‘Enforcement 40’ for 2020
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By Securities Docket on May 2, 2013, 8:29 am
In a 61-page brief filed on Wednesday, Facebook’s lawyers at Kirkland & Ellis and Willkie Farr & Gallagher moved to dismiss consolidated securities litigation over the IPO. Contrary to a slew of complaints filed by plaintiffs lawyers, they argued that Facebook adequately warned investors in the run-up to the IPO that increased mobile usage might […]
By Securities Docket on April 16, 2013, 6:34 am
Judge Rakoff denies motion by Madoff trustee to block a $410 million settlement between NY Attorney General Eric Schneiderman and hedge fund manager Ezra Merkin.
By Securities Docket on April 11, 2013, 10:09 am
Second Circuit becomes second appeals court to rule against Madoff victims seeking to impose liability against the SEC for the agency’s alleged negligence.
By Securities Docket on April 11, 2013, 6:36 am
That’s outside of the United States, though. In this country, Aubin found, shareholders rarely even bother to name audit firms as defendants in class actions: Only two securities class actions filed in 2012 made claims against top audit firms. And if you want to know why, read U.S. District Judge Shira Scheindlin’s 72-page opinion Monday […]
By Securities Docket on April 9, 2013, 7:33 am
Court finds investors failed to show Deloitte unit had any motive to commit fraud or that it made any material misstatements in its audit opinions of Longtop.
By Securities Docket on February 20, 2013, 9:45 am
Court dismisses SEC lawsuit against former Siemens AG executive that alleged role in an Argentine bribery scheme.
By Securities Docket on January 29, 2013, 11:20 am
Like district courts before it, Ninth Circuit rejects class action lawsuits against the SEC for Madoff losses.
By Securities Docket on January 4, 2013, 8:02 am
Indian business leaders who got swept up in the accounting scandal known as “India’s Enron” escaped a U.S. shareholder class action this week, thanks to their lawyers at Weil Gotshal & Manges, Cooley, and Debevoise & Plimpton. In a 71-page ruling issued on Wednesday, U.S. District Judge Barbara Jones in Manhattan dismissed securities fraud claims […]
By Securities Docket on December 28, 2012, 11:09 am
New York court finds Porsche established that the state was the wrong place in which to bring lawsuit.