Securities Archive » March, 2009

Securities - March, 2009

261 articles

• Hedge Fund Suit Against Citigroup Over Trading Nixed
• ARS Cases Against UBS Tossed
• Wachovia, Citi To Buy Back $4.7B In Calif. ARS Deal
• Securities Suit V. Axonyx Over Alzheimer's Drug Nixed
• ERISA Case Dismissed In Avon Securities MDL
• Class OK'd In Advo Securities Fight
• Vivendi's Bid To Reconsider Class Cert. Denied
• Pleading Auditor Fraud After Tellabs
• AmeriFirst Exec Settles With SEC Over Fraud Scheme
• The 'Red Flags' Rule: Are You Ready?
• Securities Action V. Halliburton Tossed — For Now
• Stanford Exec Sues Proskauer Atty For Malpractice
• Dem Presses Fed, BofA For Merrill Bonus Details
• Exide Settles Investor Class Action For $13M
• Claim Deficiencies Doom Shareholders Suit V. Ramp
• Huntsman Under Fire Over $15M Payout To Founder
• Cirrus Backdating Deal OK'd After Atty Fees Dropped
• FSA's 1st Insider Trading Jail Term Goes To TTP Exec
• Milberg Attorney Joins Canadian Class Action Firm
• Emageon Gives More Info On $39M Deal To Settle Suit
• UK Jury Convicts 2 In Debut Criminal Trading Case
• Execs Get Decades For National Century Fraud
• Toxic Asset Plan Still Light On The Details
• Bank Loses Bid To Use MFN Status In Enron Suit
• Ex-Delphi Director Strikes Deal In SEC Securities Case
• 3rd Circ. Interprets Local Controversy Under CAFA
• AIG Smacked With Shareholder Action Over Payouts
• Alleged Ponzi Scheme Victims Sue BofA, MF Global
• Dancer, Printers Settle With SEC Over Trading Scam
• ING, Others Sue Ailing Freescale Over $1B In Loans
• Lawyers Could Face Madoff Liability Claims
• BofA, Others Duped By Dealer In $88M Art Scam: DA
• Covington Lands Ex-Homeland Security Chief Chertoff
• Level 3 Communications Faces ERISA Suit
• $100M In Dreier Assets Found, But Most Spent: Report
• Investor Asks To Replead Medtronic Securities Suit
• SEC Claims Over Unregistered Offering Survive
• GAO Report Blasts SEC Short-Selling Investigation
• MRV Sues Fiberxon Execs Over $131M Merger Woes
• Ex-HealthSouth CEO, Former Gov. Seek Rehearing
• Millennium Bank Ran $68M Ponzi Scheme: SEC
• House Acts To Tighten Oversight Of TARP Funds
• ING Hit With 3rd Shareholder Class Action
• Geithner Vows To Change The Financial Game
• Lyondell Execs Escape Investor Suit Over Merger
• Milberg Extorted $18M Via Securities Suits: Casino Co.
