Securities Archive » December, 2012

Securities - December, 2012

292 articles

• 9th Circ. Revives VeriFone Stock Inflation Suit
• Investors Behind Duke Derivative Suits Called To Meet In Del.
• Fifth Third Seeks High Court Review Of ERISA Action
• Prudential Suit Over $523M In JPMorgan RMBS Returned To NJ
• NYSE Heeds Past Lessons With $750M Antitrust Breakup Fee
• UBS Portfolio Manager Loses Severance Bid At 2nd Circ.
• Former SAC Manager Won't 'Flip' In Insider Trading Case
• Next SEC Enforcement Chief Likely To Follow Similar Path
• NJ Lawmaker Proposes Assault Weapons Divestment
• Departing SEC Enforcement Chief Graded 'Incomplete'
• Argo Digital Unit Wants Investor Fraud Suit Sent To Fla.
• HP, Others Hit With Derivative Suit Over $11B Merger
• 2nd Circ. Affirms $220M Madoff Trustee Deal With Levy Heirs
• Ex-Provident Execs Say Client Alerts Sink Ponzi Scheme Case
• Ex-Anglo Irish CEO Arrested Over $183M Loan
• Ballast Nedam Reaches €17.5M Deal Over Bribery Allegations
• Government's White Collar Wish List For 2013
• SEC Enforcement Chief Khuzami To Step Down
• Rule 23 'Preliminary' Requirement As Seen By 7th Circ.
• Clearwire Investor Looks To Block $2B Sprint Buyout
• Investors Win Class Cert. In Suit Over Ad Co.'s IPO
• Suntech CEO Accused Of Mismanaging Company For Profit
• 2nd Circ. Won't Revive Lehman Securities Fraud Suit
• Libor Antitrust Risks Remain Despite Early Settlements
• Sheppard Mullin Hires Corporate Expert From O'Melveny
• Peter Madoff Gets 10 Years In Prison For Role In Giant Fraud
• House GOP's Sequestration Bill Slashes At Dodd-Frank Reforms
• Texas Court To Re-Examine Energy Co.'s Atty Privilege
• Bulk Of MetLife, Other Insurers' Suit Over Madoff Feeder Nixed
• Lowenstein Adds Private Equity, M&A Partner From McDermott
• Kirkland Help Sauer-Danfoss Weigh $2.3B Unsolicited Bid
• 6th Circ. OKs Verdict Against Ex-Delphi Exec In Fraud Case
• Proposed FASB Rule Could Force Banks To Boost Reserves
• Inner City Broadcasting Exits Shareholder Suit Over IP Sale
• UBS Under Scrutiny For Possible Hong Kong Rate Misconduct
• UK Censures Gracechurch Over Stock-Hawking Tactics
• Eli Lilly Strikes $29.4M Settlement Over FCPA Claims
• ICE To Buy NYSE Parent Co. In $8.2B Stock-And-Cash Deal
• S&P Investor Suit Over MBS Ratings Killed By 2nd Circ.
