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Join the Securities Litigation and Enforcement Group on LinkedInSecurities 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 #
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 […]
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 […]
Court Dismisses ARS-Related Securities Class Action Against UBS
On Monday, Judge Lawrence M. McKenna of the SDNY dismissed the securities class action against UBS, which alleged that the bank misled investors when it sold them auction rate securities. The court ruled that the case could not continue because UBS had already reached a $19.4 billion settlement in the matter in August with the […]
Plaintiffs’ Securities Class Action Law Firms Actively Hiring
Each week lately seems to bring news of widespread layoffs in law firms in the US and the UK, but one particular segment of the lawyer population remains in strong demand. The Recorder reports that fueled by the financial crisis, numerous plaintiffs’ securities class action firms are actively hiring associates now. The firms hiring include […]