Securities Archive » October, 2011

Securities - October, 2011

351 articles

• CFTC Follows SEC In Adopting Adviser Reporting Rule
• Brokerage Sues Ex-Employee, Others Over Stolen Data
• Fed Didn't Document Authority For AIG Bailout: GAO
• Ex-ABB Exec Says Prosecutors Withheld Info In Bribe Case
• No Bail For Ex-Terra VP Convicted Of Bribery
• Schwab ARS Fraud Claims Too Thin To Continue: Judge
• Navistar Wins Remand Of $500M Deloitte Malpractice Suit
• REIT NorthStar Secures $100M For CMBS Buys
• High Court Won't Hear Boeing Workers' Media Leak Case
• PE Hotspot: New India Takeover Rules Could Boost Activity
• Tips For Adapting To The UK Bribery Act
• Ex-State Street Execs Cleared Of SEC Fraud Claims
• Madoff Feeder Seeks $919M From Investment Manager
• Beazer Accounting Head Found Guilty Of Securities Fraud
• Oil Co. Investors Ask High Court To Chuck Ch. 11 Ruling
• Rajaratnam May Face $100M In Additional Penalties
• Madoff Victims Seek To Revive $2.4M Suit Against SEC
• McGuireWoods Nabs Securities, Antitrust Pro From Sullivan
• Ex-Nixon Peabody Atty Takes Aim At Firm Over SEC Probe
• 2nd Circ. Nixes Arbitration Bid In $9M Wachovia CDS Case
• U Of Phoenix Investor Suit Doesn't Make The Grade: Judge
• HealthSpring Investor Tries To Halt Cigna Purchase
• Aussie Fund Seeks $1B From Goldman Over Toxic Assets
• Implementing A Global Anti-Bribery Compliance Program
• Judge Whittles Claim From SEC's Suit Over CDO Fraud
• 4Kids, Lehman Reach Deal In $36M ARS Dispute
• Willis Group Beats Stanford Investors' Fraud Suit
• Rothstein Trustee Sues Firm's GC For $38M
• Gabon FCPA Informant Defends Lies While Helping FBI
• SEC, Investor Flak Drives Nine MBS Hedge Funds To Ch. 11
• 11th Circ. Splits Over Condos As Investment Contracts
• Former Le-Nature's Consultant Gets 10 Years For Fraud
• Madoff Trustee Targets HSBC Unit In $86M Clawback Suit
• Kraft Workers Lose Bid For Class Cert. In ERISA Row
• Trader To Pay $4.4M To End CFTC's Ponzi Scheme Suit
• Judge Questions Citi's $285M CDO Deal With SEC
• Investment Fraudsters Must Pay $115M: 11th Circ.
• West End Boss Can't Shake SEC Case Over $67M Fraud
• Aeropostale's False Statements Caused Stock Dive: Suit
• Avon Faces SEC Probe Of Analyst Contacts, FCPA Claims
• PwC Ducks 2 Hedge Fund Claims In Refco MDL
• Why Are Rating Agencies Still Getting A Free Pass?
• SEC Says Ex-FINRA Director Altered Documents
• 2 More Ex-Innospec Execs Charged With Bribery In UK
• House Panel OKs Bills To Help Private Cos. Raise Capital
• Insurers, Others Fight Rothstein Ch. 11 Consolidation
• CFTC Accuses Couple Of Running $2M Forex Scam
• Investor Sues Google Directors Over Online Drug Sales
• DLA Piper Adds Luce Forward REIT Pro
• Mass. Targets BNY Mellon Over Alleged Forex Scam
• Gabon FCPA Informant Defends Aggressive Methods
• No Receiver For National Lampoon In Suit Over $9M Fraud
• Brooke Clawback Suit Remains In Bankruptcy Court
• RightNow Shareholder Sues To Block $1.5B Oracle Deal
• Telmex Omitted Info On $6.5B America Movil Deal: Suit
• S1 Settles Shareholder Class Action Over Purchase Offers
• NY, Del. AGs Mull Criminal Charges Over Mortgage Abuses
• Basel Panel Eases Capital Rules To Boost Emerging Trade
• Convicted Le-Nature's CEO Ordered To Repay $661M
• Shareholder Class Action Over Imperial IPO Goes Federal
• Lyondell Directors Fire Back At Stock Option Clawback
• SEC Locks In New Private Fund Reporting Rules
• Ex-Goldman Director Gupta Denies Insider Trading Charges
• Blowing The Whistle On Private Cos.?
