‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInZynga must face U.S. lawsuit alleging fraud tied to IPO | Reuters
Ruling 13 months after dismissing an earlier version of the lawsuit, U.S. District Judge Jeffrey White in San Francisco said on Wednesday that shareholders could pursue claims that Zynga concealed declining user activity, masked how changes in a Facebook Inc platform for its games would affect demand and inflated its 2012 revenue forecast. via Zynga […]
IPO lite? SEC rule change gives small businesses a new fundraising option. – CSMonitor.com
On Wednesday, small businesses got a new way to raise millions of dollars in investments without going public. The U.S. Securities and Exchange Commission approved changes to a little-used regulation that will now let companies sell up to $50 million in securities to outside investors every year. via IPO lite? SEC rule change gives small businesses a […]
Securities Docket News Wire for March 26, 2015
Get caught up with the Securities Docket News Wire for March 26, 2015.
Securities Docket News Wire for March 25, 2015
Get caught up with the Securities Docket News Wire for March 25, 2015.
Ceresney Testifies on Enforcement’s Budgetary Needs and Performance | Compliance Week
In his testimony last week, SEC Enforcement Director Andrew Ceresney provided Congress with details on how the Enforcement Division would use a proposed increase in the SEC’s budget for FY 2016, and presented an update on the recent work of his Division. via Ceresney Testifies on Enforcement’s Budgetary Needs and Performance | Compliance Week
SEC chief takes aim at predatory traders in ‘dark pools’ | New York Post
Securities and Exchange Chairwoman Mary Jo White wants to hunt down sharks in lightly regulated “dark pools,” where predatory traders are known to lurk. White proposed a new rule on Wednesday that would require high-frequency trading firms to register with the Financial Industry Regulatory Authority, a broker watchdog, and submit a daily paper trail on […]
Securities Docket News Wire for March 24, 2015
Get caught up with the Securities Docket News Wire for March 24, 2015.
Tesco faces potential multi-billion pound UK shareholder claim — Harpers
Tesco is facing a potential multi-billion class action lawsuit in the UK by a not-for-profit organisation representing its shareholders, in relation to the profit overstatement it announced last year. Tesco Shareholder Claims Limited (TSC), a not-for-profit group backed by US law firm Scott +Scott LLP firm, today announced its will seek to bring action against Tesco PLC in […]
Securities Docket News Wire for March 23, 2015
Get caught up with the Securities Docket News Wire for March 23, 2015.
AIG investors’ $970.5 mln settlement wins US court approval | Reuters
American International Group Inc shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal bailouts. via AIG investors’ $970.5 mln settlement wins US court approval | Reuters