‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSen. Reed Working With SEC to Craft Legislation Doubling Statute of Limitations – Compliance Week
The SEC lost its recent Supreme Court battle over when the clock begins to tick on its five-year statute of limitations to bring fraud cases. It may still win the war on this issue, however, if legislation being developed by U.S. Senator Jack Reed of Rhode Island becomes law. Reuters reports that Sen. Reed is […]
Total S.A. FCPA Actions Hearken Back to Time of Tupac Shakur, Beepers — Cady Bar the Door
Remember 1995? It was a long time ago, so you can be forgiven for not recalling much of it. To re-orient you: it was President Clinton’s first term; the Oklahoma City bombing happened in April; a jury found O.J. Simpson not guilty of two murders; Apple was still trying to sell the Newton. And Total, […]
Sides staring each other down as deadline nears in SAC insider-trading case – The Washington Post
The outcome involves high stakes for both Cohen and the government, experts tracking the case said. Prosecutors have been working their way up the hierarchy at the hedge fund for years, they said, and this case gives them their best shot at Cohen — if they can act before the five-year statute of limitations lapses […]
Samuel Wyly seeks to throw out SEC’s insider-trading case
Wyly argues that Supreme Court’s Gabelli decision shows SEC waited too long to sue him for civil penalties for alleged insider trading.
For S.E.C., a Setback in Bid for More Time in Fraud Cases – DealBook
The Supreme Court’s decision puts increased pressure on the S.E.C. to pursue its investigations “with greater alacrity and not let them gather dust.”
High court limits SEC authority to seek penalties – Reuters
Supreme Court limits authority of SEC to seek civil penalties over conduct that is more than five years old.
Justices Skeptical of SEC
Supreme Court voices skepticism over bid by SEC to relax time limits for seeking civil penalties in fraud cases.
Mizuho to Pay $127.5 Million to End Crisis-Era Case
SEC racing against the five-year statute of limitations.
When is a Securities Suit Stale?
New case illustrates kinds of filings that Supreme Court’s Merck decision may encourage and the problems these cases may present.