Daily Archives: February 13, 2009, 11:59 pm

Web Watch: Best Blog Posts and Columns For the Week Ending Feb. 13

Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): HARVARD LAW SCHOOL CORP. GOV. BLOG (Feb. 11, 2009): Is Investor Protection the Top Priority of SEC Enforcement? Academic study suggesting that the SEC favors defendants associated with big (listed) firms compared to smaller firms, and also finding tentative support for the hypothesis…

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UK: High Court Rejects Legal Challenge by Former Northern Rock Shareholders

In the UK today, former shareholders in Northern Rock failed in their legal challenge to the Government over the bailout of the company.  The Times Online reports that the shareholders, which included two hedge funds and about 150,000 individual investors, applied for judicial review after accusing the Government of setting up an unfair and unlawful compensation scheme for shareholders when…

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Hong Kong: Securities Regulators Scale Back Proposed Trading Blackout Rule

Securities regulators in Hong Kong have scaled back a plan that would have extended the blackout on share trading by company insiders to as long as seven months after more than 200 companies objected. Instead, a new proposal issued Thursday states that company directors and others with sensitive knowledge would be blocked from trading their shares for two months ahead…

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SEC Reportedly Probing Hedge Funds Trading in Advance of Negative Analyst Report

Underscoring the newly-heightened scrutiny of hedge funds, the SEC is investigating whether several hedge funds traded improperly after learning of a highly negative analyst report that was coming out on a prominent insurer, the WSJ reports. A civil case brought by the insurer, Fairfax Financial Holdings Ltd., alleges that executives at the hedge funds discussed the coming report of the…

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