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Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): HOUSTON’S CLEAR THINKERS (July 10, 2009): Is Allen Stanford being railroaded? I recognize that he is not the most popular fellow in Houston investment circles these days, but is anyone else but me a tad uncomfotable that the […]
Augusta State University professor Brigitte Ziobrowski has been asked to testify before the House Financial Services Subcommittee on Oversight and Investigations on Monday as part of a hearing on “Preventing Unfair Trading by Government Officials.” As previously discussed here, the hearing will focus on the issue of insider trading by Congress, which is now the […]
Yesterday, Allen Stanford filed an appeal of a judge’s order that he must remain in jail pending his trial on conspiracy and fraud charges. The court ruled that Stanford was a flight risk. In addition, the Houston Business Journal reports, Stanford filed a separate motion requesting that he be transferred from the Joe Corley Dentention […]
Yesterday, Securities Docket hosted a webcast entitled, “2009 Mid-Year Review: Securities Litigation and Enforcement.” Four of the leading bloggers in the field (Kevin LaCroix (The D&O Diary); Tom Gorman (SEC Actions) Francine McKenna (re: the Auditors); and Lyle Roberts (The 10b-5 Daily)) joined me for a look at the events and developments of the first six months of 2009, and provided some very interesting insights. The CliffsNotes version is available here.
Barclays Capital analyst Jay Gelb predicts that Chubb Corp. may face as much as $2 billion in D&O policy losses because of a surge in lawsuits brought on by the U.S. economic crisis, and he adds that “Chubb does not appear appropriately reserved in this line.” BestWire Services reports that Barclays believes industry D&O losses […]
Judge Declines to Grant Mistrial Over Jury Unrest in Refco Fraud Case; Lawsuit claims Parlux board hobbled auditors; Archived Version/Presentation Materials Available for July 9 Webcast — 2009 Mid-Year Review: Securities Litig. and Enf.; Madoff Trustee Says 15,400 Claims Were Filed; Madoff Will Not Appeal 150-Year Sentence; SEC’s Lori Richards says decision to leave Director of OCIE post wasn’t tied to the Madoff case; Lehman Brothers Legal Bills Crack $100 Million; Jefferson “Cash in the Freezer” Photos Emerge From FCPA Trial; and more.
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