http://www.law360.com/securities Latest articles for: Securities Copyright 2012 Portfolio Media, Inc. en-US Fri, 10 Feb 2012 22:21:37 +0000 http://www.law360.com/securities/articles/308897 http://www.law360.com/securities/articles/308897 An Eastman Kodak Inc. investor hit the bankrupt photography equipment giant's CEO and other executives with a putative class action in New York federal court Friday, claiming they hid the company's shaky financial situation from shareholders in the months before Kodak's Chapter 11 filing. Fri, 10 Feb 2012 21:07:30 +0000 http://www.law360.com/securities/articles/308574 http://www.law360.com/securities/articles/308574 Baker & McKenzie LLP has steadily grown its capital markets practice over the years, to the point that it now boasts hundreds of attorneys based in more than 60 offices around the globe, making it the largest group in this practice area. Fri, 10 Feb 2012 20:55:30 +0000 http://www.law360.com/securities/articles/308860 http://www.law360.com/securities/articles/308860 SAIC Inc. and its directors were hit Friday with a putative shareholder derivative class action in California over $232 million in losses stemming from an alleged kickback scheme involving contractors tied to New York City's CityTime project, a scandal that led to the indictments of several of its employees. Fri, 10 Feb 2012 20:45:02 +0000 http://www.law360.com/securities/articles/308836 http://www.law360.com/securities/articles/308836 A former Primary Global Research LLC sales executive convicted of fraud for facilitating telephone hookups between corporate insiders and hedge fund managers will stay in prison while the verdict against him is appealed, the Second Circuit said Friday. Fri, 10 Feb 2012 19:42:58 +0000 http://www.law360.com/securities/articles/308683 http://www.law360.com/securities/articles/308683 An Illinois federal judge handed a victory Friday to the U.S. Commodity Futures Trading Commission in its suit against a Chicago Board of Trade member convicted of cheating customers out of more than $2 million, issuing summary judgment because he never denied the allegations. Fri, 10 Feb 2012 19:29:54 +0000 http://www.law360.com/securities/articles/308795 http://www.law360.com/securities/articles/308795 A California federal judge on Friday signed off on a $5.5 million settlement between Rydex SGI and a putative class of investors who claimed that the financial services firm made false and misleading statements about one of its mutual funds, costing investors millions of dollars. Fri, 10 Feb 2012 19:26:47 +0000 http://www.law360.com/securities/articles/307357 http://www.law360.com/securities/articles/307357 Securities law powerhouses dominate Law360's list of the firms with the largest securities practice groups, with five of the top 10 firms boasting more than 200 attorneys in their securities groups. Fri, 10 Feb 2012 19:21:56 +0000 http://www.law360.com/securities/articles/308745 http://www.law360.com/securities/articles/308745 A Texas federal judge on Friday ordered the U.S. Securities and Exchange Commission and Dallas Mavericks owner Mark Cuban, who is accused by the regulator of insider trading, to produce a log of documents that each side claims are protected from disclosure. Fri, 10 Feb 2012 18:47:19 +0000 http://www.law360.com/securities/articles/308677 http://www.law360.com/securities/articles/308677 A New Jersey federal judge on Friday tossed a class action accusing Pfizer Inc. and former senior executives of Pfizer unit Wyeth of misleading investors about the performance of Wyeth’s highly publicized Alzheimer’s drug bapineuzumab in its clinical trial. Fri, 10 Feb 2012 18:05:34 +0000 http://www.law360.com/securities/articles/308632 http://www.law360.com/securities/articles/308632 Massachusetts' securities watchdog said Friday that it had subpoenaed documents from Bank of America Corp. in connection with its involvement in collateralized loan obligations that it structured and sold during the height of the financial crisis that cost investors $150 million. Fri, 10 Feb 2012 17:20:44 +0000 http://www.law360.com/securities/articles/308687 http://www.law360.com/securities/articles/308687 James W. Giddens, the trustee overseeing the liquidation of MF Global Inc., said Friday that commodity customers of the failed broker-dealer may now be missing as much as $1.6 billion, a large increase over previous estimates. Fri, 10 Feb 2012 16:57:51 +0000 http://www.law360.com/securities/articles/308598 http://www.law360.com/securities/articles/308598 A Washington federal judge on Thursday ruled that the U.S. Securities and Exchange Commission does not need to sue in order to compel the Securities Investor Protection Corp. to begin compensating victims of Robert Allen Stanford's alleged $7 billion Ponzi scheme. Fri, 10 Feb 2012 15:50:24 +0000 http://www.law360.com/securities/articles/308466 http://www.law360.com/securities/articles/308466 The Fifth Circuit on Thursday dismissed Marcum LLP's challenge of an order that the accounting firm continue its expert services in the criminal trial of accused Ponzi schemer R. Allen Stanford, ruling that only the U.S. Supreme Court can hear such appeals. Fri, 10 Feb 2012 15:44:26 +0000 http://www.law360.com/securities/articles/308166 http://www.law360.com/securities/articles/308166 Jones Day has expanded its San Francisco securities team by luring a former Latham & Watkins LLP attorney with experience in shareholder litigation over mergers and acquisitions, the firm announced Thursday. Fri, 10 Feb 2012 15:30:01 +0000 http://www.law360.com/securities/articles/308596 http://www.law360.com/securities/articles/308596 The liquidation trustee for Bernard Madoff's firm told a judge on Thursday that his $386 million clawback lawsuit against the owners of the New York Mets should go forward because a jury would be right to find that the men had been purposely blind to Madoff's fraud. Fri, 10 Feb 2012 14:31:06 +0000 http://www.law360.com/securities/articles/308605 http://www.law360.com/securities/articles/308605 The Office of Congressional Ethics is investigating allegations that the chairman of the House Financial Services Committee traded on inside information he learned through his powerful position on Capitol Hill. Fri, 10 Feb 2012 12:28:33 +0000 http://www.law360.com/securities/articles/308447 http://www.law360.com/securities/articles/308447 The bankruptcy court trustee tasked with recovering money from Bernard L. Madoff's brokerage sued two foreign banks and investment giant Koch Industries Inc. on Thursday, seeking more than $105 million in allegedly fraudulent transfers from the giant Ponzi scheme. Fri, 10 Feb 2012 12:08:10 +0000 http://www.law360.com/securities/articles/308548 http://www.law360.com/securities/articles/308548 New York federal prosecutors on Friday charged the head of a California hedge fund with securities fraud for allegedly using Galleon Group LLC-linked tips to make nearly $1 million on insider trades in Google Inc. and other technology companies. Thu, 09 Feb 2012 21:46:14 +0000 http://www.law360.com/securities/articles/308477 http://www.law360.com/securities/articles/308477 The U.S. Department of Justice on Thursday dismissed its antitrust lawsuit and proposed settlement with Deutsche Boerse AG and NYSE Euronext over their proposed $9.7 billion merger, after the stock exchange giants formally agreed to kill the deal last week. Thu, 09 Feb 2012 21:32:54 +0000 http://www.law360.com/securities/articles/308206 http://www.law360.com/securities/articles/308206 A Delaware judge expressed deep concern Thursday that Kinder Morgan Inc.’s $21.1 billion buyout of El Paso Corp. was soiled by conflicts of interest on the part of El Paso’s CEO and its financial adviser Goldman Sachs & Co.