• Experts Urge PE Firms To Take Action On FCPA Compliance
• Olympus Head Steps Down Amid Merger Fee Scandal
• Video Game Co. Investors Settle EA Merger Suit For $5M
• Goldman Says It Didn't Hide Paulson Position On Abacus
• Omnicare Faces Fresh Suit Over Alleged Medicare Fraud
• US Bank Exec May Be Liable For Alleged MBS Fraud: Judge
• NY Man Gets 2 Years For Role In Boiler Room Scheme
• Olympus Struggles To Survive Merger Fee Scandal
• FDIC Seeks $127M From Mutual Bank's Ex-Directors
• Gabon FCPA Informant Defends Plea Deal In Court
• Terra Execs Sentenced To Prison Over Haiti Bribery
• Ex-Innospec Exec Faces UK Bribery Charges
• UK Paper Gets OK To Appeal Docs Ruling In Bribery Case
• 5th Circ. Affirms Gaming Pioneer's $28M Stock Option Win
• St. Joe Tries To Stamp Out Securities Fraud Action
• Shareholders Take Shot At European Vodka Co.
• CFTC Seeks Cellphone Hacking Tools To Aid Probes
• UBS Short-Selling Claims Draw $12M FINRA Fine
• SOX Whistleblower Rights Post-Menendez
• Real Estate Fraudster Cops To Conspiracy In $70M Deal
• Allstate's Federal Claims Nixed In Countrywide MBS Suit
• Drinker Biddle Dodges Ex-Lehman Broker's Malpractice Suit
• Software Co. Investors Can't Revive Suit Over Oracle Buy
• Black Diamond Hedge Fund Manager Cops To Ponzi Charges
• Mets Owners Fight Madoff Trustee's Clawback Cap Appeal
• Oppenheimer Can't Shake MDL Over Risky Investments
• Kid Brands Escapes Investor Suit Over Dumping Scheme
• Investors End Suit Over Closed Highland Fund
• UK Arrests Canadian Investor For Alleged Bahrain Bribes
• Pipeline Trading Fined $1M For Keeping Clients In Dark
• SEC Wants Fenwick & West Booted From Insider Trader Suit
• Banco Espirito To Shell Out $7M Over Securities Sales
• Koss CEO Settles With SEC Over Lax Accounting Controls
• WaMu Investors Get Class Cert. In $10B MBS Suit
• Ex-Terra CEO Wants Softer Sentence In Haiti Bribes Case
• Case Study: Fiero V. FINRA
• Goldman Sued By Pension Over Role In $38B Energy Deal
• Wyeth Shareholders Seek Class Cert. In Pristiq Suit
• Chadbourne, Proskauer Get Stanford Ponzi Suit Booted
• FTN, Sentinel Trustee Settle Bribery Case For $38.5M
• Halliburton Launches FCPA Probe Of Angolan Operations
• Investors Can't Arbitrate Real Estate Claims: Berthel
• Treasury, IRS Urged To Revamp Derivatives Tax Policies
• Allstate Can Sue Over $35M Arena Bonds: Judge
• Senate Confirms WilmerHale Partner For SEC
• Hedge Fund Boss Cops To Insider Trading Charges
• Countrywide's Mozilo Says MBS Claims Came Too Late
• Picard Slams Madoff Son's Appeal Bid In $198M Suit
• ICE Approved To Clear Sovereign CDS In Latin America
• Madoff Victim Takes $1M Coverage Row To Supreme Court
• AIG Can't Move $10B BofA Suit To State Court: Judge
• Synthesis Energy Denied Early Exit From Investor Suit
• Case Study: SEC V. Brown
• TD Bank Gets RICO Claims Dumped In Rothstein Fraud Suit
• Ex-Brooke CEO Suit Stays In Bankruptcy Court For Now
• Brigham Investor Challenges $4.4B Statoil Deal
• Revival Of SOX Case Stokes Confidentiality Concerns
• Investor Says K-V Lied About Pregnancy Drug's Prospects
• Securities, M&A Pro Rejoins Godfrey & Kahn
• Ex-UCB Execs Deny Fraud Over Loan Losses
• Le-Nature's CEO Gets 20 Years For $668M Fraud
• 2 Madoff Clawback Suits Head To District Court
• Crews Wants $8M Bond Suit Over Housing Project Nixed
• CNinsure Hit With Shareholder Class Action
• Regulators Told To Tighten Fast-Trading Controls
• Is Your Vendor Blowing The Whistle?
