‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInThe SEC’s Whistleblower Bounty Program Needs Reform | ThinkAdvisor
However, encouraging more tips, rather than focusing on ways to improve the quality of the massive number of tips the SEC already receives, may bog down a program that already appears to struggle. As it happens, the SEC only investigates a small number of the tips it receives, and only an infinitesimal number of the […]
Chubb Sounds Securities Litigation Alarm, Calls for Reform | The D&O Diary
In the face of these alarming trends, the report advocates a number of reforms. First and foremost, the report advocates Congressional enactment of legislation overturning Cyan. Companies, the study notes, “should not have to incur the risk and costs of defending themselves in two or more different courts simultaneously.” Congress, the report suggests, should adopt […]
Volcker urges sweeping regulatory reform – MarketWatch
The report outlines “much-needed reform of the financial regulatory structure” and calls for urgency in implementing reforms. A major change the Volcker report advocates is combining the Securities and Exchange Commission, the main regulator of securities, and the Commodity Futures Trading Commission, which oversees futures and options, into a new regulator designed to better protect […]
Reader Poll on Prof. Adam Pritchard’s Securities Class Action Reform Initiative
University of Michigan Law School Professor Adam Pritchard’s idea to reform securities class actions via shareholder proposal has moved from a purely academic discussion to the real world, and has been submitted to Alaska Air (details here). What are this proposal’s chances? Please click on the “Read full story” link below to vote.
Prof. Adam Pritchard and Securities Class Action Reform: “The Revolution Has Begun (Maybe)”
University of Michigan Law School Professor Adam Pritchard’s recent proposal to reform securities class actions via shareholder proposal has moved from a purely academic discussion to the real world. Prof. Pritchard reports today that a shareholder in Alaska Air has submitted a proposal to the company under Rule 14a-8 to amend Alaska Air’s certificate of […]