Daily Archives: June 16, 2009, 3:22 pm

Rep. Kanjorski to SEC IG Kotz: Work Faster!!

Let’s try to quickly catch up on the tennis match that has been going on since yesterday between House Financial Services Capital Markets Subcommittee Chairman Paul Kanjorski and SEC Inspector General H. David Kotz. In short, Kanjorski announced yesterday that he sent a letter to Kotz calling for an update by June 30 on his internal investigation into why and…

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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 and academics 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…

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UK: Lawyers Charged by FSA with Insider Trading Granted Bail

In the UK, the first hearing in the FSA’s high-profile insider trading case against two lawyers from US-based law firms accused of insider trading took place this morning. As previously discussed here, Former Dorsey & Whitney corporate partner Andrew Rimmington, former McDermott Will & Emery partner Michael McFall, and the former financial director of Neutec Pharma, Peter King  have been…

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SharesPost Creates Members-Only Marketplace for Pre-IPO Securities

A startup called SharesPost is trying to create a new, members-only marketplace for pre-IPO securities.  The Mercury News reports that the first transaction on SharesPost occurred Monday: the sale of 2,500 shares of Tesla Motors at $10 per share.  Deals and valuations involving such startups as Facebook, Twitter, LinkedIn, Linden Labs, Ning, Slide, SolarCity, SugarCRM, XDx and others are expected…

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Securities Docket Webcasts: Participate as a Panelist or Sponsor

Securities Docket’s webcast series continues to be an enormously popular feature. Already in 2009, over 2,200 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 as…

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Securities Docket A.M. News Wire for June 16, 2009

SEC asks court to block some investor lawsuits against the failed Reserve Primary Fund; Miami suit aims to get back fees paid in Bernie Madoff scandal; SEC’s Kotz Replies To US Rep. Kanjorski Madoff Request; Congressman Demands Update on Madoff Inquiry; Fraud Victims Want Maximum Sentence for Madoff; Federal Judge Throws Out Securities Fraud Suit Against Aetna; and more.

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