• SEC Meet Aims To Fix 'Broken' Rating Agency System
• Ex-Morgan Stanley Exec Convicted In Kickback Scam
• Hunton & Williams Asked To Turn Over Stanford Docs
• Qwest Retirees' Claims Trimmed In ERISA Action
• Bill Aims To Get Treasury To Back Municipal Bonds
• Diebold CFO, Ex-Execs Get Wells Notices
• Operation Wooden Nickel Leads To Another Judgment
• Couple Sue Lehman To Get Back $1.5M In Collateral
• Ernst & Young To Pay $109M Over HealthSouth Fraud
• Xerox Workers Push $51M Deal In ERISA Action
• CVT Shareholders Sue To Stop $1.4B Biotech Merger
• $14M Settlement Reached In Dura Securities Suit
• Treasury Plan To Include Aid For Insurers In Trouble
• BofA Investor Fights To Sack CEO Over Merrill Deal
• Broker Hit With Charges Over $40M Ponzi Scam
• Stock Exchanges Propose Modernized Uptick Rule
• Judge Tosses Bulk Of Securities Suit V. Mayer Brown
• Geithner Wants Wind-Down Authority Over Nonbanks
• Over $1B Of Madoff's Assets Accounted For: Trustee
• Wachovia Units Fined $1.1M For Notification Failures
• Promoter Accused Of $300M Fraud Sanctioned
• Merck Loses JMOL Bid In ERISA Suit Over Vioxx Errors
• Group Launches Push For Better Corp. Governance
• Some Claims Against Strong Tossed In ERISA MDL
• Mich. Named Lead Plaintiff In AIG Securities Suit
• WilmerHale Adds Securities Partner From Citigroup
• Most Of ERISA Securities Case V. Pfizer Moves Ahead
• Ex-Peregrine Execs Prevail In Shareholder Appeal
• Jury Orders Southern Farm To Pay Shareholders $32M
• RECs In Secured Transactions Under Calif. Law
• Obama Toxic Asset Plan Still Needs The I's Dotted
• Final Defendant Tossed From Delphi MDL
• 7th Circ. Tosses RICO Suit Over Winterland Takeover
• Ex-Mercury CFO To Pay $2.7M In Backdating Case
• High Court Grills US In Enron Double Jeopardy Case
• Judge Combines Slew Of ERISA Actions Against AIG
• Managing Rumors, Maintaining Communication
• Shareholders Seek OK For $20M Deal In ProQuest Suit
• Limiting Obligation To Advance Legal Fees
• Regulatory Exclusions May Reappear After Meltdown
• Madoff To Stay Behind Bars Until Sentenced: 2nd Circ.
• Potential Regulatory Gaps In Energy Trading
• Conseco Common Stock Investors Win Class Status
• Mandatory Electronic Filing Of SEC Form D
• State AGs Join Call For AIG Bonus Details
• School Blamed For Losses In Alleged $7M Bond Fraud
• SEC Drops Backdating Case Against Ex-McAfee GC
• Internal E-mails Fair Game In AuthenTec Suit: Judge
• Credit Suisse Loses Bid To Toss Nat'l Century Suit
• House Approves Steep TARP Bonus Tax
• Fund Head Dropped Law Firms' Names In Fraud: DOJ
• Lloyd's 'Deserted' Stanford Exec In Ponzi Suits: Atty
• Case Study: SEC V. Collins & Aikman Corp.
• SEC Lax In Pursuing Naked Short-Sellers: OIG Report
• House Members Seek AIG Answers From Treasury
• SEC, Cuomo Accuse 2 Of Pension Kickback Scheme
• Luxembourg Madoff Investors Were Fully Aware: UBS
• FINRA Sets Margin Rules For Clearing CDS Trades
• Lawmakers Seek To Tamp Down Mortgage Fraud
• As 1 Roche Investor Suit Ends, Another Moves Ahead
• 33 Claims Tossed In Vivendi Shareholder Suit
• Madoff Accountant Arrested On Fraud Charges
• Mayer Brown Escapes Refco Securities Fraud Action
• 2nd Circ. Sends Back Tiff Over NASD-NYSE Merger
• Amex On Hook For Ex-CEO's Legal Bills
• Proposed Amendments To DGCL
• A Closer Look At In Re National Gas Distributors
• Tecumseh To Disgorge $7.3M To Settle With SEC
