Securities Archive » February, 2011

Securities - February, 2011

337 articles

• Citibank Exits MBIA Insurance Fraud Suit
• Judge OKs Investor Settlement In Qwest Merger Suit
• Questar Beats Mich. Action Over $250M Ponzi Scheme
• Ex-McGuireWoods Atty Gets 3 Years For $17M PIPE Con
• Judge Hangs Up Motorola Securities Action
• Allstate Targets Credit Suisse In Latest MBS Suit
• SEC Freezes Trader's Assets Over $4M Offering Fraud
• Morgan Stanley Can't Escape CDIB Fraud Suit
• 1st Circ. Affirms Carlyle Win In Huffington MBS Suit
• Judge Denies Motion To Dismiss In $4.5M Ponzi Case
• Ex-Directors Of Body Armor Co. On Hook For Fraud: SEC
• NM Real Estate Co. Denies Running $76M Ponzi Scheme
• SEC Counsel Says Madoff Ties Didn't Warrant Recusal
• Investor Suit Halts $8.1B Uralkali-Silvinit Deal
• SEC Opens FCPA Probe Of Kraft Facility In India
• Hughes Investor Sues To Block $2B EchoStar Deal
• 2nd Circ. Revives MBIA Securities Class Action
• Swiss Re, BNY Fight €62.5M Swap Liability
• Arnold & Porter Nets Veteran UK Prosecutor
• Sydow Suit Over Stanford Fees Returns To State Court
• MassMutual Brings Credit Suisse Into MBS Battle
• Insurer, Tremont Settle Madoff Action For $100M
• SEC Targets Citi's Subprime Mortgage Business
• Countrywide Gets OK For $624M Deal In Subprime Suit
• Fines Likely From Foreclosure Probe: Wells Fargo
• Dechert Wants Nonbank Designation Rule Barred
• Frontier Shareholder Sues Over $7B Holly Merger
• Hyundai Execs Ordered To Repay Co. $73M
• Sprint Denied Appeal Of Bid To Dismiss Merger Suit
• FCPA Self-Reporting Still A Tough Sell
• House Republicans Eye Top SEC Atty's Madoff Ties
• Most Claims Live In Madoff Trustee's $1B Adviser Suit
• Itron Brass Accused Of Duping Investors
• Merrill Didn't Say Enough About ARS Meddling: Atty
• Elan Hid Problem With $1B J&J Deal, Investors Say
• Concert Promoter Cops To $50M Ponzi Scheme
• Securities Litigation Developments In 2010
• Investors Hit Oilsands Quest Over $136M Adjustment
• Freddie Mac Exec Gets Wells Notice Amid SEC Probe
• BofA Dodges Calif. ARS Action
• RSL Investors' Attys Nab $2.5M In Lehman Fraud Suit
• SEC Targets 3 Over $63M Microcap Fraud
• MassMutual Sues RBS Over $235M In 'Junk' MBS
• Ex-US Mortgage Head Gets 14 Years For $136M Fraud
• 3rd Circ. Lets SEC Ruling On PHLX Bylaw Stand
• Beckman Investor Sues To Block $6.8B Danaher Deal
• Mets Owners Delay Fight For Discovery In Madoff Case
• Judge Allows Shareholder Vote On J.Crew Buyout
• NY Jury Convicts 2 In $6M Watermark Fraud Case
• Spotlight On CFTC Rule 4.5
• CFTC Seeks Comment On New Disruptive Trading Order
• Genesco Investors Push To Sue UBS Over Merger Flop
• Deutsche Bank Korean Unit Hit With 6-Month Ban
• Ex-Taylor Bean Treasurer Pleads Guilty To $2B Fraud
• German Securities Probe Could Kill Porsche-VW Deal
• ING Faces Class Action Over Pension Plan Kickbacks
• Ex-Embarcadero Exec To Pay In $14M Backdating Suit
• BofA Warped Loan Quality Behind $1B In MBS, Suit Says
• Shareholders Fight $192M LaBranche Sale To Cowen
• E-Trade Could Face FINRA Action Over ARS Sales
• Expert Networking Defendant Wins Bail Package OK
• Default Rulings Issued In Tri-Star Kickback Suit
• Exchanges Lash Out At CFTC Regulation
• CFTC Strikes Deal In Forex Trader Case
• SEC Wins Judgment Against Wellco Defendants
• SEC's Top Lawyer Faces Madoff Clawback Suit
• Wyly Brothers Fight SEC's Request For Attorney Docs
• Assessing FINRA Priorities And Results
• SEC Arbitration Ban Rule Not Retroactive: 9th Circ.
• Barclays Not Entitled To $5B From Lehman: Judge
• NY Man Faces 20 Years In Prison After Ponzi Plea
• Texas Atty Pleads Guilty In Stock Manipulation Case
• Onex Exerted Undue Influence On $3B EMS Deal: Suit
