‘Enforcement 40’ for 2020
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By Securities Docket on September 16, 2008, 11:09 pm
As I discuss in this post on my Enforcement Action blog over at Compliance Week, sometimes getting the “last laugh” on the SEC isn’t all that it’s cracked up to be.
By Securities Docket on September 16, 2008, 9:21 pm
Charles J. Clark, most recently chief counsel of litigation at Capital One Financial Corp., and a former Assistant Director in the SEC’s Division of Enforcement, has joined Kirkland & Ellis as a partner in the firm’s Washington office. The firm announced that Clark will join its white collar defense and securities enforcement practice. Clark served […]
By Securities Docket on September 16, 2008, 2:50 pm
NY AG Andrew Cuomo’s office announced today that Credit Suisse Group will buy back $548 million in auction-rate securities and pay a $15 million fine to settle the AG’s probe concerning the company. The AP reports that with this settlement, Credit Suisse joins institutions including Fidelity Investments, Merrill Lynch, Deutsche Bank, Goldman Sachs Group, UBS […]
By Securities Docket on September 16, 2008, 10:48 am
by Bruce Carton What happens to D&O coverage if AIG goes under? The short answer is that I don’t know and I’m looking for answers over at my Enforcement Action blog at Compliance Week. Please weigh in there if you have any insights.
By Securities Docket on September 16, 2008, 9:58 am
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By Securities Docket on September 16, 2008, 9:17 am
Talk about timing. As noted in our Events section (see the tab at the very top of the page), ALI-ABA’s conference entitled “The Subprime Mortgage Crisis: From A to Z” begins on Thursday in Washington, DC. Do you think they’ll be able to find anything to talk about?
By Securities Docket on September 16, 2008, 9:03 am
In India last week, the Supreme Court upheld a sectoral tribunal’s ruling that found the CFO of Wockhardt, Rajiv B. Gandhi, and others guilty of insider trading. The court rejected Gandhi’s plea challenging the judgment of the Securities Appellate Tribunal, which had in turn refused to set aside a penalty imposed by the Securities and […]
By Securities Docket on September 16, 2008, 6:50 am
The “Directorship 100,” which seeks to identify the 100 “Most Influential People on Corporate Governance and in the Boardroom,” was announced yesterday, and it includes many individuals who are key figures in the securities litigation and enforcement arena, as well. The list includes: Christopher Cox, Chairman of the SEC Mary Shapiro, CEO of FINRA Robert […]
By Securities Docket on September 16, 2008, 6:31 am
Natural Health Trends Corp. (BHIP) announced yesterday that the SEC has completed its investigation of the company and others and notified the company by letter dated September 12, 2008, that it does not intend to recommend any enforcement action against the company itself. On September 4, 2008, the SEC announced that it filed settled enforcement […]
By Securities Docket on September 16, 2008, 6:14 am
Yesterday, the SEC charged American Italian Pasta Company (AIPC) and certain former senior executives with engaging in a fraudulent accounting scheme to artificially increase the company’s stock price and mislead investors about the company’s earnings. Named in the complaint are former CEO Timothy S. Webster, former CFO Warren B. Schmidgall, and former executive VP of […]