‘Enforcement 40’ for 2020
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By Securities Docket on June 17, 2009, 4:06 pm
In the June 15, 2009 webcast “A New Frontier: Best Practices in Fraud Investigations and Emerging Trends in SEC and DOJ Enforcement” panelist Jose Lopez, a partner with Schopf & Weiss LLP, noted that the SEC Enforcement Manual expressly holds out the possibility of something called a “Witness Assurance Letter.” Indeed, Section 126.96.36.199.1of the Manual […]
By Securities Docket on June 17, 2009, 3:22 pm
On Monday, Michigan Attorney General Mike Cox and Treasurer Robert Kleine announced a $109 million settlement with Ernst & Young resulting from audits the firm conducted that allegedly failed to expose massive fraud taking place when E&Y served as HealthSouth Corporation’s auditing firm. According to Cox, “the settlement is one of the largest ever obtained […]
By Securities Docket on June 17, 2009, 10:36 am
As the FSA launches its insider trading case in the UK against former Dorsey & Whitney corporate partner Andrew Rimmington, Dorsey & Whitney also faces troubling news in Canada. In Toronto, news spread last week that the law firm fired Toronto partner Gil Cornblum after it became public that one of his law school pals, […]
By Securities Docket on June 17, 2009, 9:35 am
In one of the most anticlimactic and unsatisfactory resolutions of an SEC matter in recent memory, the SEC settled its civil fraud charges against Bernard Madoff yesterday. In short, the resolution of the SEC case bars Madoff from associating with any broker, dealer or investment adviser. As is customary in SEC settlements, Madoff expressly did […]
By Securities Docket on June 17, 2009, 6:55 am
Judge dismisses shareholder suit against Oracle; Banish Bernard Madoff to live in box, pleads victim; Judge Approves Santander’s Madoff Settlement; Rep. Kanjorski to SEC IG Kotz: Work Faster!!!; July 21 Webcast – Securities Litigation Issues Facing Institutional Investors; Jefferson FCPA Trial: $90K in cash wrapped in foil, found in freezer inside containers of Pie Crust and Boca Burgers; UK: Lawyers Charged by FSA with Insider Trading Granted Bail; and more.