• Gibson Dunn Welcomes Back Another DOJ Refugee
• Dead NC Trader Accused Of $40M Ponzi Scheme
• Judge Nixes Lead Satyam Securities Plaintiffs
• Credit Default Swaps In The Crosshairs
• Valuation Issues For Funds With ERISA Investors
• Dura To Williams: Loss Causation Threshold
• Ponzi Victims Can Claim Losses On Tax Returns: IRS
• Hedge Fund Transparency Act: Not So Transparent
• Ex-Bayou Exec Pleads Guilty To Fleeing
• NJ Sues Lehman Execs Over $118M Loss
• Isolagen To Hand Shareholders $5.25M
• Disgraced Dreier Hit With Money Laundering Charge
• Ensuring True Environmental Disclosure
• SEC Scrutiny Of Hedge Fund Statements
• DOJ, SEC Continue FCPA Probe Into Shell Oil
• The Widening Reach Of Securities Regulators
• Penalties Urged For AIG's Post-Bailout Bonuses
• Prudential Faces Investor Suit Over Subprime Losses
• We'll Stop AIG Bonuses By Any Legal Means: Obama
• SEC Gives Chicago Exchange CDS Swap Authority
• Ex-Vivendi Execs Must Face Securities Claims
• FASB To Propose Flexible Mark-To-Market Reading
• Ex-Adviser To Mich. Sen. Joins SEC Legislative Office
• Emageon Faces Shareholder Suit Over $39M Merger
• Amerisource Must Pay Fees In Merger Suit: Court
• Plaintiff Seeks Lead Status In Subprime Suit V. RBS
• DOJ Prosecutor Rejoins Jenner & Block's DC Office
• Madoff Bail Was 'Do Or Die' Under Widening Probe
• Qwest's Nacchio Loses Bid To Toss SEC Claims
• Quest, SEC Bury Hatchet Over Options Backdating
• Cirrus Revises Backdating Settlement Offer
• MedQuist, SEC Settle; Execs Still On Hook For Fraud
• Banks, Investors Settle For $9.75M In MBC Suit
• Abercrombie & Fitch Derivative Litigation Dismissed
• Class Status Bid Denied In Imax Securities Action
• Hedge Fund Reps Took Broker-Dealer Bribes: SEC
• $46.8B Roche, Genentech Deal Ends Shareholder Suit
• Securities Fraud Case Over Mortgage Products Tossed
• Satyam Securities Cases Consolidated
• Schering-Plough To Settle Securities Suit For $165M
• Judge Rejects 'Novel' Bid To Sue IPO Underwriters
• SEC Sues Ex-CSK Auto Execs For Accounting Fraud
• FASB Chair Has 3 Weeks To Tweak Mark-To-Market
• SF Court Tosses $4B Fraud Claims Against PG&E
• Shareholder Suit Over United Rentals Deal Nixed
• SEC, Congress Taking Hard Look At Credit Raters
• Judge Denies Nacchio's Bid To Remain On Bail
• SEC Subpoenas Veraz Networks Over Vietnam Ties
• Hong Kong Convicts 5 In 1st Insider Trading Trial
• SEC Scores Injunction To Freeze Stanford's Assets
• Investors Sue Lehman Unit, Others Over Minibonds
• Madoff Pleads Guilty; Judge Revokes Bail
• Futures Pool Founder Ran $11M Ponzi Scheme: CFTC
• Merrill Hid Bonus Payout Info From Congress: Cuomo
• SEC Accuses 2 Investment Groups Of $51M In Fraud
• Del. Court Admits Mistake In $11M AT&T Options Case
• SEC Settles With Barnhill Associates Ex-President
• Schapiro Backs Mark-To-Market, But Wants Changes
• Stanford Won't Cooperate With SEC $8B Ponzi Probe
• Securities Settlement Values Fell By Over 50% In '08
• Novartis Unit Settles Shareholder Action For $30M
• Merrill Pays $7M To Settle Squawk Box Charges
• Number Of Subprime Suits 'Historic' At 576: Report
• RCM Fights Polaroid Over Fraud, Trademarks
• Ex-Exec Admits Faking Cancer To Duck SEC
• Judge Tosses Medtronic Securities Class Action
• Nacchio Asks District Court For Continued Release
• SEC Seeks $12M From Jail-Bound Investment Mgr.
