• Home
  • About
  • Webcasts
  • ‘Enforcement 40’ for 2020
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Securities-Docket-Leaderboard_9Sec
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / Dismissals

Dismissals

Ex-SAC Trader Lee Wins Insider-Case Dismissal After Plea (2)

By Securities Docket on November 8, 2019, 9:19 am

A former trader at SAC Capital Advisors LP who admitted to making illegal insider trades, cooperated with the government, and later sought to withdraw his guilty plea has prevailed in his years-long fight to clear his name. Federal prosecutors on Thursday dismissed their case against Richard S. Lee, who was the center of a prosecution […]

Posted in Criminal, Top | Tagged Dismissals, SAC

SEC drops Onyx insider trading lawsuit against Dubai men | Reuters

By Securities Docket on September 16, 2015, 6:08 pm

Without explanation, the SEC asked U.S. District Judge Paul Oetken in Manhattan to dismiss its case against Dhia Jafar and Omar Nabulsi without prejudice, and lift a $2.55 million asset freeze on two accounts they held at Citigroup, according to a Tuesday court filing. via SEC drops Onyx insider trading lawsuit against Dubai men | […]

Posted in SEC, Top | Tagged Dismissals

U.S. court faults SEC trial strategy against broker, tosses verdict | Reuters

By Securities Docket on May 19, 2014, 3:16 pm

Faulting the U.S. Securities and Exchange Commission’s trial strategy, a federal appeals court on Monday overturned a jury’s finding that a former Prudential Securities broker committed civil fraud by rapidly trading mutual funds. The 2nd U.S. Circuit Court of Appeals in Manhattan said the evidence did not support a December 2011 negligence verdict against Frederick […]

Posted in SEC, Top | Tagged Dismissals, Trials

Judge recommends dismissal of US suit against BofA — Reuters

By Securities Docket on March 28, 2014, 7:58 am

A U.S. magistrate judge recommended dismissal of a lawsuit against over $850 million in mortgage debt, according to a court filing. A federal judge has recommended dismissal of a U.S. government lawsuit accusing Bank of America of defrauding investors into buying about $855 million of mortgage securities that soured during the global financial crisis. via […]

Posted in Class Actions, Top | Tagged Dismissals, Mortgage-Backed Securities

Zynga wins dismissal of fraud lawsuit linked to IPO — Reuters

By Securities Docket on February 26, 2014, 8:58 am

U.S. District Judge Jeffrey White in San Francisco said that despite their “excessively long and prolix” 110-page complaint, the shareholders failed to include “relevant, basic factual details” to support their claims against Zynga, company officials including founder Mark Pincus, and underwriters led by Morgan Stanley and Goldman Sachs & Co. via Zynga wins dismissal of […]

Posted in Class Actions, Top | Tagged Dismissals

UBS ruled not liable to U.S. shareholders for rogue trader — Reuters

By Securities Docket on December 14, 2013, 7:34 am

U.S. securities laws have their limits and do not justify making UBS AG liable to shareholders for touting its ability to control risk even as it harbored a rogue trader who caused $2.3 billion of losses, a federal judge ruled on Friday. via UBS ruled not liable to U.S. shareholders for rogue trader — Reuters

Posted in Class Actions, Industry, Top | Tagged Dismissals

U.S. judge throws out SEC lawsuit over ‘suspicious’ Onyx trading — Reuters

By Securities Docket on November 23, 2013, 11:42 am

Two traders have won the dismissal of a U.S. Securities and Exchange Commission lawsuit accusing them of insider trading in Onyx Pharmaceuticals Inc as the company considered a takeover bid from rival Amgen Inc . The decision by U.S. District Judge Paul Oetken in Manhattan, made public Friday, marked a setback in what has become […]

Posted in SEC, Top | Tagged Dismissals, Insider Trading

Former Hewlett-Packard CEO Hurd wins dismissal of securities-fraud suit – NYPOST.com

By Securities Docket on August 13, 2013, 10:40 am

Hewlett-Packard and its former chief executive, Mark Hurd, won the dismissal of a securities-fraud lawsuit that alleged the computer maker didn’t abide by its standards of business conduct as Hurd allegedly engaged in sexual harassment. A US federal judge found HP’s ethics statements were too vague. via Former Hewlett-Packard CEO Hurd wins dismissal of securities-fraud […]

Posted in Class Actions, Top | Tagged Dismissals

Institutional-Grade Lawsuits: Fewer Dismissals, Larger Settlements — Asset International

By Securities Docket on July 25, 2013, 7:11 pm

Securities class action lawsuits have a better chance of going the distance with judges when they are led by institutional investors, a study has found. Between 1996 and 2010, judges dismissed 35% of cases led or co-led by an institutional investor, and 42% that weren’t. Stanford University’s law school and New York-based Cornerstone Research collaborated […]

Posted in Class Actions, Top | Tagged Dismissals, Institutional Investors, Settlements

Bank in Madoff Case Settles With Some Plaintiffs and Gets Favorable Jury Ruling – DealBook

By Securities Docket on July 19, 2013, 11:35 am

Westport National Bank and its parent company, Connecticut Community Bank, were not liable for the losses of investors in Bernard Madoff’s vast Ponzi scheme in its role as a custodial bank, a jury found on Wednesday. Separately, the bank agreed to pay $7.5 million to 240 investors in a related case, a lawyer for the […]

Posted in Criminal, Industry, Top | Tagged Dismissals, Madoff, Settlements

Next »

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2021 Securities Docket.

Powered by WordPress and Hybrid.