Browse: Home / 2008 / December / 15 / Securities Docket News Wire for Dec. 15, 2008

Securities Docket News Wire for Dec. 15, 2008

By on December 15, 2008, 11:59 pm

  • Financial author Gunther Karger files complaint with Insp. General of the SEC regarding oversight of Bernard Madoff. http://is.gd/bQX5 #
  • Securities class action filed against GSI Group Inc. in D. Mass. http://is.gd/bPLd #
  • Securities class action filed against CBS Corporation in SDNY. http://is.gd/bPKv #
  • SEC Sues National Lampoon, Inc. for Wide-Ranging Market Manipulation Scheme. http://is.gd/bPmE #
  • Why did magistrate judge Douglas Eaton let Madoff out on bail and deny it for Dreier? http://is.gd/bPlk #
  • Copy of SEC Complaint Against Siemens AG for “Engaging in Worldwide Bribery”. http://is.gd/bPci #
  • The Mount Rushmore of Securities Fraud. http://is.gd/bP5B #
  • Dreier co-founder: 1-equity partner model “presupposes that senior partner is not also one of the biggest con men in recent history.” http://is.gd/bN9z #
  • Madoff Auditor Under Investigation by New York State Prosecutor. http://is.gd/bMSN #
  • Deloitte: 70% of fin. statement frauds led to stock price drops, more than half led to a decline of at least 50 percent. http://is.gd/bM8k #
  • IMAX first Canadian securities class action where court will decide how high to set bar for letting plaintiffs proceed. http://is.gd/bLUx #
  • Madoff tsunami hits Palm Beach: Condos for sale, pawn shop loan seekers offer Ferraris, rings, yachts as collateral. http://is.gd/bLwc #
  • Following Dreier, Madoff arrests, lawyers brace for “prosecutorial hurricane headed into the United States.” http://is.gd/bLtd #
  • Key hearing today in first lawsuit to test amendments to Ontario Securities Act allowing investors to sue company D&O’s. http://is.gd/bKMm #
  • Madoff avoided SEC disclosures of its holdings by selling holdings and having only cash at end of every reporting period. http://is.gd/bKEq #
  • Madoff’s biz fell into regulatory gray zone: he wasn’t a registered inv. adv. until ’06 and wasn’t a formal hedge fund. http://is.gd/bKvZ #
  • Australia: ASIC investigating top BG Group executive for insider trading. http://is.gd/bKrE #
  • Tally of disclosed Madoff losses as of Monday morning stands at $24.1 billion. http://is.gd/bKpd #
  • Funds of funds that “exist solely to evaluate and select third-party fund managers like Madoff” will be legal target. http://is.gd/bKnG #
  • Lawyers say DC has replaced NY as financial epicenter as Obama increases regulatory enf’ment and Treas. doles out funds. http://is.gd/bKkF #
  • Auditors hired by Fairfield Greenwich Group in 2001 to inspect Madoff’s operations found “everything checked out.” http://is.gd/bHFm #
  • International victims of Madoff fraud blame “systemic failure of the regulatory and securities markets regime in the US.” http://is.gd/bHwE #

Posted in | Tagged