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Join the Securities Litigation and Enforcement Group on LinkedInSecurities Docket News Wire for March 12, 2009
Securities class action filed in the US D. Ct. for the N. D. of Ill. on behalf of purchasers of Corus Bankshares. http://tinyurl.com/cr8jks # Securities class action filed in the US District Court for the SDNY on behalf of purchasers of Perrigo Co. http://tinyurl.com/dab9x7 # Madoff: From the Penthouse to the Metropolitan Correctional Center. http://is.gd/n4U0 […]
March 25 Webcast — JDSU: Lessons from the Largest Securities Class Action Trial in History
On March 25, 2009, Cornerstone Research is sponsoring a webcast entitled “The JDSU Verdict One Year Later: Lessons from the Largest Securities Class Action Trial in History” that will feature two of the key players in that historic trial. Jordan Eth, co-lead trial counsel for JDS Uniphase and several individual defendants, and Allan Kleidon, testifying […]
Madoff: From the Penthouse to the Metropolitan Correctional Center
This video from Fox Business shows Bernard Madoff’s new home until he is sentenced on June 16: The Metropolitan Correctional Center. Madoff goes from a stunning penthouse apartment in Manhattan to a 7.5′ x 8′ jail cell that he will share with a roommate and which contains only a bunk bed, a desk and a […]
Copy of Madoff’s Plea “Allocution” That He Read in Court Today
A complete copy of Bernard Madoff’s plea “allocution” that he read in court today is now available (click here), via the WSJ Law Blog.
Madoff Pleads Guilty, Bail Revoked, Sent to Jail
After pleading guilty in federal court today as expected, Bernard Madoff had his bail promptly revoked by U.S. District Judge Denny Chin and was sent off to jail pending sentencing. At the hearing in a packed Manhattan courtroom, Madoff admitted that he ran a Ponzi scheme for many years in his firm’s investment advisory business. […]
Finding and Connecting the Securities Litigation “Tribe”
In his best-selling book “Tribes,” author Seth Godin defines a tribe as a group of people connected to one another, connected to a leader, and connected to an idea that inspires their passion. More recently, in November 2008, Godin wrote on the subject of blogs that the function of the blog is to be a […]
Hong Kong: Former Investment Banker Found Guilty in First-Ever Insider Trading Trial
In Hong Kong, a former investment banker with BNP Paribas Peregrine Capital and four others have been found guilty of insider trading in the first-ever trial for such an offense under the Securities and Futures Ordinance. The Standard reports that Ma Hon-yeung, Ivy Lo Yuk-wah, Sammy Ma Hon-kit, Cordelia Tso Kin-wah and Ronald Ma Chun-ho […]
SEC Considering Bounty Program for Financial Fraud Tips
In her testimony yesterday before the House Subcommittee on Financial Services, SEC Chairman Mary Schapiro told Congress that for the first time, the SEC is considering offering cash bounties to private sector whistleblowers who help expose financial wrongdoing. The SEC’s current “bounty” program applies only to insider trading cases, not financial fraud. “Right now, the […]