the court’s ruling and weighing our options.” http://bit.ly/8FDbD # Four offshore hedge funds sued to recover $870 mn by Madoff trustee. http://bit.ly/aa5DJ # FOX Business Video: Madoff Accountant David Friehling [...]
Web Watch: Best Blog Posts and Columns For the Week Ending July 17
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): THE RACE TO THE BOTTOM (July 17, 2009): SEC v. Cuban: Case Dismissed (The Analysis) The trial judge dismissed the Cuban case because the confidentiality agreement alleged to have been executed by Cuban did not inclue a ban [...]
FOX Business Video: Madoff Accountant David Friehling Pleads Not Guilty
FOX Business News’ Adam Shapiro reports in this video that in a surprise development today, Madoff accountant David Friehling pleaded not guilty to fraud charges. Watch the latest business video at <a href=”http://video.foxbusiness.com/” mce_href=”http://video.foxbusiness.com/”>FOXBusiness.com</a>
Court in Cuban Case: SEC Failed to Allege Agreement Not to Trade on Info in Question
As previously discussed here, U.S. District Judge Sidney A. Fitzwater dismissed the SEC’s insider trading case against Dallas Mavericks owner Mark Cuban this morning. A copy of the Court’s Order is available here. In his ruling, Judge Fitzwater found that the SEC failed to adequately allege that Cuban agreed with Mamma.com (a) not to disclose [...]
Copy of Order Dismissing SEC’s Insider Trading Case Against Mark Cuban
A copy of U.S. District Judge Sidney A. Fitzwater Memorandum and Order dismissing the SEC’s insider trading case against Dallas Mavericks owner Mark Cuban is available here. Order Dismissing SEC v. Cuban
Spain: Telefonica SA Chairman Cesar Alierta Cleared of Insider Trading Charges
In Spain, Telefónica SA Chairman Cesar Alierta was cleared of insider trading charges today. The WSJ reports that Spanish court documents show that the court cleared Alierta of charges that date back to the late 1990s due to Spain’s statute of limitations laws. Alierta has repeatedly denied any wrongdoing and is “one of Spain’s most [...]