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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInMary Jo White lays down the law as SEC rejects deal with Phil Falcone’s Harbinger fund – NYPOST.com
Billionaire financier Phil Falcone’s attempts to rebuild his troubled empire just took a massive hit from Mary Jo White’s Securities and Exchange Commission. The tough as nail head of the SEC refused to settle two civil suits against him and his Harbinger Capital Partners hedge fund. While Harbinger, which disclosed the SEC slap-down in a […]
Bank in Madoff Case Settles With Some Plaintiffs and Gets Favorable Jury Ruling – DealBook
Westport National Bank and its parent company, Connecticut Community Bank, were not liable for the losses of investors in Bernard Madoff’s vast Ponzi scheme in its role as a custodial bank, a jury found on Wednesday. Separately, the bank agreed to pay $7.5 million to 240 investors in a related case, a lawyer for the […]
Judge OKs S&P Fraud Suit, Nixing ‘Puffery’ Defense — The Litigation Daily
The news just keeps getting worse for Standard & Poor’s Financial Services. Setting in stone a tentative decision reached last week, a federal judge in Santa Ana, Calif. refused late Tuesday to toss a Justice Department lawsuit accusing S&P of duping investors with inflated credit ratings for financial products backed by subprime securities. U.S. District […]
Securities Docket News Wire for July 18, 2013
Get caught up with the Securities Docket News Wire for July 18, 2013.