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Former Assent Trader Sentenced to 63 Months in Prison in Insider Trading Prosecution
David Tavdy, a former trader at Assent LLC who pleaded guilty to participating in an insider-trading scheme that resulted in millions of dollars in profits, today received a sentence of more than five years in prison. Reuters reports that Tavdy pleaded guilty to conspiracy and securities fraud a year ago after he admitted to buying […]
Michael Conley Named SEC Deputy Solicitor in Appellate Group
The SEC announced today that Michael A. Conley has been named Deputy Solicitor in the Appellate Group of the SEC’s Office of the General Counsel. In that role, Mr. Conley will help oversee the Commission’s appellate and amicus curiae litigation, and will work under Jacob Stillman, the SEC’s Solicitor. Mr. Conley previously held the position […]
SDNY Denies Moody’s Motion to Dismiss Securities Class Action
On Monday, Judge Shirley Wohl Kram of the U.S. District Court for the SDNY denied Moody’s motion to dismiss a securities class action filed against the company. Reuters reports that the case accuses the company and CEO Raymond McDaniel of making false and misleading statements in order to artificially bolster Moody’s stock price, and of […]
Webcast Today, 2PM EST: Liability of Professionals in the Financial Crisis
Today, February 24, 2009, at 2:00 pm EST, Securities Docket will host a webcast entitled, “Liability of Professionals in the Financial Crisis” featuring two of the top lawyers in the securities litigation field. Stuart Grant of Grant & Eisenhofer P.A. and Michael Young of Willkie Farr & Gallagher LLP will addresses critical questions now arising […]