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Join the Securities Litigation and Enforcement Group on LinkedInSEC Prevails in First Appellate Decision on Challenges to APs | Compliance Week
Recently, respondents challenging the SEC’s ability to bring administrative proceedings have had success in two cases in federal district court. This week the Seventh Circuit became the first appellate court to weigh in on this issue, and found in favor of the SEC. The Seventh Circuit held in Bebo v. SEC that the district court […]
Securities Docket News Wire for August 27, 2015
Get caught up with the Securities Docket News Wire for August 27, 2015.
Dole C.E.O. and Aide Found Liable for $148 Million in Buyout – The New York Times
The judge found on Thursday that Mr. Murdock, the company’s chief executive, and a top lieutenant fraudulently drove down the company’s stock price so he could buy the business at a cheaper price in its 2013 leveraged buyout. In his opinion, Vice Chancellor J. Travis Laster of the Court of Chancery in Delaware ordered Mr. […]