• New EU Securities Proposals Would Clean Up Dark Markets
• Fight Over $8.5B BofA MBS Deal Moved To Federal Court
• Lehman Takes Aim At BNY Mellon Over Derivatives Deal
• Judge OKs Lehman, BofA's $4.5B Claims Reduction Deal
• Rothstein Trustee Seeks $10M From Jeweler
• 2nd Circ. Upholds Citigroup, McGraw-Hill ERISA Wins
• SEC Review Could Lead To Slowdown In ETF Trading
• How They Won It: Paul Hastings Saves Ex-Homestore CEO $1.3B
• Calif. Man To Pay CFTC $7M Over Ponzi Scheme
• Auditors Can't Shake $50M Suit Over Alleged Fraud Miss
• 9th Circ. Affirms Class In BNY Suit Over Ponzi Scheme
• Santander Wants Madoff Fund Investors Sanctioned
• Reality Check: Criminal Actions Against Chinese Cos.?
• Citigroup To Pay $285M In SEC Mortgage CDO Suit
• EU Raids Top Banks In Euribor Antitrust Probe
• AgFeed Misled Investors On Financial Health: Suit
• 2 Get Prison In $30M Real Estate Ponzi Scheme
• El Paso Investor Sues Over $38B Kinder Morgan Buyout
• Ex-Deloitte Partner May Escape Insider Trading Suit
• SEC Wins Asset Freeze In $35M Investment Scam Case
• Informant Details Role In Organizing Gabon FCPA Sting
• SEC Targets Ex-SemGroup CEO Over Misleading Filings
• Alleged $65M Real Estate Fraudster Settles With SEC
• Judge Tosses Elan Shareholder Suit Over $1B J&J Deal
• Worries Over Whistleblower Claims On Rise, Report Says
• Insurer Seeks To Avoid Coverage For AFA Investor Claims
• Swiss Re, BNY Mellon Beat Dutch Insurer's $86M CDO Suit
• Ex-Le-Nature's CEO Deserves 20 Years For Fraud: US
• FDA Chemist Pleads Guilty To $4M Insider Trading Plot
• BofA Wants Quinn Emanuel Ousted From AIG's $10B Suit
• Apollo, Others Accused Of Delays In LBO Price-Fixing Suit
• CFTC Expands Access To Derivatives Clearinghouses
• GM Board Member Accused Of Illegal Trading
• Controlling The Transfer Of Stock
• Insurer Sues Credit Suisse Units Over $1.8B In RMBS
• Spongetech's 'Unwitting Dupe' Gets 5 Years' Probation
• Tetragon Shareholder Can't Bring $205M Fraud Suit: Atty
• Ex-Alfacell Exec's Securities Suit Gets The Boot
• 2 Attys Convicted For Galleon Roles Settle SEC Suit
• Credit Suisse May Close CMBS Division
• Ex-Deloitte Partner's Wife Settles SEC Suit For $1M
• AIG, BofA, Others Seek Exit From $137B Bailout Suit
• Gabon FCPA Witness Speaks Up On Past Drug Use, Bribery
• Panel Urges SEC To Get Tough On Microcap Transfer Agents
• JPMorgan, BNY Mellon Sued Over Hospital Bond Filings
• Ex-Le-Nature's CEO Argues For Lenient Fraud Sentence
• Madoff Investors Seek Status To Access Victim Funds
• Mayer Brown Picks Up Nixon Peabody White Collar Pro
• Goldman's Tourre Can't Appeal SEC Fraud Suit Yet: Judge
• Petters Associate Wants Criminal Record Kept From Jury
• Figuring Out Form SLT
• Judge Trims Class Action Over Optimal Madoff Feeder Fund
• Renaissance Investor Can't Halt $455M Sale: Judge
• Travelers Fights Gateway D&O Coverage In 9th Circ.
