Daily Archives: April 26, 2017, 10:48 am

SEC Awards Nearly $4 Million to Whistleblower

The Securities and Exchange Commission today announced an award of nearly $4 million to a whistleblower who tipped the agency with detailed and specific information about serious misconduct and provided additional assistance during the ensuing investigation, including industry-specific knowledge and expertise. via SEC.gov | SEC Awards Nearly $4 Million to Whistleblower

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Expected Supreme Court SEC ruling may help predict D&O losses | Business Insurance

The U.S. Supreme Court is expected to rule that the U.S. Securities and Exchange Commission is limited to a five-year period to recover funds that were deemed illegally obtained, based on last week’s oral arguments, experts say. They say such a ruling by the high court in Charles Kokesh v. Securities and Exchange Commission will provide more certainty to directors…

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SCAS Again Ranks Bernstein Litowitz Among Top Securities Litigation Firms in the Nation; Over $2 Billion Recovered; Highest Average Recovery

According to data compiled by ISS’s Securities Class Action Services (“SCAS”), BLB&G again was atop the “SCAS 50” rankings, with the largest average recovery amount among the top firms  – nearly $145 million per case – and obtaining over $2 billion in recoveries in 2016 through 14 settlements. via SCAS Again Ranks Bernstein Litowitz Among Top Securities Litigation Firms in…

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This app shows you white-collar criminals – Business Insider

A new app and website called White Collar Crime Risk Zones , which goes by the initials WCCRZ, shows exactly what neighborhoods are chock full of financial criminals, how much damage they’re doing and even what they might look like. Using data from the Financial Industry Regulatory Authority, a team of technologists affiliated with the left-wing magazine  New Inquiry created…

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Former Expedia IT employee get 15 months in U.S. prison for insider trading — Reuters

A former Expedia Inc computer support technician was sentenced to 15 months in prison on Tuesday after admitting he stole confidential information from senior executives’ emails to profit from insider trading. Jonathan Ly, 28, was sentenced by U.S. District Judge John Coughenour in Seattle after pleading guilty in December to a securities fraud charge for having engaged in an insider…

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