Monthly Archives: November 2008

Web Watch: Best Blog Posts and Columns For the Week Ending Nov. 30

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 filings following WorldCom. ROBERT STEINBACH,…

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Securities Docket News Wire for Nov. 29, 2008

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 #

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Securities Docket News Wire for Nov. 28, 2008

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 # N. Car. AG asserts…

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Australia: Lawyers Foresee Lawsuits Over Companies Rejecting Takeover Bids

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 takeover bid. “There’s no question…

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