Daily Archives: June 1, 2020, 10:27 am

U.S. Supreme Court rebuffs investors’ bid to block Madoff trustee lawsuits – Reuters

The U.S. Supreme Court on Monday refused to hear a bid by major banks and companies including Koch Industries Inc to prevent a trustee chasing money for victims of imprisoned Ponzi scheme swindler Bernard Madoff from recouping funds that were transferred overseas. The justices left in place a lower court’s ruling that revived dozens of lawsuits filed by Irving Picard,…

Read More

Tips to SEC Surge as Working From Home Emboldens Whistleblowers – WSJ

The U.S. Securities and Exchange Commission received about 4,000 tips, complaints and referrals of possible corporate wrongdoings from mid-March to mid-May, said Steven Peikin, co-director of the SEC’s enforcement division. That number is 35% higher than it was in the same period last year. The tips have led to hundreds of new investigations—“many Covid-19 related, but many in other traditional…

Read More

Life Sciences Companies: Frequent Securities Suits Frequently Dismissed | The D&O Diary

As I have documented in prior posts (for example, here), publicly traded life sciences companies are frequent targets of securities class action lawsuits. But life sciences companies’ securities litigation exposure may be well-known, it is not always as appreciated that the securities suits against life sciences companies are often dismissed. Two recent rulings in securities suits against life sciences companies…

Read More