‘Enforcement 40’ for 2020
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By Securities Docket on August 19, 2009, 2:17 pm
Prosecutors revealed new allegations against Ralph Cioffi in an August 18 letter to U.S. District Judge Frederic Block.
By Securities Docket on August 19, 2009, 1:11 pm
J. Travis Laster, a partner with Abrams & Laster in Wilmington, Delaware, has been nominated by Gov. Jack Markell for the vacant seat on Delaware’s prestigious Court of Chancery.
By Securities Docket on August 19, 2009, 12:01 pm
Judge Crotty of the SDNY granted preliminary approval for BMS’ settlement in the Plavix securities class action.
By Securities Docket on August 19, 2009, 9:56 am
Allen Stanford motion to remove the judge overseeing his case has been denied. CNBC reports that a federal appeals court denied Stanford’s petiton to remove U.S. District Judge David Hittner from his criminal case due to “unexplained hostility” by Hittner. Stanford filed the motion after Hittner denied Stanford’s motion to be moved to a jail closer to Houston, and blocked Stanford’s plans to change attorneys.
By Securities Docket on August 19, 2009, 6:55 am
9th Circuit Reverses Reyes’ Backdating Conviction; Saudi Bishah chairman jailed for insider trading; Options Backdating Likely More Widespread Than Believed, Study Finds.
By Securities Docket on August 18, 2009, 7:59 pm
Today, the 9th Circuit reversed former Brocade CEO Gregory Reyes conviction for options backdating. Reyes had been convicted on ten counts of fraud in a criminal case, and sentenced to 21 months in prison and a $15 million fine. CNBC reports that the 9th Circuit, however, reversed the conviction because of prosecutorial misconduct, setting aside […]
By Securities Docket on August 18, 2009, 10:50 am
In this Sponsor Spotlight, we speak with Jim Barratt of Alvarez & Marsal. Jim is a Managing Director with Alvarez & Marsal Dispute Analysis & Forensic Services in Washington, D.C.
By Securities Docket on August 18, 2009, 6:55 am
Options Backdating Likely More Widespread Than Believed, Study Finds; Former Broker at Credit Suisse Found Guilty of Fraudulently Selling Subprime Securities; Two U.S. producers’ film fest at heart of their FCPA bribery trial; Ex-Stanford adviser says she warned SEC about bad CDs; Justice Dept. won’t appeal Nacchio resentencing ruling; NY Attorney General Cuomo Sues Charles Schwab Corp. Over Auction-Rate Securities; SDNY’s Bharara Names Prosecutors for Senior Positions; Prof. Bainbridge: Time to Ban Insider Trading by Congress; Stanford Investigators Turn Sights Toward Banks.
By Securities Docket on August 17, 2009, 1:43 pm
Preet Bharara (pictured), the new U.S. attorney for the SDNY, today promoted several prosecutors in the office to key senior positions. Bharara was confirmed as U.S. Attorney for the office on August 7. Reuters reports that Bharara’s promotions included the following attorneys: Boyd Johnson was named deputy U.S. attorney. He was previously chief of the […]
By Securities Docket on August 17, 2009, 12:21 pm
Noted law professor Stephen Bainbridge has written a new paper entitled “The Stop Trading on Congressional Knowledge Act” in which he takes a hard look at an issue that we have discussed here recently, as well: whether members of Congress can be held liable for trading on the basis of material nonpublic information.