Daily Archives: January 29, 2009, 11:59 pm

Securities 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.” http://is.gd/hFcC #

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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, the court ruled as follows…

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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 hP Bulmer, Macdonald hotels, Vernalis,…

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