• Beware Discovery In 3rd-Party Litigation Funding
• Foreign Broker-Dealers May See More 15a-6 Enforcement
• Peter Madoff Victims Urge Tough Sentence
• Expect More Libor Criminal Cases, Experts Say
• Dodd-Frank May Have Stabilized Biggest Banks, GAO Says
• UBS Deal Shows Some Banks Still Too Big To Indict
• UBS Mea Culpa May Give Libor Antitrust Plaintiffs Upper Hand
• FINRA Panel Orders Morgan Keegan To Pay $1.4M To Investor
• Former Carter's Exec Pleads Guilty To Insider Trading
• Conoco Credit Letters Same As Cash, MF Global Trustee Says
• Former Porsche Execs Charged Over Failed VW Deal
• Judge Wary Of MF Global Customer Group's Deposition Push
• Family Offices Should Weigh CPO Registration Relief
• Getco, Knight Capital Agree To $1.4B Merger
• UBS Hit With $1.5B Fine After Admitting Role In Libor Scandal
• Fund's MBS Fraud Claims Time-Barred, Countrywide Says
• Biremis Corp. Execs Fined Over Day Traders' Manipulation
• Investor Wants Access To Vodka Maker's Books
• TheStreet.com, Former Execs Agree To End SEC Fraud Claims
• Ex-Bolthouse Workers Sue For Piece Of $1.5B Campbell Deal
• Investors To Get $85M More From Merkin Funds
• Ex-Winston Atty Gets Probation For Starr Celebrity Fraud
• Hartford Financial Can't Escape Suit Over Management Fees
• Vitro Wants $1.6B Judgment Against Protesting Bondholders
• Standard Life Wins $162M To Cover Damage Control Payouts
• Basel Seeks Stiffer Capital Rules For Asset-Backed Securities
• Drug Co. Lied About $245M Buyout Offer, SEC Claims
• Breaking Down The Whistleblower Defense Dilemma
• Stockbrokers' Commission Pay Suit Survives Dismissal Bid
• SEC Adds 'Overreach' To Its Netflix Queue
• Aladdin, Ex-CFO Settle SEC Actions Over Co-Investing Claims
• SEC Names New Heads Of Trading, Corp. Finance Units
• Ancestry.com Must Reveal More About $1.6B Permira Deal
• Judge OKs Settlement In Temple-Inland Shareholder Suit
• Ore. Is 1st State To Adopt Fraud-On-The-Market Theory
• Madoff Victim Blasts $220M Levy Settlement At 2nd Circ.
• Teavana Settles Shareholder Suits Over $620M Starbucks Deal
• WaMu Units Escape From Insurers' MBS Fraud Suit
• DZ Bank Targets BofA For $546M In MBS Campaign
• Newman, Chiasson Found Guilty Of $70M Trades On Dell Tips
• CFTC Mandates Audio Logs Of Swaps Transactions
• Mass. Fines Morgan Stanley $5M Over Facebook IPO
• Barclays Says FERC Manipulation Claims Won't Fly In Court
• Allianz To Pay $12.3M To Settle Indonesian Bribery Claims
• NCUA Hits JPMorgan With Suit Over $3.6B In Failed RMBS
• 3 Hot Topics For Business Litigators To Watch In 2013
• 'Don't Ask, Don't Waive' Standstills And The Auction Problem
• Rambus, PwC Off Hook In Securities Fraud Suit
• Insurer Sues Dewey Execs Over Losses On $35M Notes
• Gupta Fights Goldman's Bid For $7M In Fees
• Heelys Directors Sued Over 'Unfair' $63M Buyout Price
• Judge Set 'Impossible Standard' For In-House Attys, ACC Says
• $12M Deal Frees Ex-IndyMac CEO From FDIC Mortgage Suit
• SEC Accuses Calif. Hedge Fund Manager Of Trading Scheme
• Lockheed Investors Win Class Cert. In Securities Fight
• Drug Co. Misrepresented Products' FDA Status, SEC Says
• Smart Tech Investor Suit To Gain Class Cert., Judge Signals
• US Nets $7.6B In Public Offering For Its Last AIG Shares
• US Wants Peter Madoff To Get 10 Years In Prison
• Madoff Victims Lose Bid For Homeowners Policy Coverage
• Canadian Mining Co. Hit With $152M Kyrgyz Pollution Claim
• Wells Fargo To Pay $24M To Settle Securities Lending Suit
• UK Charges Weavering Capital Founder With Fraud, Forgery
