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NY AG Announces Settlement in UBS ARS Insider Trading Case
Former UBS executive agrees to settle NY AG’s insider trading probe for $2.75 million.
Canada: Securities Class Actions Remain Strong in 2009
New NERA study breaks down Canadian securities class actions in 2009.
UK: BAE Settlement Raises More Questions
BAE settlement highlights differences in how UK and US deal with corruption.
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 [...]
House Subcommittee Will Hold Hearing Next Week on Congressional Insider Trading
The House Financial Services Committee announced today that on Monday, July 13, 2009, the Subcommittee on Oversight and Investigations will conduct a hearing on “Preventing Unfair Trading by Government Officials.” The witness list has yet to be determined. The hearing will focus on the issue of insider trading by Congress, which is now the subject [...]
The Full Monty: 150 Years for Madoff
Maybe we should rename it “The Full Bernie?”
71-year-old Bernard Madoff was sentenced to 150 years in prison today for his multibillion-dollar Ponzi scheme. U.S. District Judge Denny Chin issued the sentence today in the Southern District of New York.
CNBC Video: Stanford Arrested in $8B Ponzi Scheme Indictment
CNBC’s Scott Cohn and Hampton Pearson report in this video on the arrest yesterday of Allen Stanford, now in federal custody in Virginia. Stanford was arrested within hours of his indictment Thursday in an alleged $8 billion Ponzi scheme.
Carlyle Group Settles NYAG Pension Probe
The Carlyle Group has agreed to pay $20 million and make broad changes in its practices under a settlement reached with the NY Attorney General, Andrew M. Cuomo, as part of Cuomo’s investigation into corruption of the state pension fund. The NYT reports that under the deal, Carlyle executives and the firm will not face [...]
Michael Edney Rejoins Gibson, Dunn & Crutcher in D.C.
Michael J. Edney has rejoined law firm Gibson, Dunn & Crutcher LLP as of counsel in its Washington, D.C. office. The firm announced yesterday that Edney joins its Litigation Department, and its White Collar Defense and Investigations, Crisis Management, and Appellate and Constitutional Law practice groups. Edney rejoins Gibson Dunn after four years of government service. [...]
John Beisner, Stephen Harburg and Jessica Davidson Miller Join Skadden in D.C.
John Beisner, Stephen Harburg and Jessica Davidson Miller have joined law firm Skadden, Arps, Slate, Meagher & Flom LLP as partners in its Washington, D.C. office. The three new partners join Skadden from O’Melveny & Myers LLP, where Beisner (pictured) chaired the Class Actions, Mass Torts and Aggregated Litigation Practice Group. Together, they have represented [...]