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Join the Securities Litigation and Enforcement Group on LinkedInFrom the Bad Ideas File: “Great Wall Street Crashes Walking Tour”
From the Bad Ideas file: For that sad day when you have completely run out of things to do in your life, we present you with the “Great Wall Street Crashes Walking Tour.” According to the AP: The enduring symbols of Wall Street’s fabled, turbulent history are inescapable on this walk through the epicenter of […]
SEC Director of Corp. Fin. John White Leaving to Rejoin Cravath
The SEC announced today that John W. White, Director of the Division of Corporation Finance, will leave the agency at the end of this year to rejoin Cravath, Swaine & Moore LLP as a partner in its New York office. Prior to coming to the SEC in March 2006, White had been a partner at […]
Democrats Planning Immediate and Major Revamp of Financial Markets Regulation
A major revamp of the regulation of financial markets is reportedly in Democrat’s immediate plans. The WSJ reports that House Financial Services Chairman Barney Frank said in an interview that a central point of Democrats’ plans would be the creation of a “systemic-risk regulator.” It could have unprecedented powers over a wide range of financial […]
UK: London Lawyers Report Surge in Financial Crisis-Related Litigation
Litigation departments at London’s leading law firms report that they have grown significantly busier in recent weeks with litigation resulting from the financial crisis, the Times Online reports. Jonathan Kelly, a partner at Simmons & Simmons, said that a range of institutional investors have now begun considering legal action as the market starts to settle. […]
Electing to Stand on Your Dismissed Complaint
On September 23, 2008, Judge Irma Gonzalez of the US District Court for the Southern District of California dismissed plaintiffs’ Second Amended Complaint in the securities class action against Neurocrine Biosciences, Inc. The court granted plaintiffs leave to file a Third Amended Complaint within 30 days of its order. On October 31, however, the court […]
Just One More Reason Why Being a White Collar Criminal Defense Attorney Isn’t Easy
How about this for the latest, “21st century-style” reason why it isn’t easy being a white collar criminal defense attorney: One of the jurors in your high-profile trial where your client is convicted may subsequently start a blog and tell the world that the jury’s nickname for you was “Mr. Burns” from The Simpsons. Read […]
Web Watch: This Week’s Best Blog Posts and Columns
There have been so many great securities litigation-related columns out there recently that deserve attention that we’ve tweaked and renamed the “Blog Watch” section on the home page to now be “Web Watch: This Week’s Best Blog Posts and Columns.” In that space we will link to and briefly summarize the best blog posts and […]
U.S. Does Not Support Global Financial Market Regulator
On November 14-15, the leaders of 20 countries will meet in Washington, DC for an emergency summit meeting on the financial crisis. In advance of the meeting, a senior Bush administration official told the NY Times yesterday that the US did not support the idea of a new international market regulator with cross-border authority. “This […]