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Join the Securities Litigation and Enforcement Group on LinkedInSecurities Docket News Wire for Dec. 5, 2008
Wachtell weighs in on NY court’s rejection of shareholder challenge to JPMorgan rescue of Bear Stearns. http://is.gd/anyL # SEC adds “Restacking Project” to its long list of challenges. Reshuffling 1900 employee offices in its DC HQ building. http://is.gd/alSS # Poor drafting of India’s new Insider Trading Regs may mean no penalties for violating bar on […]
Web Watch: Best Blog Posts and Columns For the Week Ending Dec. 4
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): The HLS CORP. GOV. BLOG (DEC. 5, 2008): New York Court Rejects Shareholder Challenge to JPMorgan Rescue of Bear Stearns Wachtell lawyers write that the decision is a strong endorsement of the protections that the business judgment rule […]
The SEC Weighs in on the First Circuit’s Decision in Tambone Case
As previously discussed here briefly, on December 3, 2008, the First Circuit reversed the District of Massachusetts’ dismissal of an SEC enforcement action against two former executives of Columbia Funds. I discuss the case in greater detail in this post (click here) on my Enforcement Action blog over at Compliance Week. Read the SEC’s Litigation […]
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Add the “Restacking Project” to the SEC’s List of Challenges
The SEC has countless things that it needs to accomplish right now but its going to need to do so while living out of boxes. The SEC’s latest challenge is an ill-timed, six-month, $4.1 million “Restacking Project” that involves a reshuffling of offices for nearly all of the 1,900 SEC employees at its 3-year-old DC […]
Reserve Primary Fund Threat “Ices” Shareholder Claims
The Reserve Primary Fund, the money market fund that “broke the buck” and quickly became a defendant in numerous securities class actions, has presented its litigious shareholders with a choice: be patient and perhaps receive 98.5 cents for each dollar they had in the money market fund; or continue with their lawsuits against the fund […]