‘Enforcement 40’ for 2020
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By Securities Docket on November 27, 2013, 8:26 am
U.S. District Judge Charles Breyer in San Francisco said today investors can proceed with claims against Whitman over statements she made in May and June of 2012 about the British software company. Whitman “omitted material information which the complaint alleges she possessed at the time, namely that she was considering accounting fraud at Autonomy” as […]
By Securities Docket on November 26, 2013, 8:30 am
Get caught up with the Securities Docket News Wire for November 25, 2013.
By Securities Docket on November 26, 2013, 7:54 am
”If directors and corporations fulfil their proper duties and comply with the Corporations Act they will have nothing to fear from a robust class actions regime,” Mr Slade said. He said class actions accounted for 0.1 per cent of all litigation in Australia. About 14 class actions started on average each year, with about half […]
By Securities Docket on November 26, 2013, 7:53 am
Indeed, for do-gooders and those who simply think it’s unfair that CEOs trade on non-public information, they should celebrate the [Steve] Cohens of the world who constantly seek an information edge. While Cohen was never found to have done anything wrong, it’s people like Cohen and his employees who will do the sleuthing that exposes […]
By Securities Docket on November 26, 2013, 7:49 am
A shareholder vote Tuesday in California for board members of a small, local bank is emerging as a test case for one of the hottest topics in corporate governance: whether activist investors should be able to pay bonuses to their picks for board seats. via ‘Golden Leash’ Payments Fuel Debate – WSJ.com
By Securities Docket on November 25, 2013, 11:03 am
In short, the Bill seeks enactment of a significant set of reforms that would significantly alter many facets of Ponzi jurisprudence, including the determination of customer losses, definition of a customer, and the ability to seek the clawback of avoidance transfers. While it is not yet clear as to whether all of the above-referenced reforms […]
By Securities Docket on November 25, 2013, 8:57 am
Almost everyone has an opinion about securities enforcement. Many are disappointed (and even angry) that “few high level executives” have been prosecuted (criminally or even civilly) in connection with the 2008 financial crisis. Deep in their bunker, the SEC still has some diehards who maintain that fraud has been fully prosecuted, but, even there, attitudes […]
By Securities Docket on November 25, 2013, 8:30 am
Get caught up with the Securities Docket News Wire for November 24, 2013.
By Securities Docket on November 24, 2013, 11:38 am
The two newest members of the U.S. Securities and Exchange Commission on Friday offered opposing views about how their agency should exert its enforcement power, with one urging restraint and the other advocating a strict crackdown on lawbreakers. via New SEC members offer differing views on enforcement — Reuters