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Join the Securities Litigation and Enforcement Group on LinkedInWeb Watch: Best Blog Posts and Columns For the Week Ending June 26
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): MARTYN WARWICK, TELECOM TV (June 26, 2009): Ex-Nortel CEO: What? Me? Pay my own legal fees? Don’t you know who I am? The former CEO is back-and squealing. He claims that he is “living a nightmare” because the […]
Canada: Former CEO of Southwestern Resources Admits to Fraud, Insider Trading
The British Columbia Securities Commission (BCSC) announced yesterday that John Gregory Paterson, the former president and CEO of Southwestern Resources Corp., has admitted to securities fraud and illegal insider trading. The BCSC stated that it has barred Paterson from the business, and that he also owes the BCSC approximately about $3.5 million that he claims […]
Forget the Hat, Now Vijay Offers to Post Bail for Stanford
We thought it was interesting that golfer Vijay Singh defiantly continued to sport his Stanford Financial hat, but his headwear choices are nothing compared to the latest news that Singh was one of just three people who offered to sign for a portion of Allen Stanford’s’s bail. CNBC reports that Singh agreed to be responsible […]
Hot Tips, Twitter and Insider Trading
As more people learn daily, Twitter is a way to get a message out to the entire world. The twist, of course, is that your message will only be seen by people who have chosen to follow your updates. A “tweet” by a person who has no followers is the proverbial tree falling in the forest with no one around to hear it. How does the public/private nature of Twitter fit with the insider trading laws?
Securities Docket A.M. News Wire for June 26, 2009
Bribes Alleged at Stanford’s Hearing; Emotions Run High as Madoff Sentencing Nears; Vijay Singh Offers To Pay Stanford’s Bail; Fannie Mae, KPMG Push Hard to Settle Securities Suit, Ask Judge to Send Case to Mediation; SEC concludes investigation of Fairfax Financial, does not plan to take any enforcement action; Canada: Ex-CEO of Southwestern Resources admits to fraud, insider trading; Madoff Victim Group Asks Judge to Invalidate Releases; Report Shows World’s Leading Exporting Countries Failing to Fully Enforce Ban on Foreign Bribery; and more.
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