• Conn. Settles Bond Ratings Row With Moody's, S&P, Fitch
• House GOP Wants Supercommittee To Curtail Dodd-Frank
• Windstream Settles Investor Suits Over $2B Paetec Buy
• Energy Co. Can't Trim SEC Penalties: 11th Circ.
• Ex-Terra Execs Can't Nix Haitian Bribery Convictions
• SEC's Headache Over Conflict Mineral Rules Won't Go Away
• Ex-Orion CEO Wants Surviving ERISA Claims Tossed
• US, Ex-Dick's Exec Both Push For Light Sentence
• 'Mini Madoff' Gets 25 Years For $413M Investment Scheme
• Watts Water Puts End To FCPA Probe For $4M
• Amgen Asks 9th Circ. To Undo Shareholder Class Cert.
• Hill Panel Eyes Tweaks To Dodd-Frank Derivatives Regs
• Madoff Feeder Fund Sues Citi Unit, Others For $143M
• Madoff Trustee Wants $5.2M From Jewish Charity
• Direct Edge Hit With Sanctions Over Botched Trades
• Iran Claims Immunity From $44M Dairy Payout In DC Circ.
• Judge Denies Boeing Discovery In ERISA Class Cert. Fight
• Ex-Pegasus CFO Gets 33 Months For Stock Fraud
• OceanFreight Investors Try To Sink $239M DryShips Deal
• Bankrupt Glassmaker Attacks $99M Bondholder Demand
• Case Study: Picard V. Katz
• SEC Releases Guidelines On Disclosing Cyberattacks
• PPD Investor Sues Over $4B Carlyle, Hellman Buyout
• Ambac's Fraud Claim Against Credit Suisse Back In Play
• Allos Settles Investor Suit Over $686M AMAG Tie-Up
• Investor Wants 9th Circ. To Nix $3M Bear Stearns Award
• Judge Revives MBIA's Fraud Claims Against Credit Suisse
• State Street Units Accused Of Forex Trading Scheme
• Player In $190M Ponzi Scheme Tries To Avoid Prison
• Insurers Off Hook For Office Depot's Costs: 11th Circ.
• BBC Equities CEO Pleads Guilty In $50M Fraud Case
• FBI Agent Says Lurid Texts Were Part Of FCPA Probe
• Morgan Keegan Beats Back Investor Suit Over ARS Risks
• 9th Circ. Upholds Ex-Brocade CEO's Backdating Conviction
• Citigroup Dodges Norwegian Investors' $13M Fraud Suit
• Judge Will Hear Ex-Le-Nature's CEO's Bid To Cut Damages
• Judge Halts Cayman Lawsuit Against Madoff Trustee
• Citi's Hidden MBS Risks Led To Massive Stock Slide: Suit
• Stockbroker Can't Escape $1.6M Judgment: 8th Circ.