• FCPA Guide's Lessons For Life Sciences Companies
• Dissecting Del.'s New Discovery Guidelines
• Ex-Wells Fargo Banker Indicted In $11M Insider Trading Case
• Ex-Primary Global Exec Asks 2nd Circ. To Toss Conviction
• Securities MVP: Morgan Lewis' Marc Sonnenfeld
• Shareholder Cries Foul Over Softbank-Sprint Merger
• Some CEOs Spend On Investors, Not M&A, As Tax Hike Looms
• Davis Polk Partner To Counsel SEC Investment Management Unit
• MBIA Ignored Risks Of $22B In MBS, Countrywide Atty Says
• Ousted ISC Exec Can't Use Broker's Client Data, Court Rules
• Merck Must Hand Over Vioxx Gov't Docs, NJ Judge Says
• UBS Reportedly Faces $1B In Fines Over Libor Manipulation
• Siemens Sued For $1.5B Over Alleged Mexican Oil Bribes
• Provident's Ex-CFO Indicted Over $485M Investor Fraud
• Tremont's Owner Beats Madoff Investor Suit
• EU Agrees To Central Bank Regulator Amid Debt Struggles
• SEC Eyes New Trial In Suit Against Fund Manager
• Towers Perrin Beats Principals' Suit Over Watson Wyatt Merger
• Nokia Hit With ERISA Action Over 'Risky' Stocks
• Ex-Mizuho Banker Gets 32 Months For Inside Tips To Lovers
• Landmark Class Action Case To Be Heard In Supreme Court
• Certain Funds Can Get Relief From CFTC Registration
• A Fresh Look At Diversity In ADR
• Berkshire Hathaway Spends $1.2B In Stock Buyback
• Securities MVP: Gibson Dunn's Eugene Scalia
• US Bancorp Can't Dodge Insurer's MBS Suit
• Citi Concealed $65B In Losses During Housing Collapse: Suit
• CFTC's New Mutual Fund Rule Survives Challenge
• Ex-Hotel Owner Pleads Guilty In $500M Fraud Case
• Viacom Can't Claim IP Indemnity From Harmonix Shareholders
• Countrywide MBS Breaches 'Incontestable,' MBIA Atty Says
• Shareholder Challenges TD Bank's $668M Epoch Purchase
• Bombing Victims' Families Drop Suit Over Bank's Iran Assets
• Ambac, MBIA Seek Jury Trials In Credit Suisse Fraud Suits
• Tiger Asia Pays $60M To End DOJ, SEC Insider Trading Probes
• NY AG Can't Seek $150M Lehman Fees From Ernst & Young
• Accretive Says Stock Plunge Suit 'Cut, Pasted' Unproven Claims
• MSRB Proposes Increased Access To Preliminary Statements
• Shearman & Sterling Guides Nasdaq's $390M Reuters Units Buy
• GOP Lawmakers Criticize CFTC Cross-Border Swaps Rules
• NY High Court Denies Appeal Over $150M Casino Loan Buy
• Facebook Asks Judge To Toss Derivative Suits From IPO MDL
• How Justices May Be Leaning In Amgen Argument
• Open Season On Rating Agencies?
• FDIC Must Face BofA's Suit Over Taylor Bean Fraud
• Gastar Says HCC, Axis Should Cover Mare Investment Suits
• Plains, McMoRan Shareholders Challenge $9B Freeport Bid
• SEC Sues NJ Consultant Over Chinese Reverse Mergers
• Rakoff Ignored Contract Law In CDO Ruling, 2nd Circ. Told
• Securities MVP: Davis Polk's Lawrence Portnoy
• Noble Execs Duck Parts Of Nigerian Oil Rig Bribery Suit
• Italy Raids Parmalat, Lactalis In Probe Of US Deal
• 'Secret Pipeline' Made Dell Traders Rich, Feds Tell Jury
• SEC Supports Inflation Adjustment For Madoff Victims
• Real Estate Mogul Asks 2nd Circ. To Revive Citi Fraud Suit
• US Chamber Asks Trade Regulators To Review Volcker Rule
• SEC Can't Prove Stock Buyback Scheme, GSK Unit Says
• Societe Generale, Weston Accused Of Mismanaging $100M Fund
• Dutch Fund's Suit Over $565M In Credit Suisse MBS Survives
• UBS' $686M Suit Needs Another Trim, Highland Tells Judge
• Ex-Trader Pleads Guilty In $141M MF Global Loss Case
• NY Appeals Holds Investors Can't Claim Phony Madoff Gains
• Conrad Black Taking Fight With SEC To 7th Circ.
