Daily Archives: July 17, 2009, 5:24 pm

Court in Cuban Case: SEC Failed to Allege Agreement Not to Trade on Info in Question

As previously discussed here, U.S. District Judge Sidney A. Fitzwater dismissed the SEC’s insider trading case against Dallas Mavericks owner Mark Cuban this morning. A copy of the Court’s Order is available here. In his ruling, Judge Fitzwater found that the SEC failed to adequately allege that Cuban agreed with Mamma.com (a) not to disclose material, nonpublic information about the…

Read More

Spain: Telefonica SA Chairman Cesar Alierta Cleared of Insider Trading Charges

In Spain, Telefónica SA Chairman Cesar Alierta was cleared of insider trading charges today.  The WSJ reports that Spanish court documents show that the court cleared Alierta of charges that date back to the late 1990s due to Spain’s statute of limitations laws. Alierta has repeatedly denied any wrongdoing and is “one of Spain’s most admired and successful executives,” the…

Read More

Securities Docket A.M. News Wire for July 17, 2009

Allen Stanford Trial Delayed. http://bit.ly/12SPA4 # CBOE Chief Set to Urge Merger of SEC and CFTC. http://bit.ly/vaaYQ # SEC Says It Lacks Jurisdiction to Probe “Pay-to-Play” in Securities Class Actions. http://bit.ly/HRIyL # SEC ’s “Wish List” of 42 Changes It Seeks in the Federal Securities Laws. http://bit.ly/1zWmim # Stanford Victims Coalition Takes Full-Page Ad in WSJ Asking Obama For Assistance.…

Read More

Thank You to Our Sponsors

Thank you to Securities Docket website sponsors Alvarez & Marsal, BDO Consulting, Daylight Forensic & Advisory, 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 & Forensic…

Read More