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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInWhat a Judge’s Rare Reversal Means in the Platinum Partners Fraud Case – The New York Times
Judge Brian M. Cogan found there was insufficient evidence of criminal intent to convict Mr. Levy, and granted Mr. Nordlicht a new trial. In July, a jury had found the men, both executives at Platinum Partners, guilty of securities fraud, conspiracy to commit securities fraud and conspiracy to commit wire fraud. The case revolved around […]
Appeals Court Revives Insider Trading Case Against Obus
Second Circuit revives decade-old SEC insider-trading case against Nelson J. Obus, a New York hedge fund manager.
In ‘Squawk Box’ Case, a Delicate Line for Prosecutors
Appeals court reverses convictions of six brokers and traders in “squawk box” case.
Appeals Court Reverses Convictions in ‘Squawk Box’ Trial
In a setback for the government, a group of ex-stock brokers and day traders have won a reversal of their criminal convictions from a federal appeals court three years after they were found guilty of using brokerage-firm “squawk boxes” to gain an improper advantage in trading stocks. via Appeals Court Reverses Convictions in ‘Squawk Box’ […]
Conviction of Former Refco Lawyer Is Overturned
Appeals court reverses conviction of Joseph P. Collins, a former outside lawyer to Refco.
Fourth Circuit Reverses Dismissal of Securities Class Action Against Janus Capital Group
On May 7, 2009, the U.S. Court of Appeals for the Fourth Circuit reversed a lower court ruling dismissing a securities class action against Janus Capital Group. The Fourth Circuit held that plaintiffs’ claim against a subsidiary, Janus Capital Management, for violation of section 10(b) of the Exchange Act had been adequately pled, as was […]