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Join the Securities Litigation and Enforcement Group on LinkedInBack in My Day, the SEC was the Plaintiff! (Part II)
Remember yesterday when I said I thought a “full-blown ‘sue the SEC’” trend seemed to be brewing? Now you can add one more lawsuit to the growing list, as nine Louisiana investors who lost a total of about $19 million in the alleged Ponzi scheme of R. Allen Stanford sued the SEC yesterday for its […]
Investors sue government, ex-SEC official over Stanford losses
Nine Louisiana investors who lost nearly $19 million combined to R. Allen Stanford have sued the government for negligence, arguing the Securities and Exchange Commission failed to stop the Texas financier’s alleged fraud. Investors sue government, ex-SEC official over Stanford losses, Bellingham Herald
The Pitfalls of Wiretaps in White-Collar Crime Cases
But missteps in how prosecutors obtained and monitored the wiretaps and tried to entice people into making incriminating statements have come to light, raising questions about how carefully the Justice Department has been in applying these tactics in white-collar crime case. These should serve as a warning that this investigative tool must be used very […]
Westlaw News & Insight Securities Litigation Blog
In recent months, the SEC has shown a heightened interest in the workings of state pension funds – specifically, whether certain states are failing to disclose the fact that their public pension plans are chronically under-funded and the possible effects that might have on their municipal bond offerings. Westlaw News & Insight Securities Litigation Blog, […]
Hear the Rajaratnam Brothers on Tape
Listen to some of the government’s secretly recorded audio here. Warning: There is salty language on the tape. Hear the Rajaratnam Brothers on Tape, WSJ Deal Journal
Ex-Goldman Board Member Gupta Took Fifth Amendment, Judge Told
Former Goldman Sachs Group Inc. board member Rajat Gupta invoked his Fifth Amendment right not to incriminate himself when the U.S. Securities and Exchange Commission sought to question him, a prosecutor said. Ex-Goldman Board Member Gupta Took Fifth Amendment, Judge Told, Bloomberg
Alberta: Insider trading alleged at Calgary oil and gas firm
The ASC says that in early 2009 Memet Kont, then the chief operating officer of Calvalley Petroleum and now its president, and then-senior reservoir engineer Kevin Dougald MacArthur “were in possession of material information not publicly disclosed at the time when they purchased Calvalley Petroleum shares.” Alberta: Insider trading alleged at Calgary oil and gas […]
Raj defense: He’s a real standup guy
After Goel confirmed this was true, Lyman said Rajaratnam was also joking about having once given BMWs to the women who had access to Intel’s sales information. “I don’t think that was a joke, sir. I heard him,” Goel said. Raj defense: He’s a real standup guy, New York Post
Bharara, the Wall Street clean-up man
Preet Bharara’s journey to prosecutorial limelight in New York City’s battle against terrorism and white collar shenanigans is built on a spotless reputation paved with professional élan and political rectitude. Bharara, who is the US Attorney for the South District of New York, represents a small but growing body of professionals of Indian origin in […]
Securities Docket News Wire for March 25, 2011
Get caught up with the Securities Docket News Wire for March 25, 2011.