• JPMorgan Exec Sued Over Damage To Luxury Sublet
• Get Ready For SEC Conflict Mineral Rule Compliance
• Treasury Eyes Sale Of Final AIG Shares
• BankAtlantic Can't Shake Accounting Claims In Fraud Suit
• FDIC's $1.5B MBS Lawsuit Must Stay In Federal Court
• US, UK Plan For Failed Banks May Not Curb Regulator Fights
• Oil Trader Ordered To Pay $2.6M For Scamming Clients
• Audit Watchdog Faults Top Firms For Internal Controls Work
• 2nd Circ. Won't Revive Iconix Claims Over Merrill ARS
• AIG Says Reporter's Docs Push Threatens Government Deals
• Banks Pay $11.5M To Settle Risky Mortgage Bond Class Action
• Securities MVP: Skadden's Scott Musoff
• SEC Says Ex-Morgan Keegan Directors Shirked MBS Valuations
• High Court Won't Hear Costa Rican Utility $18M FCPA Appeal
• Recovering Damages When FCPA Prosecution Misfires: Part 2
• Noble Execs Can't Shake FCPA Nigerian Bribery Suit
• Miami Businessmen Charged In $40M Investment Fraud Scheme
• Chesapeake Calls Investor Suit Over Loans 'Dead Wrong'
• SEC To Lift Moratorium On Active ETF's Use Of Derivatives
• SEC Suit Over Netflix Facebook Post Faces Long Odds In Court
• BofA, US Bancorp Can't Shake Fund's Suit Over WaMu MBS
• Judge Checks Out Of $15M Loan Row Against Host Hotels
• Covington & Burling Nabs Regulatory Pro From CFTC
• Law School Friends Deny IBM Tip Trading Charges
• ResCap Seeks More Time To File Ch. 11 Plan
• Goldman Fined $1.5M Over Trader's Hidden $8B Position
• Wells Fargo Wins Round In Investor Arbitration Appeal
• ERISA Suit Slams HP Stock Offering Following Major Losses
• No Immediate Appeal For Ex-ArthroCare Execs In SEC Suit
• Goldman, CIFG Head To Mediation In $275M MBS Fight
• SandRidge Sued Over Alleged False Statements
• BofA Ducks Insurers' MBS Fraud Suit But Countrywide On Hook
• Video Tech Co. Faces Derivative Suit Over Accounting Methods
• Toll Brothers Execs Pay $16M To End Suit Over Stock Sales
• CFPB's Reach Extends To 'Larger Participants' And Beyond
• Pre-Suit Investigation Is Key To Caremark Claims
• Securities MVP: Kirkland's Andrew Clubok
• Bernstein, Labaton Named Lead Attys In Facebook IPO Row
• SEC Sets Sights On Netflix Over CEO's Facebook Post
• Picard Fights Efforts To Revive Picower Suits In 2nd Circ.
• Disputed Evidence Gets In Dell Insider Trading Trial
• BlackRock Settles Employment Row With Ex-Fund Manager
• Ex-Morgan Stanley Risk Officer Settles $1M Suit Over Firing
• Barnes & Thornburg Partner Fights Suit Over Receiver Role
• Oil Field Appraiser Can't Sink Securities Fraud Suit
• Renal Care Group Settles Securities Action for $4M
• E&Y, Fidelity Beat Suit Over 2008 Lehman Bankruptcy
• FDIC Gets $900M Guaranty MBS Suit Sent Back To State Court
• CFTC Sues Hunter Wise Over $46M Commodity Trading Scheme
• Deutsche Bank Case Puts SEC Enforcement Head In Spotlight
• House Votes To Delay Enforcement Of STOCK Act
• Standard Chartered To Pay $330M More Over Iran Violations
• SEC Says Money Fund Reforms Wouldn't Have Averted Crisis
• JPMorgan Seeks Dismissal Of Syncora, Assured Cases
• 2nd Circ. Grants Gupta Speedy Appeal
• Sovereign Immunity Analysis In Subscription Credit Facilities
• $104M Whistleblower Award — A Sign Of Things To Come
• Investor Takes Aim At Pork Co.'s $500M Go-Private Deal
• Deutsche Bank Accused Of Hiding Up To $12B In Losses
• 10 Vitro Affiliates Pushed Into Bankruptcy
• Mintz Levin Nabs Securities Partner For San Diego Office
• HIG Capital Says It Properly Handled $41M Foreclosure Sale
• France, Germany Sign On To EADS Structural Overhaul
• Court Chides Atty For Letter To Judge In Securities Case
• Dana Execs Request New Look At Fraud Suit Post-Janus
• Citigroup Asks 2nd Circ. To Kill Opt-Out Securities Suits
• Feds Wrap Case In $70M Dell Trading Tips Trial
• Insurer Claims Goldman Misrepresented Failed $325M CDO
• Ex-Mutual Benefits Exec Deemed Mentally Fit For Trial
• SEC Sues Wells Fargo Banker In $11M Insider Trading Case
• Alchemix Denied New Trial Over Stock Sale Gone Bad
• Judge Pares Counterclaims In Ponzi Scheme Coverage Row
• Credit Suisse Can't Ditch FHFA's Securities Loss Claims
• MF Global Trustee Says 28,000 Customer Claims Mostly Settled
• PE Firm Founder Dodges Jail In NY Pay-To-Play Scandal
• SEC Reportedly Probing Big Lots CEO Over $10M Stock Sale
• SEC Exodus Claims GC, Trading And Markets Chief
• Bank Accuses Wilk Auslander Of Excessive Billing
• FBI Arrests Rogue Trader For $1B Apple Stock Fraud Scheme
• Will Rakoff Opinion Impact Decision On Steven Cohen?
