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Three important items from the long weekend that may have gotten overlooked and merit a quick update.
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): DAVID I. MICHAELS, UNIV. OF ARKANSAS (Nov. 30, 2008): Empirical Study of Securities Litigation after WorldCom Paper concluding that there has been a statistically significant rise in Section 11 class action flings relative to Rule 10b-5 class action […]
Since our launch in September 2008, Securities Docket has been visited by readers in over 100 different countries. In recognition of this global interest, and in pursuit of our mission to be the Global Securities Litigation and Enforcement Report, Securities Docket is now available in eleven additional languages.
Mark Cuban has apparently devoted some time, like us, to reading the SEC IG’s Semiannual Report to Congress over this holiday weekend. And he has some thoughts about it that he is very happy to share with you on his “blog maverick” blog.
SEC IG report: Current system to report ownership/trading of securities insufficient to prevent and detect insider trading by SEC employees # SEC’s Office of Inspector General Semiannual Report to Congress available online. http://www.sec.gov/about/oig/audit/2008/seminov08.pdf # SEC discloses IG investigations of two of Its own after suspicious volume of trades. http://is.gd/9uoT #
The deadline for Enron shareholders to file a claim for their share of the $7.2 billion Enron securities class action settlement has come and gone, but shareholders are now receiving new notices to submit claims in the SEC’s separate $450 million settlement in its Enron cases. As discussed by the Houston Chronicle, the SEC settlement […]
What if you documented every bad thing that your family did during the year, every grievance you looked into, every poor decision someone in the family made, and every family rule that was broken or even allegedly broken? Well, if you turned that document into a report and your family was the U.S. Securities and […]
SEC begins sending out notices to investors about $450 million Fair Fund distribution in its Enron settlement. http://is.gd/9qMQ # Securities Docket’s “Black Book” Now Available Online. http://is.gd/9oOv # Australia: Many potential lawsuits involving rejection of takeovers under investigation by litigation funders. http://tinyurl.com/67ce8o # South Korea: Taekwang CEO’s home, office raided in insider trading probe. http://is.gd/9nvM […]
Last week I had a discussion with the publisher of a major legal information service. “You don’t realize it yet,” I told him, “but your publication will eventually be on Twitter. You need to take 30 seconds and register your company’s name on Twitter before someone takes it and makes your life complicated down the […]
In Australia, boards of directors that reject takeover bids where their company subsequently collapses face possible lawsuits from investors. The Australian quotes Slater and Gordon class actions head James Higgins as stating that it is only a matter of time before a target company is sued by dissenting shareholders over a decision to rebuff a […]