• Judge Shuts Down Investor Suit Over Nvidia Chips
• John Hancock Life, Others Sued Over $15M Lost To Madoff
• Gauging EU And US Investor Confidence Post-Crisis
• 99 Cents Only Shareholders Call $1.6B Deal Too Cheap
• Applying FINRA Rules To Social Media
• NY Broker Gets 10 Years For $5.8M Ponzi Scheme
• Rajaratnam Gets 11 Years For Insider Trading
• JinkoSolar Failed To Disclose Sludge Dumping: Investor
• High Court Nixes Stanford Ponzi Victims' Arbitration Row
• Goldman Escapes Investor Suit Over High Pay Rates
• SEC Enforcement Actions Post-Janus
• GCs Urge Securities Attys To Focus On Clients Amid Slump
• SEC Advances Proposed Volcker Rule
• Convicted Insider Trader Kimelman Gets 2 1/2 Years
• SciClone Shells Out $2.5M To Investors Amid FCPA Probes
• Ex-Cadence Execs Push For $38M Settlement
• JP Morgan, Deutsche Bank Settle With TeleNav Investors
• Madoff Trustee Decries Limit On Recovering False Profits
• 3 Wyatt Tarrant Attys Jump To Dinsmore
• Ex-United Commercial Execs Charged With Fraud
• Mariner Energy Exec Dodges Jail For Insider Trading
• Hercules Battles Investor Suit Over Exec Pay Hikes
• Convicted Ponzi Schemer White Hit For $19M
• BP Docs From Moscow Raid Nixed In $5B Investor Suit
• Doctors Take ERISA Suit Against UMB To High Court
• 'Risky' Wells Fargo Investments Cost Insurer $40M: Suit
• Seattle Genetics Insider's Brother Gets 18 Months
• Investor Says Stereotaxis Hid Problems With Products
• Former Juniper GC Settles SEC Backdating Case
• FINRA Hits SocGen With $61M Award For Fund Manager
• The Increasing Importance Of Loss Causation Analysis
• Kohlberg Capital Beats Securities Fraud Claims
• FCPA Lawsuits — Not Just For The Government
• Reporting Rules Could Close Volcker Loopholes: Attys
• SandRidge Tries To Nix Investor Suit Over $75M Oil Project
• Willkie Farr Hit With Malpractice Suit From Fund Manager
• JPML Joins Investor Suits Over Gerova's Stillwater Buy
• Judge Merges 3 Suits Aimed At Failed Carlyle IPO
• Ex-Waste Management Execs Dodge ERISA Claims
• Renaissance Investor Challenges $455M Permira Offer
• Fulbright Securities Atty Jumps To Greenberg
• E&Y Unit Exits Suit Over Funds' Ponzi Investments
• Feds Blasted Over Sentencing Threat In Oil-For-Food Case
• House Grills FHFA On Outside Counsel Hires In Bank Suits
• Emdeon, Blackstone Seek To Quash Suit Over $3B Buyout
• Lothian Bankruptcy Deal Survives Shareholder Challenge
• Goldman Stays Clear Of Solectron Shareholder Tangle
• China North Topples Shareholders' Stock Drop Claims
• Goffer Brother Gets 3 Years For Insider Trading
• Travelzoo Execs Sweetened Forecasts, Investors Say
• The Benefits Of Investor Protection
• Attorneys At Work: A Flexible Notion Of Plagiarism
• Madoff Trustee Wants $47M From ABN Amro, Nomura
• Squire Sanders Taps Hahn & Hessen Corporate Partner
• DOD Contractor Sues Noteholders In Takeover Battle
• Amaranth Reaches Tentative Deal In Futures Price Suit
• FBI Agent Grilled On Missing Reports In Gabon FCPA Trial
• Soros Can't Overturn French Insider Trading Conviction
• Feds Seek At Least 33 Months For Ex-Galleon Adviser
• Adviser Relief From Pay-To-Play Recordkeeping
• Oracle's Pillar Deal Hurts Co., Rewards CEO: Investor
• Distinguishing Between Loans And Municipal Securities
• Madoff Feeders' Ch. 11 Plans Cleared For Creditor Vote
• SEC Sues Ex-Hansen Execs Over Fake Catheter Sales
