Monthly Archives: January 2015

Pension funds don’t really value right to sue for fraud – new study — On the Case

But a forthcoming paper in the Journal of Legal Studies by a Berkeley law professor says that pension funds don’t seem to be putting their money where their mouths are. According to study author Robert Bartlett, there’s an apparent gap between institutional investors’ adamant advocacy for shareholder class actions and their actual trading decisions. via Pension funds don’t really value…

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U.S. prepared to drop insider trading charges over IBM deal: filing | Reuters

U.S. prosecutors said they are prepared to drop charges against five men accused of engaging in insider trading ahead of an IBM Corp acquisition, citing a major appellate court ruling limiting authorities’ abilities to pursue such cases. In an unusual letter late Wednesday, prosecutors under Manhattan U.S. Attorney Preet Bharara asked U.S. District Judge Andrew Carter to dismiss the indictment.…

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2014 Year-End Securities Enforcement Update — HLS Forum on Corp. Gov. and Fin. Reg.

The close of 2014 saw the SEC’s Division of Enforcement take a victory lap. Following the release of the statistics for the fiscal year ended September 30, Division Director Andrew Ceresney touted a few records—the largest number of enforcement actions brought in a single year (755); the largest total value of monetary sanctions awarded to the agency (over $4 billion);…

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