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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInFCPA Conviction Verdict of Former Alstom SA Exec. Tossed
On February 26, 2020, Judge Janet Bond Arterton, a federal judge for the District of Connecticut, overturned a former Alstom SA executive’s conviction under the Foreign Corrupt Practices Act (FCPA) relating to a project to build power plants in Indonesia. Judge Arterton found that, despite a jury verdict to the contrary, prosecutors failed to prove […]
The SEC May Lose Again in the Supreme Court in ‘Liu v. SEC’ | The Recorder
In the end, although the oral argument will be telling, the Supreme Court seems unlikely to conclude that the SEC can continue to obtain disgorgement, in its current form, when the SEC sues a defendant in court. It is theoretically possible that the Court could cut the disgorgement remedy back without eliminating it entirely—for instance, […]
Collins files paperwork seeking 5-week delay for prison sentence | wgrz.com
Former Congressman Chris Collins is seeking a five-week delay in starting his prison sentence for insider trading. The legal team for Collins, who was sentenced to 26 months in prison on January 17, filed paperwork on Friday asking that his report date be pushed back to 2 p.m. on April 21. via Collins files paperwork […]
Kelly L. Gibson Named Director of SEC’s Philadelphia Office
The Securities and Exchange Commission today announced that Kelly L. Gibson has been named Director of the Philadelphia Regional Office. Ms. Gibson joined the SEC in 2008 as a staff attorney in the Division of Enforcement in the Philadelphia office. When the division was reorganized in 2010, she joined the Market Abuse Unit. In 2013, […]
Antonia Chion, Associate Director of SEC’s Enforcement Division, to Retire After 32 Years of Service
The Securities and Exchange Commission today announced that Antonia Chion, an Associate Director of the Division of Enforcement in the Home Office, is retiring after 32 years at the agency. During her three-decade tenure, Ms. Chion has overseen hundreds of enforcement investigations and actions arising from all aspects of the SEC’s regulatory and enforcement programs, including […]
Judicial Inconsistency Frustrates Purpose of Insider Trading Law, Rakoff Says | New York Law Journal
U.S. District Judge Jed S. Rakoff of the Southern District of New York, in an interview with former Manhattan U.S. Attorney Preet Bharara, on Friday criticized the “judge-made” nature of federal insider trading law and called on Congress to address various “difficulties” that had been created by inconsistent court rulings. Rakoff, a 24-year veteran of the U.S. […]