- EDWARDS ANGELL PALMER & DODGE LLP (April 16, 2009): New Jersey Federal Court Dismisses Securities Class Action Complaint as Sanction for Attorney Misconduct
The United States District Court for the District of New Jersey recently dismissed a securities class action complaint as a sanction for conduct by the lead plaintiff and class counsel.
- THE D&O DIARY (April 16, 2009): Judge Calls Plaintiffs’ Firm’s “Monitoring” Services “Shocking Conflict of Interest”
A federal judge described as a “blatant, shocking conflict of interest” the revelation that leading plaintiffs’ firms provide portfolio “monitoring services” for which they are paid only if their clients pursue litigation recommended by the law firm.
- THE D&O DIARY (April 15, 2009): A Case of Divided Loyalties
An April 1, 2009 opinion by Central District of California Judge Cormac Carney in the Broadcom Corporation options backdating criminal case presents a very dramatic example of the pitfalls that can arise from dual representations.
- SEC ACTIONS (April 14, 2009): The Impact of Tellabs: Another Suit Dismissed
The Supreme Court’s decision in Tellabs, Inc. v. Makor Issues & Rights, Ltd. continues to have a significant impact on private securities actions.
- THE FCPA BLOG (April 14, 2009): That’s Not Justice
A former U.S. Attorney told us a few years ago: “The Justice Department has found a way to subcontract out its FCPA investigations. Now the company lawyers are taking the statements and doing the document work.”
- ANTHONY MATON, THE LAWYER (April 13, 2009): RBS case shows superiority of US investor protection
No one says that the US class action system is perfect. However, there is a marked contrast between the access to justice being provided to aggrieved shareholders in the US and that being provided in the UK.
- THE 10B-5 DAILY (April 13, 2009): Get Your Own Little Birdy
A plaintiff can rely on an anonymous source to plead securities fraud, but can he rely on someone else’s anonymous source?
- PHILIP S. KHINDA, JEFFREY E. MCFADDEN AND MICHAEL C. MILLER, NYLJ (April 10, 2009): The Nuances of Securities Reform
The required change does not need to come at the end of a sledge hammer. Effective securities reform can be the product of a more surgical approach.
- HOLLAND & HART SECURITIES DEFENSE BLOG (April 12, 2009): Punishing the Victims: Madoff Trustee Files First Clawback Case
At first blush, seeking such a large sum from an offshore entity with a foreign-sounding name seems justifiable. However, further scrutiny raises serious questions about the trustee’s future litigation plans.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn