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Join the Securities Litigation and Enforcement Group on LinkedInSEC Administrative Law Judge Rejects Recommended Discipline Against SEC Officials in Both Pequot and Bear Stearns Matters
The ruling does not yet appear to be available online but the AP reports that on Friday, the SEC’s chief administrative law judge, Brenda Murray, rejected the recommendations by SEC Inspector General H. David Kotz that SEC officials be disciplined in two separate cases. Murray reportedly declined to order any discipline in connection with the […]
Web Watch: Best Blog Posts and Columns for Week Ending Nov. 7
Here is the weekly summary for Securities Docket’s Web Watch (“This Week’s Best Blog Posts and Columns”): * DAVID B. RIVKIN JR. and BRUCE D. BROWN, WSJ EDITORIAL (Nov. 7, 2008): The SEC Should Leave Journalists Alone. Attorneys for writer Porter Stansberry argue that publishers should be outside the scope of securities regulation. * […]
Further Details on Deloitte’s Lawsuit Against its Former Vice Chairman
Ryan Blitstein of the Huffington Post has an excellent article following up on the complaint filed by Deloitte against Thomas P. Flanagan, a 30-year partner and vice chairman with the firm, alleging insider trading (previously discussed on Securities Docket here and here). Among the interesting tidbits in Blitstein’s article are the following: Flanagan was a […]
Termination of Mannatech Investigation Shows Power of SEC’s Wells Process
As I discuss in my Enforcement Action blog (click here) over at Compliance Week, the recent announcement by Mannatech Inc. concerning the termination of an SEC investigation against it is a good reminder of the power of the SEC’s “Wells process.”
Australia: Litigation Funder IMF (Australia) Ltd. Sees Earnings Surge
As most public companies continue to get hammered, one company in Australia reports that earnings are surging. IMF (Australia) Ltd., the dominant class action litigation funder in Australia, told shareholders at its annual general meeting that net profit in fiscal 2009 was expected to come in at $20 million, following $17.16 million the prior year, […]
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