‘Enforcement 40’ for 2020
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By Securities Docket on December 31, 2015, 2:18 pm
His imminent release from prison has not stopped former McKinsey & Company CEO and Goldman Sachs director Rajat Gupta from aggressively seeking to get his conviction vacated under the Second Circuit’s landmark Newman decision. This week, the Second Circuit rejected Gupta’s last gasp appeal in the case. via Second Circuit Denies Rajat Gupta’s Last Gasp […]
By Securities Docket on December 31, 2015, 10:46 am
A federal judge has certified two shareholder class actions accusing Facebook Inc of hiding concerns about its growth forecasts prior to the social media company’s May 2012 initial public offering. U.S. District Judge Robert Sweet in Manhattan said retail and institutional investors who claimed to lose money from buying Facebook shares at inflated prices in […]