‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInFormer Tesco director is acquitted over £250m fraud scandal | Stock Daily Dish
Ex-Tesco director is acquitted over £250m fraud scandal as Serious Fraud Office offers no evidence – just weeks after judge dismissed case against his two colleagues for being too ‘weak‘ Tesco‘s former UK finance director has been cleared over a £250 million fraud and false accounting scandal after the scandal-hit Serious Fraud Office (SFO) dropped […]
Dentist, Claiming Tip Was a Rumor, Wins Insider Trading Case — SEC Actions
A jury found Jessie Roberts, a Louisiana dentist who claimed what the government called an illegal tip was just a rumor, not guilty of insider trading. U.S. v. Roberts, No. 15-ct-00020 (M.D. La. Filed Feb19, 2015). The case centered on trading in advance of the acquisition of the Shaw Group, Inc. by Chicago Bridge & […]
Ruston dentist acquitted of insider trading related to sale of Shaw Group in Baton Rouge | theadvocate.com
Federal prosecutors had alleged that Jesse H. Roberts III reaped a $700,000 profit from confidential information allegedly provided by his brother-in-law, Scott David Zeringue. Roberts was found not guilty on one count each of securities fraud and conspiracy to commit securities fraud. He did not testify in his own defense. The jury deliberated for about […]
Australia: ASIC loss in Opes case renews corporate crime debate — The Australian
Former Opes Prime director Julian Smith walked away from the Victorian Supreme Court yesterday a free man, not guilty of any crime associated with the $700 million collapse of the company. The acquittal of Smith on charges he duped a bank into lending him $95 million just days before Opes Prime collapsed is a loss […]
Court Acquits Ex-Nortel Executives of Fraud Charges
Nortel’s former chief executive, chief financial officer, and corporate controller found not guilty of misstating Nortel’s financial results between 2000 and 2004.
Compiling Acquittals in Insider Trading Prosecutions in the Past 25 Years
Acquittals in insider trading cases are rare but it turns out that they do exist.
Citi Verdict Deals Blow to U.S. Efforts in Crisis-Era Cases
Stoker verdict a setback in government’s effort to pursue individuals for conduct in financial crisis.
Ex-hedge fund chief Lauer acquitted in fraud case
Lauer acquitted by federal jury of securities fraud and related charges.
Stanford Financial Employees Acquitted in Shredding Case
Judge finds evidence of intent “substantially lacking.”
Judge Dismisses Charges Against Remaining Broadcom Defendants
Citing prosecutorial misconduct, court dismisses charges against two remaining Broadcom defendants.