Monthly Archives: March 2009

Securities Docket News Wire for March 31, 2009

Securities class action filed in USDC for the SDNY against Deutsche Bank AG. http://is.gd/pUDC # Japan: Securities Regulators Invest in Technology to Battle Insider Trading. http://is.gd/pPzH # Court Dismisses ARS-Related Securities Class Action Against UBS. http://is.gd/pPtd # Plaintiffs’ Securities Class Action Law Firms Actively Hiring. http://is.gd/pPpC #

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Hong Kong: SFC Obtains Third Criminal Conviction for Insider Trading in Last Twelve Months

In Hong Kong, Andy Lam King Hung, an accounting manager at Chinese Estates Holdings Ltd., was convicted on two criminal charges of insider dealing in the shares of Chi Cheung Investment Co, Ltd.  He was remanded in custody pending his sentencing April 20, 2009, AHN reports. An investigation by Hong Kong’s Securities and Futures Commission found that in 2007, while…

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Japan: Securities Regulators Invest in Technology to Battle Insider Trading

In Japan, enforcement of the insider trading laws have historically been quite lax.  That may be about to change, however, as Japan’s Securities and Exchange Surveillance Commission has invested in a new online information-gathering system named Compliance WAN which gives regulators direct access to the history of customer transactions at brokerages.  Compliance WAN replaces the prior practice that required employees…

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Securities Docket News Wire for March 30, 2009

Rare Securities Class Action Trial Gets Underway in Federal Court in Chicago. http://is.gd/pJqv # UK: SFO Investigating Madoff Feeder Funds. http://is.gd/pDxw # Stanford Financial Group’s Pendergest-Holt Files Malpractice Claim Against Lawyer Who “Dropped Her in the Grease” http://is.gd/pDqT # On insider dealing, City watchdog is finding its snarl. http://is.gd/pDlP #

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Securities Docket Webcasts: Participate as a Panelist or Sponsor

Securities Docket’s webcast series has proven to be an enormously popular feature.  Already in 2009, over 1,700 people have registered to attend one or more Securities Docket webcasts on our “Securities Litigation and Enforcement” webcast channel. The growth and success of the Securities Litigation and Enforcement webcast channel has led to numerous recent inquiries from law firms and consulting firms…

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UK: Lawyer Sentenced to Eight Months for Insider Dealing

Christopher McQuoid, the UK lawyer found guilty last week in the FSA’s first-ever criminal prosecution for insider dealing (previously discussed here), was sentenced to jail for eight months today.  His father-in-law who was also found guilty, James Melbourne, was given the same sentence, but the sentence was suspended because of his age (74), the Times Online reports. The case is…

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UK: SFO Investigating Madoff Feeder Funds

The UK’s Serious Fraud Office has broadened its investigation into the Bernard Madoff scandal to include the London activities of certain Madoff feeder funds.  The Guardian reports that a criminal investigation by the SFO into London branches of the feeder funds “suggests investigators believe certain feeder operations may have played a more actively dishonest role in the fraud, beyond simply…

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