‘Enforcement 40’ for 2020
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By Securities Docket on June 18, 2009, 10:01 pm
Thank you to Securities Docket website sponsors Alvarez & Marsal, BDO Consulting, and FAILSAFE CPA. Interested in becoming a Securities Docket sponsor? Click here. For 25 years, Alvarez & Marsal has set the standard for working with organizations to tackle complex issues, boost performance and maximize value for stakeholders. Alvarez & Marsal Dispute Analysis & […]
By Securities Docket on June 18, 2009, 4:29 pm
Bernard Madoff and SEC Inspector General reportedly met for three hours on Wednesday of this week, sources tell CNN. The meeting reportedly occurred at New York’s Metropolitan Correctional Center, where Madoff is awaiting sentencing on federal fraud charges. Kotz is investigating the SEC’s failure to take action in stopping the Madoff scheme. Asked about the […]
By Securities Docket on June 18, 2009, 4:19 pm
Alabama Circuit Judge Allwin E. Horn ruled today that former HealthSouth CEO Richard Scrushy must pay about $2.8 billion to shareholders who sued over accounting fraud at the company. Read that again: $2,800,000,000. The AP reports that: The Alabama suit accused Mr. Scrushy of unethical dealings while the company was going broke and complicity in […]
By Securities Docket on June 18, 2009, 1:13 pm
The U.S. Supreme Court ruled today in a 6-3 decision that former Enron Broadband Services executive F. Scott Yeager cannot be retried for insider trading because such a retrial would violate the Double Jeopardy Clause of the Constitution. As previously discussed here, Yeager, was was acquitted of conspiracy, securities fraud and wire fraud charges after […]
By Securities Docket on June 18, 2009, 12:34 pm
In Australia, litigation funder IMF intends to fund a $1.2 billion class action on behalf of investors that have suffered losses after investing with Lehman Brothers Australia. The Age reports that IMF said the action could benefit up to 600 investors that bought complex debt securities that have plunged in value. The Age reports that […]
By Securities Docket on June 18, 2009, 6:55 am
Obama plan omits market regulator merger between SEC and CFTC; Clifford Chance’s Kirsch departure heads up month of heavy partner losses in firm’s NY arm; Stanford Receiver Rejects Motion to Disqualify Law Firm of Baker Botts; Ex-Merrill Lynch Execs in Enron Case Can Be Retried; Prosecutors Again Delay Indicting Madoff Accountant; The “Witness Assurance Letter” Challenge; Michigan Announces $109 Million Settlement With E&Y in HealthSouth Class Action; and more.