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Join the Securities Litigation and Enforcement Group on LinkedInMadoff trustee is dealt fresh legal setback — Reuters
In a decision on Sunday, U.S. District Judge Jed Rakoff said the trustee, Irving Picard, could not invoke federal bankruptcy law to recover money transferred outside the United States between foreign entities, citing a presumption that the law does not apply extraterritorially. via Madoff trustee is dealt fresh legal setback — Reuters
U.S. House Panel Says It Can Ignore SEC Subpoenas in Insider-Trading Probe – Bloomberg
The U.S. House Ways and Means Committee and a top staff member say the panel and its employees are “absolutely immune” from having to comply with subpoenas from a federal regulator in an insider-trading probe. via U.S. House Panel Says It Can Ignore SEC Subpoenas in Insider-Trading Probe – Bloomberg
Mark Cuban invests in ephemeral app technology — Dallas Morning News
Mark Cuban may have won his insider trading case last fall, but he says the investigation cost him his sense of digital privacy. “I watched how they manipulated everything that I wrote in messages, and I realized that any digital communications I used was at risk,” the Dallas Mavericks owner said in an email. That’s […]
House Attorneys Seek Dismissal Of SEC Suit – WSJ
Lawyers for the U.S. House of Representatives asked a federal judge to reject a lawsuit the Securities and Exchange Commissionfiled against Congress in June, saying the suit amounts to “a remarkable fishing expedition for congressional records.” via House Attorneys Seek Dismissal Of SEC Suit – WSJ
SEC Settles FCPA case on Eve of Trial — SEC ACTIONS
The SEC was about to try its first FCPA case. Then the Commission settled, agreeing to drop the bribery charges as well as its demand for monetary sanctions. That ended the case against two Nobel Corporation executives SEC v. Jackson, Civil Action No. 4:12-cv-00563 (S.D. Tx. Filed Feb. 24, 2012). via SEC Settles FCPA case […]