• NYSE Proposes Rule Change To Limit Vendor Liability
• Citigroup Sued For Failing To Repay $120M In ARS
• Madoff Trustee OKs Payouts To 12 Investors
• Co-Lead Plaintiffs OK'd In Subprime Suit V. Citi
• Investor Class Approved In Suit V. Boston Scientific
• Satyam Plaintiffs Move To Consolidate Suits
• Shareholders Sue Sprint Nextel Over Merger Losses
• FINRA Fines Broker For Short-Selling Violations
• CORRECTED: Sunwest Judge To Stay On In SEC Action
• SEC May Reinstate Rule Reining In Short-Selling
• Ex-Prosecutor Joins Up With Nixon Defense Team
• Madoff To Cop To Charges Without Plea Deal
• Ex-National Century Exec Drops Claims V. JPMorgan
• Still Divisive: PSLRA Discovery Stay
• Justices Won't Allow InfoSpace Founder's $247M Suit
• Cuomo, Frank Demand Bonus Details From BofA
• FINRA Moves To Track Federal Bonds With TRACE
• Okla. Sues Ex-Quest CFO Over $10M Fraud Scheme
• Judge OKs Class In Infineon Shareholder Action
• First US-Based CDS Market Opens Its Doors
• 8th Circ. Nixes Short-Selling Suit V. DTCC
• Supreme Court Grants Cert To Mutual Fund Fee Case
• Dow Reaches 11th-Hour Deal With Rohm and Haas
• Judge Consolidates Suits Over Colonial TARP Funding
• Merrill, Barclays Cut From Enron Shareholder Suit
• Nacchio Asks For Bail, New Trial In Trading Case
• Hedge Fund Regulation Now Only A Question Of How
• Economic Downturn Brings Calls For Super Regulator
• O'Melveny Lands Lehman Vet
• HealthSouth CEO, Gov. Get Little Relief In 11th Circ.
• Reps. Propose Bill To Expand Accounting Oversight
• Dow, Rohm Back In Talks Over Stalled $18.8B Merger
• Ex-KB Home CEO Indicted In Backdating Case
• UK Regulators Turn In Light Touch For Strong Arm
• Fulbright, Paul Hastings Sued Over Client Fees
• Financial Crisis Litigation Wave Forming Its Crest
• Madoff Closing In On Deal With Federal Prosecutors
• WilmerHale Partner, DOJ Attorney Join SEC
• Yahoo Settles Shareholder Suit Over Severance Plan
• Shareholder Suit V. PXRE Over Katrina Losses Nixed
• UBS Must Turn Over Madoff Docs: Luxembourg Court
• Pediatrix Settles SEC Backdating Claims
• IASB Amends Mark-To-Market Rules
• Former Brobeck Chairman Joins Howard Rice
• 3 Former Krispy Kreme Execs Settle With SEC
• SEC, FINRA Promise Beefed Up Whistleblower Units
• Lead Plaintiff Appointed In Cadence Suits
• Fund Boss' Conviction Restored In $15M Fraud Case
• House OKs Wider Mortgage Powers For Courts
• Momentum Builds For Federal Risk Regulator
• VeriChip Settles Stock Option Suit With Former Exec
• 14 Firms Settle Illegal Trading Charges For $70M
• AIG Blasts Former CEO Over Fraud Claims
• Stanford Clients Sue SEC Over Frozen Assets
• UBS Escapes BNP's Grasp Over Madoff-Linked €2.5M
• Starr Fails To Get AIG Counterclaim Tossed
• Whistleblowing DVI Lawyer Wins SOX Case
• Colo. Judge Boots Shareholder Suit V. Crocs, Execs
• Ex-Gen Re VP Gets 1 Year In $600M AIG Fraud Case
• SEC's Bid To Freeze Sunwest's Assets Denied
• Judge OKs $20M Stock Deal In Parmalat Fraud Case
• Judge Scolds SEC Over Collins & Aikman Filings
• Pershing Clients Want Funds Freed In Stanford Case
• Class Seeks OK For $10M Deal With PNC Unit
• Judge Greenlights OCA Shareholders' $6.5M Deal
• GMC Holding Ordered To Disgorge $2M To SEC
• Executive Compensation Limits Not Part Of TALF
• Cincinnati Bell Workers' $23M Stock Suit Tossed
• Jury Hands Down ClearOne Convictions
• AIG Faces Another Blow As Ex-CEO Sues For Fraud
• BP Unit Escapes Securities Action Over 2006 Oil Spill
• Ex-National Century Exec Sentenced To 2 Years
• SEC Charges Sunwest With Huge Ponzi Scheme
• DTT Denied Interlocutory Appeal In Parmalat Case
• McKool Smith Scores 2 White Collar Litigation Vets
• Kanjorski Introduces Bill To Close Madoff Loophole
• SEC Seeks Final Judgment In Westar Fraud Case
• Stanford Execs 'Borrowed' $1.6B From Investors: SEC
• PwC, NJ Settle Tyco Fraud Suit For $5.8M