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Join the Securities Litigation and Enforcement Group on LinkedInRare Jury Verdict in Securities Fraud Lawsuit | The D&O Diary
Regular readers of this blog know that class action securities fraud lawsuits almost never go to trial. But “almost never” is not the same as “never.” Every now and then, there is an unusual case that does go to trial. This past week, a federal court jury reached a verdict in one of those rare […]
A former banker accused of leaking deal tips to his dad was convicted of insider trading — again – Pulse Ghana
The second time isn’t a charm for Sean Stewart. The former managing director of Perella Weinberg Partners was convicted of insider trading for leaking information to his father, on Monday. The trial was the second time Stewart’s case has been heard in court, and the second time he’s been found guilty. The jurors deliberated for […]
SEC Wins Jury Trial Against Broker Charged with Insider Trading
Today, jurors in Atlanta federal court returned a verdict finding New Jersey securities broker Raymond J. Pirrello, Jr. liable for insider trading in advance of three merger and acquisition transactions. via SEC Wins Jury Trial Against Broker Charged with Insider Trading.
SEC Loses Second Insider-Trading Case in Seven Days – Law Blog – WSJ
The Securities and Exchange Commission lost its second insider-trading trial in the space of seven days, when a federal jury on Friday cleared a former chief executive of a California chip maker via SEC Loses Second Insider-Trading Case in Seven Days – Law Blog – WSJ.
All Five Madoff Employees Found Guilty Of Fraud – Law Blog – WSJ
Five former employees of Bernie Madoff were found guilty on Monday of helping the imprisoned Ponzi schemer perpetrate the largest financial fraud in history. The defendants — two trading managers, two computer programmers and his firm’s director of operations — were found guilty of securities fraud and of conspiracy to defraud investors. via All Five Madoff […]
Canada: Five found guilty of insider trading in Eveready deal
Five men found to have engaged in illegal insider trading in shares of Eveready Inc.
The Verdict on Galleon’s Raj Rajaratnam
Rajaratnam found guilty of all 14 counts of securities fraud and conspiracy.
SEC v. Rorech: Agency Swaps Defeat for Progress in Its Derivative Enforcement Program
SEC loses battle against defendants but gains a crucial jurisdictional victory in derivatives area.
Ninth Circuit Reinstates $277.5M Jury Verdict Against Apollo Group
Lower court had previously thrown out jury verdict in 2008.
Florida Court Overturns $521M Verdict in BDO Seidman Case, Orders New Trial
Florida appeals court rules trial was improperly split into three phases.