Daily Archives: March 24, 2011, 8:03 pm

SEC Charges Former Consultant at Silicon Valley Private Investment Firm with Insider Trading

The SEC alleges that Mark Duffell bought shares of Silicon Valley software company SumTotal Systems while he was involved in discussions on AKKRs behalf regarding a potential acquisition of SumTotal. Without admitting or denying the allegations, Duffell has agreed to settle the charges against him and pay disgorgement and penalties of over $300,000. SEC Charges Former Consultant at Silicon Valley…

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Anne Small Joining SEC as Deputy General Counsel for Litigation and Adjudication

Small will serve as Deputy General Counsel for Litigation and Adjudication, and will help oversee enforcement matters, appellate cases, and adjudications. She joins the SEC from the law firm WilmerHale LLP, where she was a partner in the firm’s litigation department in New York. Anne Small Joining SEC as Deputy General Counsel for Litigation and Adjudication, Securities Docket

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How Rajaratnam can win: A network of experts

The defense will likely call upon forensic accountants or economists to show that any alleged inside information was already in the public domain, that the so-called tips were baked into the stock price before Rajaratnam made his trades, and that Rajaratnam didn’t enjoy any outsized benefit from making the trades when he did. Dowd’s witnesses could make compelling arguments that…

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