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Join the Securities Litigation and Enforcement Group on LinkedInAlston & Bird Welcomes Former Federal Prosecutor Joey Burby as Litigation Partner in Atlanta | News & Insights | Alston & Bird
Alston & Bird has expanded its white-collar defense and corporate investigations capabilities with the addition of former federal prosecutor Joseph Burby, who rejoins the firm as partner in Atlanta. He arrives from Bryan Cave Leighton Paisner LLP, where he was a partner for 13 years. via Alston & Bird Welcomes Former Federal Prosecutor Joey Burby […]
Legal Department Leak Leads to Insider Trading Charges Against AIG Employee | Corporate Counsel
Insider trading charges against a former legal department worker at an American International Group Inc. subsidiary shows how careful in-house law departments must be in guarding their confidential information. The U.S. Securities and Exchange Commission on Thursday said it reached a consent agreement with Jon Aronson, a former senior administrative assistant in the subsidiary’s legal […]
Morgan Stanley confirms to acquire ETrade in $13 billion all-stock deal – MarketWatch
Morgan Stanley MS, -3.32% confirmed Thursday that is acquiring E*Trade Financial Corp. ETFC, +25.06% in an all-stock deal valued at $13 billion. Morgan Stanley will pay 1.0432 of its shares for each E*Trade share, equal to $58.74 based on its closing price Feb. 19. The deal “will significantly increase the scale and breadth of Morgan […]
Whistleblowers Finding System Stacked Against Them – Government Accountability Project
Hong, a former managing director for an RBS subsidiary, reported wrongdoing at RBS to the Securities and Exchange Commission (SEC) in 2014. He says he provided thousands of documents and internal RBS emails to investigators as part of his testimony. Hong says the SEC handed his evidence off to other agencies—the DOJ and the Federal […]
SEC Charges Global Alcohol Producer with Disclosure Failures
According to the SEC’s order, employees at Diageo North America (DNA), Diageo’s largest and most profitable subsidiary, pressured distributors to buy products in excess of demand in order to meet internal sales targets in the face of declining market conditions. The resulting increase in shipments enabled Diageo to meet performance targets and to report higher growth […]
Former SEC Trial Lawyer Haima Marlier Joins Morrison & Foerster as a Partner in New York | Morrison & Foerster
Morrison & Foerster, a leading global law firm, is pleased to announce that Haima Marlier has joined the firm in its New York office as a partner in its Securities Litigation, Securities Enforcement, and Investigations + White-Collar Defense Groups. Ms. Marlier joins Morrison & Foerster from the Enforcement Division of the New York office of […]
ISS Releases 2019 Top 100 Securities Class Action Lawsuit Settlements List | The D&O Diary
As was the case for the last two reporting years, there were relatively few larger securities class action lawsuit settlements during 2019 compared to prior years. As reported in latest large securities class action lawsuit settlement report from ISS Securities Class Action Services (ISS), there were only two settlements finalized in 2019 large enough to […]
Trump pardons Michael Milken, grants clemency to Kerik, Blagojevich
President Donald Trump issued a pardon Tuesday to Michael Milken, the former junk bond king who was a face of the insider trading scandals of the 1980s. Trump, in announcing the pardon, cited the “incredible job” that Milken has done supporting cancer research since pleading guilty in 1990 to racketeering and securities fraud charges. Milken, […]
London hedge funds’ websites cloned as scammers grow bolder and more ubiquitous – Reuters
Some of London’s top hedge funds and asset managers are among those that have been targeted by rogue internet operators who clone their names and websites in an attempt to part unsuspecting investors from their cash. via London hedge funds’ websites cloned as scammers grow bolder and more ubiquitous – Reuters.
David Ruder, SEC chair during 1987 crash, dies at 90 – BNN Bloomberg
David Ruder, a former chairman of the U.S. Securities and Exchange Commission whose off-the-cuff comments may have fanned panic selling on what became known as Black Monday, has died. He was 90. He died on Feb. 15, according to Northwestern University, where he served as dean of the law school from 1977 to 1985. No […]