‘Enforcement 40’ for 2020
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By Securities Docket on July 22, 2009, 2:51 pm
Please join us! This live, online discussion featuring law professor Peter Henning and Securities Docket’s Bruce Carton begins today (Thursday, July 23) at 1 pm Eastern.
By Securities Docket on July 22, 2009, 1:53 pm
I took a shot yesterday at answering my own hypothetical questions involving insider trading liability for tips and trading related to Twitter “tweets.” Recognizing that I was grasping for answers and that I clearly needed to bring in heavier artillery, I reached out to Peter Henning, a law professor and frequent blogger for the New York Times’ DealBook on securities law issues. Peter graciously agreed to help me get to the bottom of these questions, and we will attempt to do that tomorrow in an online chat here at Securities Docket at 1 pm Eastern.
By Securities Docket on July 22, 2009, 1:20 pm
The SEC has asked a federal court in Arizona to order the former CEO of CSK Auto Corporation to reimburse the company and its shareholders more than $4 million under SOX 304. According to the SEC, this is the first action seeking reimbursement under the SOX “clawback” provision (Section 304) from an individual who is […]
By Securities Docket on July 22, 2009, 11:00 am
Roger R. Crane has joined law firm K&L Gates as a partner in its New York office. The firm announced this week that Crane has joined its commercial disputes practice. Crane joins K&L Gates from Nixon Peabody LLP, where he was leader of the business litigation team. Crane told the NYLJ that he joined K&L […]
By Securities Docket on July 22, 2009, 10:35 am
Spain’s anti-corruption prosecutors said today that they will appeal last week’s court decision clearing Telefonica chairman Cesar Alierta of insider trading charges. As previously discussed here, Cesar Alierta was cleared of insider trading charges on Friday of last week due to Spain’s statute of limitations laws. Reuters reports that it could take at least a […]
By Securities Docket on July 22, 2009, 8:52 am
Credit Default Swaps have received their share of attention over the past 12 months. Stripped of all the rhetoric, CDSs have been and continue to be integral risk management tools in an evolving regulatory, transactional, and litigation landscape. Please join Gene Deetz and Jeff Nielsen of Navigant Consulting and Jay Tambe and James Goldfarb of […]
By Securities Docket on July 22, 2009, 6:55 am
TD Ameritrade Settles for $456 Million in Auction-Rate Securities Suit. http://bit.ly/c0Y0l # Dreier’s Apartment Fetches $8.2 Million at Bankruptcy Auction. http://bit.ly/13YAcF # Market value of Calpers’ assets dropped 23.4 percent for the year ended June 30. http://bit.ly/ZtioV # Judge Allows Liquidation of Madoff Feeder Funds Fairfield Sentry. http://bit.ly/13XW3Y # Rio Spy Claim Case Shows SEC […]
By Securities Docket on July 22, 2009, 6:34 am
Guest columnists F. Joseph Warin, Michael S. Diamant and Matthew P. Hampton explain that understanding the significance of the Frederic Bourke conviction and the danger it illustrates for the unwary, starts with a simple observation: Bourke’s case was not a typical FCPA prosecution. Bourke was never accused of bribing or directing others to bribe government officials. Rather, the government charged Bourke with conspiring to violate the FCPA because he invested in an entity that he knew, or at least had every reason to know, was engaged in a scheme to bribe Azeri officials. In his closing, the prosecutor stated, Bourke “had enough understanding to know that something . . . was occurring” yet “ke[pt] his head in the sand.”