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The defense attorney for a Southern California CEO accused of insider trading told a federal jury Wednesday that the prosecution’s theory of the case makes no sense — and the prosecutor responded that the defense explanation is ridiculous. via Defense & Government Bash One Another in Insider Trading Trial
The mania has also gotten the attention of regulators at the Securities and Exchange Commission and the Commodity Futures Trading Commission. But both can only look on — perhaps in horror — at what is happening. Laws adopted decades ago give the two regulators little authority to engage in oversight of the burgeoning market in […]
For calendar 2017, Securities Class Action Services LLC (“SCAS”) recorded 162 approved securities class action settlements, two of which are included in SCAS’ Top 100, which charts the largest U.S. class action settlements since passage of the Private Securities Litigation Reform Act of 1995. Collectively, 2017 delivered $2.1 billion in settlement funds for distribution…. via […]