Daily Archives: March 30, 2009, 11:59 pm

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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Securities Class Action Against Authentidate Dismissed With Prejudice

Authentidate Holding Corp. (ADAT), announced last week that the United States District Court for the Southern District of New York dismissed with prejudice the shareholder class actions filed against the company and certain current and former directors and former officers in 2005.  The company stated that it did not know if the plaintiffs intended to appeal the decision. Read the…

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Stanford Financial Group’s Pendergest-Holt Files Malpractice Claim Against Lawyer Who Allegedly “Dropped Her in the Grease”

Laura Pendergest-Holt, Stanford Financial Group’s chief investment officer, filed a $20 million malpractice lawsuit on Friday against an outside lawyer for the company who accompanied her to SEC testimony on February 10.  Within days of the testimony, as discussed here, the lawyer had withdrawn from the case altogether and Pendergest-Holt had been both sued by the SEC and arrested by…

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