Securities Docket News Wire for Dec. 8, 2008

  • Court names Mark Pomerantz of Paul Weiss Rifkind Wharton & Garrison as receiver to protect Dreier LLP’s assets. http://is.gd/aN6j #
  • Senate unanimously confirms NY prosecutor Neil Barofsky as special IG and watchdog over Treasury’s $700 billion rescue. http://is.gd/aMJH #
  • Australia: More than 1/3 of investors in Firepower join possible class action vs. financial advisers who recommended it. http://is.gd/aMGY #
  • SEC Complaint against Marc Dreier now available here. http://is.gd/aIYU #
  • Copy of federal indictment of Marc Dreier released and available here. http://is.gd/aIGS #
  • Breaking: SEC Brings Fraud Action Against Marc Dreier With Numerous Details of Alleged Scheme. http://is.gd/aIl3 #
  • PCAOB Report on 2004-2007 Inspections of Largest Audit Firms. http://is.gd/aIaS #
  • PCAOB report shows 8 largest auditors failed to use enough professional skepticism in their audits of financ. statements. http://is.gd/aI8b #
  • Two rulings last week in subprime fraud class actions denying motions to dismiss reverse trend, go the plaintiffs’ way. http://is.gd/aHqD #
  • Dreier LLP’s Marc Dreier Arrested in Canada in Bizarre Impersonation Case, 250-Attorney Firm’s Future in Doubt. http://is.gd/aFUQ #