Daily Archives: May 25, 2016, 12:16 pm

BlackBerry can’t find trace of alleged inside trading messages — The Australian

Prosecutors in the insider trading trial of Oliver Curtis have been forced to concede there is no record of electronic messages between Mr Curtis and John Hartman crucial to an alleged deal between the former best friends. The NSW Supreme Court heard evidence yesterday from BlackBerry representative Lisa Freer on the “Pin to Pin” messaging through which the two are…

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Serious Fraud Office Eyes Blockbuster Funding | PYMNTS.com

The Serious Fraud Office (SFO) of the U.K. is taking a second look at one of its practices that has raised criticism in the past following a report published by the Crown Prosecution Service Inspectorate (CPSI). CPSI released a report on Tuesday (May 24) that found SFO’s use of so-called “blockbuster funding” may hamper progress in investigations and could weaken cases…

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Under Morrison, U.S. Securities Laws Don’t Apply to Toshiba’s Unsponsored ADRs Purchased OTC in the U.S. – The D&O Diary

These issues were presented in the class action lawsuit filed in June 2015 in the Central District of California against Toshiba Corporation. The consolidated lawsuit purported to be filed on behalf of a class of investors who purchased unsponsored Toshiba American Depositary Shares (ADS) over-the-counter in the U.S., as well as on behalf of investors who purchased Toshiba shares on the Tokyo…

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