Daily Archives: October 23, 2008, 6:19 pm

SEC, With the “PIPE,” in the Study

Yes, the title of this post is a weak “Clue” reference, sorry. Earlier this week the SEC brought the latest in a growing string of “PIPE” (“private investment in public equity”) insider trading cases. I discuss these cases, including the recent case filed against Brian Ladin of the Bonanza Master Fund Ltd. hedge fund, in a post on my Enforcement…

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SEC Chairman Cox: “If the SEC Did Not Exist, Congress Would Have to Create It”

This morning, SEC Chairman Christopher Cox provided lengthy testimony concerning the role of federal regulators to the House Committee on Oversight and Government Reform. He delivered an impassioned statement about the need for the SEC to remain a strong, independent regulator and enforcer of the securities laws in the future, stating that “If the SEC did not exist, Congress would…

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Sponsorship Information for Securities Docket

Securities Docket provides a unique opportunity for sponsors to reach securities litigators, SEC enforcement counsel, and white collar counsel in the United States and around the world. Featured prominently on every page of the publication, our sponsors receive unparalleled visibility in front of this notoriously hard-to-reach audience, visibility that simply cannot be duplicated in any other forum that exists today.…

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Thank You to Our Sponsors

Thank you to Securities Docket sponsor Citizens Bank. Citizens is the only bank in the country with a specialized group for class action and regulatory settlements. It offers a full range of financial services to law firms, regulators and claims administrators. Interested in becoming a Securities Docket sponsor? Click on the “Sponsorship Information” link at the top of the page…

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SDNY Dismisses Securities Class Action Against Optionable Inc.

U.S. District Judge Lewis A. Kaplan of the Southern District of New York has dismissed a securities class action lawsuit against Optionable Inc., the company announced. The lawsuit alleged that Optionable executives made false and misleading statements about the company’s revenues, the quality of its brokerage services and other matters.  According to the company, Judge Kaplan Kaplan dismissed the case…

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Australia: Slater & Gordon Bringing Securities Class Action Against GPT Group

Australian law firm Slater & Gordon will launch a securities class action against Sydney-based troubled property company GPT Group, The Age reports.  The case will allege that GPT’s board provided misleading and deceptive earnings guidance and that GPT subsequently failed to comply with its continuous disclosure obligations by informing the Australian Securities Exchange as its forecast earnings deteriorated.  On July…

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Professor Arthur Miller Joins Milberg as Special Counsel

Arthur R. Miller, a well-known professor at Harvard Law School for 36 years and currently a professor at New York University, has joined law firm Milberg LLP as Special Counsel. He will be resident in Milberg’s New York headquarters and will head the firm’s appellate practice, while retaining his post at NYU, the firm announced on Wednesday. Miller is well known for his…

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“Germany’s Dumbest Bank” Raided by Prosecutors and Police Over Lehman Bros. Debacle

German state-owned bank KfW, in business for over 60 years, saw its Frankfurt headquarters raided yesterday by German prosecutors and police yesterday over “suspected criminal breach of trust,” The Guardian reports.  The investigation is looking into whether the bank’s executives acted criminally in allowing KfW to transfer €319m (approximately $426 million) to Lehman Brothers on September 15, the day it…

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