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You are browsing the archive for July 2009.
Please Help Update the “BigLaw Lawyers on Twitter” List
There it sits on its own dedicated page on Securities Docket: “BigLaw Lawyers on Twitter, LAST UPDATED: April 23, 2009.” There was a period in early 2009 where we were adding lawyers and law firms to this list regularly, but that period has obviously come to an end. Curiously, however, it does not seem as [...]
Securities Docket A.M. News Wire for July 13, 2009
China Rattles Investors With Detentions of Rio Tinto Executives. http://bit.ly/gr85a # SEC to take stock of Indian regulator’s Satyam probe progress. http://bit.ly/expsr # Guest Column: Assessing the Madoff Sentence. http://bit.ly/J6vSb # Richard Scrushy’s bankers and brokers told to hand over account data. http://bit.ly/16JITT #
Guest Column: Assessing the Madoff Sentence
Guest columnist Michael L. Martinez, a partner in the Washington office of Crowell & Moring LLP, analyzes two questions arising out of the 150-year sentence handed down to Bernard Madoff: (1) is the length of the sentence appropriate; and (2) how does it compare with other sentences for similar crimes?
Securities Docket A.M. News Wire for July 12, 2009
Saudi clampdown on insider trading is welcome news. http://bit.ly/3KaKDb # President Obama Nominates 6 More U.S. Attorneys. http://bit.ly/xSDyk # Madoff Trustee Seeks Interim Counsel Fees of $15 Million. http://bit.ly/UR0Ex # Mayer Brown Partner Convicted of 5 Counts in $2.4 Billion Federal Fraud. http://bit.ly/iZ1Zf # Canada: Judge rejects class-action by Norbourg shareholders. http://bit.ly/1kg3j1 #
Securities Docket A.M. News Wire for July 11, 2009
Web Watch: Best Blog Posts and Columns For the Week Ending July 10. http://bit.ly/OtQcL # Professor Among Witnesses Invited to Testify at “Preventing Unfair Trading by Government Officials” Hearing. http://bit.ly/3qKCfn # Stanford Appeals Bond Ruling, Also Seeks Different Detention Center. http://bit.ly/L51v8 # SEC Freezes Assets of Illinois-Based Hedge Fund Manager Who Was $2 Bn Feeder [...]
Web Watch: Best Blog Posts and Columns For the Week Ending July 10
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): HOUSTON’S CLEAR THINKERS (July 10, 2009): Is Allen Stanford being railroaded? I recognize that he is not the most popular fellow in Houston investment circles these days, but is anyone else but me a tad uncomfotable that the [...]
Professor Among Witnesses Invited to Testify at “Preventing Unfair Trading by Government Officials” Hearing
Augusta State University professor Brigitte Ziobrowski has been asked to testify before the House Financial Services Subcommittee on Oversight and Investigations on Monday as part of a hearing on “Preventing Unfair Trading by Government Officials.” As previously discussed here, the hearing will focus on the issue of insider trading by Congress, which is now the [...]
Stanford Appeals Bond Ruling, Also Seeks Different Detention Center
Yesterday, Allen Stanford filed an appeal of a judge’s order that he must remain in jail pending his trial on conspiracy and fraud charges. The court ruled that Stanford was a flight risk. In addition, the Houston Business Journal reports, Stanford filed a separate motion requesting that he be transferred from the Joe Corley Dentention [...]
Webcast: 2009 Mid-Year Review (CliffsNotes Version)
Yesterday, Securities Docket hosted a webcast entitled, “2009 Mid-Year Review: Securities Litigation and Enforcement.” Four of the leading bloggers in the field (Kevin LaCroix (The D&O Diary); Tom Gorman (SEC Actions) Francine McKenna (re: the Auditors); and Lyle Roberts (The 10b-5 Daily)) joined me for a look at the events and developments of the first six months of 2009, and provided some very interesting insights. The CliffsNotes version is available here.
Analyst Predicts Chubb May Face Up to $2 Billion in D&O Policy Losses
Barclays Capital analyst Jay Gelb predicts that Chubb Corp. may face as much as $2 billion in D&O policy losses because of a surge in lawsuits brought on by the U.S. economic crisis, and he adds that “Chubb does not appear appropriately reserved in this line.” BestWire Services reports that Barclays believes industry D&O losses [...]