Daily Archives: January 28, 2009, 11:20 pm

Jabil Circuit Announces Dismissal With Prejudice of Securities Class Action

Jabil Circuit (JBL) announced yesterday that on Monday, the U.S. District Court for the Middle District of Florida, Tampa Division dismissed with prejudice the securities class action that was previously filed against Jabil, KPMG LLP, and Jabil’s directors and certain of its current and former officers.  The company stated that the litigation initially arose as a result of a Wall…

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Sen. Schumer: Move SEC’s OCIE to New York

As I noted here in my running account of the Senate Banking Committee hearing in the Madoff case, Sen. Chuck Schumer made a brief comment yesterday about physically moving the staff of the SEC’s Office of Compliance, Inspections and Examinations from Washington, DC to New York that is worth keeping an eye on. As further discussed today in the NY…

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FCPA Enforcement: Top Ten Trends for 2009

Via the wrageblog we came across the following quite interesting post entitled “FCPA Enforcement: Top Ten Trends for 2009.”  The list comes from the DOJ’s Mark Mendelsohn at an anti-corruption conference in Frankfurt yesterday that included speakers from the DOJ, SEC, and prosecutors from Germany, the United Kingdom, Jersey and Switzerland. The Top Ten Trends for 2009: 1. The level…

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Santander Offers to Repay Madoff Victims in its Optimal Strategic US Equity Fund

Yesterday, Spain’s Banco Santander became the first institution to offer to repay victims in the alleged Madoff fraud, as it attempted to avoid lawsuits. FT reports that Santander offered to “pay back 100 per cent of the investments made in the Optimal Strategic US Equity fund, which was wholly invested with Mr Madoff, to individual private banking clients but not…

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