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Join the Securities Litigation and Enforcement Group on LinkedInEnron Still Matters, 15 Years After Its Collapse – The New York Times
Where were you on Dec. 2, 2001? It is not a cocktail party icebreaker question, but rather a test of perspective and experience. Because 15 years ago on that day, the energy giant Enron filed for bankruptcy protection, prompting a chain of seminal legislative, regulatory and public policy developments that influence corporate governance practices to […]
Keynote Speech by Andrew J. Ceresney, ACI’s 33rd International Conference on the FCPA
Today, I want to talk about a few important themes and cases. First, I want to spend a few minutes on self-reporting and cooperation, following up on a topic I have spoken about in each of my past speeches. Then, I will discuss two very important FCPA cases we brought recently – our case against […]
Barry Vitou: Is the SFO here to stay? – The FCPA Blog
Barry Vitou, a partner in Pinsent Masons in London and head of their Global Corporate Crime Team, talked with me this week about the future of the SFO. We also talked about the “Blockbuster Funding” the SFO uses for special investigations, morale at the organization, and the challenges the SFO faces dealing with the press, […]
Can Cybersecurity Whistleblowers Receive Monetary Awards from the SEC? – Lexology
The viability of a cybersecurity whistleblowing tip under the SEC Whistleblower Reward Program is no longer a question. In June 2016, the SEC announced a $1 million penalty levied against Morgan Stanley Smith Barney LLC for cybersecurity violations that, when coupled with a related criminal action, totaled $1.6 million. We may never know whether a […]
New York Court Upholds Insider-Trading Verdict | The National Law Review
U.S. District Judge Jed Rakoff denied motions for judgment as a matter of law or for a new trial after a jury found the defendants civilly liable for insider trading. The decision in SEC v. Payton (S.D.N.Y. Nov. 29, 2016) held that the jury had sufficient evidence to conclude that the initial tipper of inside information had […]
Preet Bharara meets Trump, agrees to stay on as US attorney – Times of India
“The President-elect asked, presumably because he’s a New Yorker and is aware of the great work that our office has done over the past seven years, asked to meet with me to discuss whether or not I’d be prepared to stay on as the United States attorney to do the work as we have done […]
Steven Cohen, SAC Reach $135 Million Insider-Trading Settlement – WSJ
Billionaire Steven A. Cohen and his former hedge fund SAC Capital Advisors agreed to a $135 million class-action settlement Wednesday, bringing legal costs tied to SAC-related insider-trading cases close to $2 billion. The new amount will be paid to investors in Elan Corp., now a part of Perrigo Co. Elan played a part in a […]
SEC to Face More Pressure on Enforcement Forum Choices | Bloomberg BNA
Republican lawmakers want to curb the SEC’s authority to bring enforcement actions using in-house tribunals—unless the agency moves first. Parties sued in the administrative forum could move the case to federal court under legislation (H.R. 5983) approved in September by the House Financial Services Committee. via SEC to Face More Pressure on Enforcement Forum Choices […]
Dodd-Frank critic Paul Atkins in frame for top SEC post
The Securities and Exchange Commission may come to resemble its pre-crisis self under Donald Trump, if the legacy, testimony and votes of the man advising the president-elect on financial regulation are any guide to the policies investors and Wall Street can expect. ? via Dodd-Frank critic Paul Atkins in frame for top SEC post — […]
Securities Docket News Wire for November 30, 2016
Get caught up with the Securities Docket News Wire for November 30, 2016.