• UBS, Citigroup Snared In Investor Action Over SinoTech IPO
• Judge Nixes WaMu Bid To Limit Mediation On Ch. 11 Plan
• Lone Star Stock Fraud Ruling Clears Way For KEB Sale
• EU Commissioner Fights Opposition To Transaction Tax
• Deutsche Bank, Others Sued Over $500M In 'Crap' CDOs
• Ex-S2 Honcho Wraps Up SEC Insider Trading Claims
• Former WaMu Execs Agree To $41.5M Securities Suit Deal
• 2 UBS Execs Step Down After $2B Rogue Trading Scandal
• Del Monte, Barclays Settle Buyout Case For $89M
• Rock-Tenn Settles Investor Suit Over $3.5B Smurfit Buy
• Feds Add Laundering Charges To $670M Bond Fraud Case
• $930M Grocery Scheme Gets CFO, Accountant 4 Years Each
• Insurers Slam Countrywide's Fraud Causation Demand
• Banks In $59B Madoff Suit Push To Kill Racketeering Claims
• New Claims Can't Save Lehman ERISA Suit: Judge
• EU Lists Concerns Over Deutsche Boerse's $10B NYSE Buy
• B&N Investor's Claims Of Board, CEO Coziness Fizzle
• EU OKs Draft Rules Boosting OTC Derivatives Oversight
• Trader, Event Promoter Accused Of $4M Investment Scam
• GOP Stays On Attack With Proposal To Delay New OTC Rules
• Apollo Launches $45M Senior Secured Notes Offering
• Ex-Keystone Chair Settles SEC Merger Tips Suit
• 2 Hedge Funds Accused Of Running 'Madoff-Like' Scheme
• 2nd Circ. Says FINRA Can't Bring Fine Collection Actions
• Different Prices For S Corp. Shares: A Cause For Worry?
• Avoiding Indemnity Ambiguity
• Zuckerman Nabs Milbank Atty For NY White Collar Practice
• Madoff Victims To Get $312M In First Recovery Checks
• Mich. Man Who Ran $350M Ponzi Scheme Gets 16 Years
• WaMu Pushes For Quick Approval Of Latest Ch. 11 Plan
• SEC's Ex-Top Atty In Settlement Talks With Madoff Trustee
• White & Case Lures Chiomenti Partner To Milan
• Harleysville Investor Slams $760M Sale To Nationwide
• Mortgage Exec Presses SC High Court For Acquittal
• Sealing The Deal: Paul Hastings Becomes King Of FDIC Auctions
• Blackstone IPO Case Could Yield More PE Disclosures
• Wachovia, Raymond James To Buy Back $458M In ARS
• Insurer Denied Fast Win In Allied Coverage Suit
• Elan Again Beats Claims It Hid Drug Trial Data
• Dynex To Pay $7.5M To End Securities Fraud Action
• PE Firm Plaintiff Drops Out Of Madoff Feeder Suit
• NY AG, Feds Accuse BNY Mellon Of $2B Forex Scam
• Fugitive Ex-Symbol CEO Must Pay $63M Over Fraud
• Keeping Rogue Traders At Bay
• Prosecutors Slam Rajaratnam In Push For Stiff Sentence
• Nomura Says Cadwalader's Bad Loan Advice Cost It $70M
• Penny Stock Pushers Settle SEC Fraud Claims
• Ex-CME Programmer Denies Source Code Theft
• Bankruptcy Judge Won't Move $10M Kutak Malpractice Suit
• Merrill Lynch Fined $1M Over Broker's Ponzi Scheme
• Brokers In $23M Cobalt Scam Ordered To Pay Restitution
• Victims Of GeoStar Mare-Leasing Scheme Awarded $65M
• SEC Demands Details On Apple, Nokia Patent Deal
• Rajaratnam Seeks To Keep Medical Docs Out Of Public Eye
• 'No Country' Investor Owed No Fiduciary Duty: Paramount
• FBI Details Gabon FCPA Suspects' Miami Rendezvous
• FXCM Unit Agrees To Pay $14M To Settle Futures Suit
• How Large Trader Rules Apply To Private Equity Advisers
• KAR Auction's $210M Openlane Buy Gets Green Light
• High Court Turns Aside Blackstone Cert Bid In IPO Case
• Shareholder Suit Over J&J Recall, Kickback Woes Tossed
• Proskauer Says J&J Heir's Malpractice Suit Time-Barred
• Case Study: In Re Washington Mutual
• Clash Of The Class Action Law Firms