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Stanford Court Receiver Seeks $55 Million from Libya, All in US Banks
Trustee demands return of nearly $55 million in alleged “fraudulent transfers” to Libyans.
Securities Docket News Wire for June 17, 2011
Get caught up with the Securities Docket News Wire for June 17, 2011.
No D.&O. Liability Risk? Don’t Bet on It
The risk of an expanded application of R.C.O.D. is real for officers and directors.
Dear Congress: Please Stop Robbing Us
There are still no laws to prevent congressional insider trading.
First Expert-Network Trial Winds Down
Prosecutors say Jiau provided nonpublic information “to the decimal point” about companies.
Raters Drawing SEC Scrutiny
Now, SEC officials are focusing on the question of whether the ratings companies committed fraud by failing to do enough research to be able to rate adequately the pools of subprime mortgages and other loans that underpinned the mortgage-bond deals, according to people familiar with the matter. Read more: Raters Drawing SEC Scrutiny — WSJ
Madoff Claims Attract Banks
Banks are pushing the offers on claims to roughly 70-75 cents on the dollar.