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Join the Securities Litigation and Enforcement Group on LinkedInSCAS Again Ranks Bernstein Litowitz Among Top Securities Litigation Firms in the Nation; Over $2 Billion Recovered; Highest Average Recovery
According to data compiled by ISS’s Securities Class Action Services (“SCAS”), BLB&G again was atop the “SCAS 50” rankings, with the largest average recovery amount among the top firms – nearly $145 million per case – and obtaining over $2 billion in recoveries in 2016 through 14 settlements. via SCAS Again Ranks Bernstein Litowitz Among […]
SEC Issues Unusual Litigation Release Announcing Defeat in Mark Cuban Trial – Compliance Week
The SEC has always been quite consistent about issuing Litigation Releases about new cases and following litigation victories, but it very rarely issues Litigation Releases about its losses. Today, however, the SEC did issue an unusual Litigation Release noting its defeat last week in the high-profile Mark Cuban insider trading trial. via SEC Issues Unusual […]
Mum’s the Word About SEC Defeats – WSJ.com
More than three months ago, the Supreme Court unanimously dismissed Securities and Exchange Commission penalty claims against investment adviser Marc Gabelli because the SEC 5304.OK -11.05% took too long to file its case. But you wouldn’t know that if you monitored the case on the SEC website. You’d find the regulator’s initial fraud allegations against Mr. […]
SEC Wordplay, Volume I: Football Coaches, Movie Stars, Astrologists and Doctors
The first in what will likely be a series of posts collecting the SEC’s efforts at wordplay related to defendants’ occupations.
Unusual Cases Spark Creativity in SEC Press Releases
Unusual cases sometimes spark SEC creativity in press releases.
Hoax Press Release Prompts SEC Investigation
Hoax press release suggested President Obama had ordered an investigation into General Mills’ supply chain.
Fake Press Release Scam Fails for Umpteenth Time in a Row
The SEC announced today that it has charged Richard Karp with fraud for writing and disseminating a fake press release that, when reported in the media, caused a company’s stock price to spike and allowed him to make thousands of dollars in illicit profits. This marks the [insert your own large number here] time in […]
Overstock CEO Byrne Gives New SEC Rules on Naked Short-Selling Thumbs Down, Zero “Yipikayes”
Overstock.com CEO Patrick “Yipikaye” Byrne is, umm, not impressed with the SEC’s new rules against naked short selling. Here is his “PG-13”-rated press release/rant.