Monthly Archives: June 2009

Court Denies Bail to Allen Stanford

This afternoon, U.S. District Judge David Hittner revoked bond for Allen Stanford, granting a request by prosecutors to overturn a magistrate judge’s opinion last week to allow Stanford to go free on $500,000 bond pending his trial. As previously discussed here, U.S. prosecutors argued that Stanford is a serious flight risk, and that international ties make him a serious flight…

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July 21 Webcast – Securities Litigation Issues Facing Institutional Investors

On July 21, 2009, Riskmetrics Group’s Securities Class Action Services will sponsor a webcast entitled “Securities Litigation Issues Facing Institutional Investors.” The webcast will feature a dynamic panel of securities litigation experts who will examine the fiduciary duties of institutional investors and discuss significant topics, such as: Monitoring the portfolio: When and why you would want to be a lead…

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Trying out Tweetboard

Securities Docket’s Bruce Carton is going to be experimenting with a Twitter application called Tweetboard for a day or two.  It will allow you to quickly view Bruce’s posts on Twitter by clicking on the tab that should now appear on your screen on the left hand side (the tab is red when there are new posts, green when there…

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Securities Docket A.M. News Wire for June 30, 2009

Task of reclaiming Bernard Madoff’s billions ‘will take years;’ “Nobody in Madoff’s position is ever going to plead guilty again;” Hope Still Alive For Joe Nacchio. EADS Insider Trading Probe “Interim” Report Out Late July – Source; In wake of Madoff scandal, Conn.’s org. crime law expanded to include securities fraud, allow freezing of assets; Prosecutors Appeal Grant of Bail to Stanford, Call Him “Flight Risk;” Ruth Madoff Breaks Her Silence, Issues Statement; and more.

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Ruth Madoff Breaks Her Silence

Bernard Madoff’s wife, Ruth Madoff, broke her silence today on her husband’s massive Ponzi scheme.  Her statement follows below: I am breaking my silence now, because my reluctance to speak has been interpreted as indifference or lack of sympathy for the victims of my husband Bernie’s crime, whichis exactly the opposite of the truth. From the moment I learned from…

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