• CFTC Targets Broker Over Wheat Futures Trades
• Judge Releases Barclays From Criminal Sanctions Case
• Ex-World Health CEO Gets 130 Months For $40M Fraud
• Align Technology Execs Netted $52M Via Fraud, Suit Says
• Jury Convicts Spammer For Role In Pump-And-Dump Scheme
• Argentina Needn't Post Deposit For Injunction Stay: 2nd Circ.
• Warren To Get Senate Banking Committee Seat
• BofA Says It Warned German Bank Of Risk In $56M RMBS Buy
• WaMu Trust Alleges Naked Shorting By Goldman, Seeks Probe
• NJ Bill Targets Political Cash From Casino-Investing Funds
• Icahn Shelves $3B Oshkosh Bid Upon Tepid Investor Reception
• BofA Sues Wells Fargo Over Home Loan Buyback Demand
• FHFA Expert Loan Sampling Method In RMBS Suits Gets OK'd
• Andrews Kurth Snags Baker Botts Securities Trial Attorney
• 2nd Circ. Grants Gupta's Bail Bid
• SEC Makeover Continues As Corporate Finance Head Bows Out
• Glass-Steagall Revival Wouldn't Curb Crises, Fed Gov. Says
• Madoff Trustee, Feeder Funds Reach $24M Settlement
• FINRA Should Take Action Against MF Global, Dems Say
• BofA Dodges Merrill Investors' MBS Actions In 2nd. Circ.
• Why The SEC's Position In Gabelli V. SEC Doesn't Hold Up
• Regulators Eyeing Libor Reform, Treasury Official Says
• SEC Denies JOBS Act Rule Was Delayed To Protect Legacy
• Ernst & Young Pays $117M To Exit Sino-Forest Investor Suit
• Texas Judge OKs $66M Award In Hospital Investor Suit
• CME Probes Morgan Stanley Director's Treasury Trades
• Quiksilver Gave Execs Improper Stock Awards, Investor Says
• SEC Money Market Fund Reform Uncertain Under Krawcheck
• RE Moguls Sue UK Fraud Office Over Icelandic Bank Sting
• Ex-Freddie Mac GC, SNR Denton Atty Joins Greenberg Traurig
• CSC Shareholder Class OK'd In Suit Over NHS Contract
• News Corp., Murdochs Seek Exit From US Suit Over Hacking
• GCs Name Most Arrogant Law Firms
• SEC Targets Audit Firms Over Chinese Reverse-Merger Docs
• 3rd Circ. Backs Fraudster's 20-Year Sentence For $930M Scam
• $110M Deal Over Kinder Morgan's El Paso Buyout Gets OK
• Recovering Damages When FCPA Prosecution Misfires: Part 1
• BofA Shareholders' Attys Want $177M From $2.4B Settlement
• Lincolnshire Suit Over $99M Award Slashed Again
• Harbinger, Falcone Say SEC's Fraud Claims Fail
• Strict Risk Retention Rule Imperils Recovery, Biz Group Says
• Diamond Foods Can't Dodge Investor Suit Over Walnut Scandal
• Wells Fargo Execs, Investors Settle 2 Wachovia Suits
• Deutsche Bank Accuses GE Units Of $390M MBS Loan Fraud
• 6th Circ. Nixes $457M MBS Suit Against Ratings Agencies
• More Changes To Come For Remittance Rule
• Takeaways From Del. Encore And Auriga Rulings