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SEC to Distribute $78 Million in AIM Settlements
The SEC announced today the Fair Fund distribution of more than $78 million to more than 590,000 investors who were affected by undisclosed market timing in certain AIM mutual funds. The agency stated that the distribution is the result of a prior SEC enforcement action against AIM Advisors, Inc., which advised the funds, and AIM [...]
Distribution of Enron settlement funds begins today
The University of California announced today that the distribution of the over $7 billion settlement fund in the Enron securities class action has begun. The University of California serves as lead plaintiff for Enron investors in the class action, and is represented by the law firm Coughlin Stoia. The school announced that today’s distribution is [...]
SEC Seeks Approval to Distribute $95 Million in Adelphia Communications Settlements
The SEC announced today that it has filed a motion in its case against Adelphia Communications Corp. seeking an order authorizing the distribution of $95 million plus accrued interest (the “SEC Fund”). The SEC Fund is currently being held in the court’s registry pursuant to the procedures adopted by the DOJ with respect to the [...]