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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSecurities Docket News Wire for Jan. 29, 2009
Securities class action filed against Triad Guaranty in the US District Court for the Middle District of N. Carolina. http://is.gd/hJ0G # Santander’s 1.38 Billion Euro Offer to Madoff Victims Pressures Rivals to Match It. http://is.gd/hFex # JPMorgan pulled $250M out of Madoff in late Fall ’08 because “consistency of its performance wasn’t any longer credible.” […]
Netherlands: Appeals Court Sentences Ahold Execs to Suspended Sentences and Fines
On Wednesday, an Amsterdam appeals court sentenced three former executives of Dutch supermarket group Ahold to suspended sentences and fines for financial fraud revealed by the company in 2003. The Ahold fraud is the Netherlands’ biggest corporate accountancy fraud ever, NRC reports, involving the overstatement of profits by almost 1 billion euros. According to NRC, […]
$14 Million Challenge
Offer your answer to the question in the poll, then look below for the answer. And no, you do not get $14 million if you get it right. [polldaddy poll=1323202] Answer is here. All the other choices were $15 million (see here, here and here)
UK: Former Cazenove Banker Ordered to Stand Trial on Insider Trading Charges
Malcolm Calvert, identified in the UK press as a “former high-flyer at Cazenove, the Queen’s bankers,” was today ordered to stand trial on insider trading charges. The UK’s FSA alleges that Calvert misused confidential information about a string of proposed management buyouts, takeovers and mergers to acquire a total of 425,500 shares in companies including […]
Three IPOs Planned for Week of Feb. 9 Will Help Indicate if IPO Market Thawing
After a nearly three month period without an IPO in the United States, three companies are slated to go public in the US the week of February 9. The three companies are: Mead Johnson, an Indiana-based maker of baby formula, that is being spun out of its parent company, Bristol-Myers Squibb Co. Mead Johnson […]
S. Korea: FSS Seeks Authority to Obtain E-Mail and Phone Records of Suspicious Traders
South Korea’s Financial Supervisory Service is seeking what appears to be the equivalent of subpoena power in the US so that it can crack down on stock market crimes such as insider trading. The FSS specifically wants the authority to monitor the e-mail of suspicious traders and to check their phone call history, the Korea […]