• Judge Pares Class Claims In Vivendi Securities Suit
• FINRA Immune From Merger Action: 2nd Circ.
• FCPA Case Challenges DOJ On 'Foreign Official'
• Murdochs' Shine Deal Likely To Draw Shareholder Ire
• Insurers Must Cover $9M In Loral Atty Fees: NY Court
• Philips Reports Possible FCPA Violations
• Trustee Hits Citi With $430M Suit Over Madoff Deals
• High Court Nixes Argentina's Asset Seizure Appeal
• Barclays Accused Of Aiding Unfair $5B Del Monte Deal
• Galleon Defendant's Firm Faces Boot Over Job App
• Shareholders Sue EMSC Over $3.2B Deal
• Disney Secretary Avoids Jail Time For Trading Scheme
• Top FINRA Enforcer Headed Back To Private Sector
• Social Media, Securities Law And Private Companies
• JPMorgan Says Lehman Dumped 'Goat Poo' Assets On It
• Sprint Agrees To Drop Excess Insurers From Suit
• 11th Circ. Upholds Helvetia Fraudster's Conviction
• Allstate Hits Citi, Deutsche Bank With MBS Suits
• Grant Thornton Targets Equity Firm In Refco MDL
• SEC Executive Director Returns To Private Sector
• Judge Lets MissPERS Back In $950M RBS Fraud Suit
• 2nd Circ. Affirms Toss Of Paul Weiss Malpractice Suit
• Rabbi Gets 4 Years For $4M SAC Capital Extortion Plot
• Brazil Nets 1st Insider Trading Convictions
• Office Depot Appeals Loss To Insurers In SEC Case
• HP Investor Wants Report That Led To Ex-CEO's Exit
• Ambac Unit Slaps JPMorgan With New Subprime Suit
• Judge OKs $3.25M Settlement In GSI Shareholder Case
• AIG Employee Says She Was Fired For Blowing Whistle
• SEC, CFTC Told To Revamp High-Frequency Trade Rules
• Stars Among Creditors In Starr & Co. Bankruptcy
• Biovail Founder Strikes Deal In SEC Fraud Suit
• Broker-Dealer To Pay $21M To End Offering Actions
• Black Asks High Court To Overturn Conviction Again
• UniCredit Says Picard Lacks Standing In $60B Suit
• FINRA's Expanded Obligations For Broker-Dealers
• Tri-Star Head Gets 30 Months For Kickback Scheme
• Apollo Loses Bid To Dodge Buyout Antitrust Action
• Judge Freezes Assets Of 3 Alleged Ponzi Schemers
• ARS Action Against Failed Student Lender Tossed
• Expert Network Scheme Suspect Fights For Release
• Stanford Accuses US Of Rights Violations
• SEC Corruption Probe Prompts Scrutiny Of Deals
• Flir Settles ICx Shareholder Suit With Extra Info
• 3 Ex-Countrywide Officers Trimmed From BofA MBS Suit
• Bernanke Questions Small-Bank Swipe Fee Exemption
• Credit Agricole Loses $478M Claim Over Repo Deal
• Ex-KB Homes Exec Gets Probation In Backdating Plot
• Man Used NFL Contacts To Fuel $41M Ponzi Plot: Feds
• SEC Again Seeks Default Ruling In Penny Stock Suit
• Investor Targets Tidewater Board Over FCPA Cases
• RehabCare CEO Cheated Investors In Kindred Deal: Suit
• Lawmakers Plan To Tighten Sanctions On Iran
• Satyam Coughs Up $125M To Exit Securities MDL
• Freddie Mac Ex-CFO Faces Possible SEC Action
• In Pari Delicto: Not For Third-Party Liability
• Ex-Hevesi Aide Hit With Jail Time For Kickback Scheme
• Con Man Gets 13 Years, $8M In Fraud Scheme
• Shell To Pay $8M To Finalize Deal In Investor Suit
• Casino Magnate Again Sues Daughters For Gaming Co.
• Lancer Fund Manager Can't Shake $200M Fraud Case
• SEC Settles Insider Trading Case Over Shiseido Merger
• Allstate Hits JPMorgan With MBS Fraud Suit
• Shareholder Fights $10B NYSE-Deutsche Boerse Deal
• Picard Never Met Madoff, Atty Says
• Judge Tosses NML Suit Against Energia Argentina
• CalPERS Confirms Criminal Placement Agent Probe
• Ousted JPMorgan Exec Renews Whistleblower Suit
• MBS Sales Need Review, Bond Insurers Tell NY Reps
• Canadian Judge Denies Imax Appeal Of Class Cert.
• E&Y Atty Fights Trading Conviction In 2nd Circ.
• Rajaratnam Loses Last-Minute Wiretap Exclusion Bids
• MassMutual Sues Deutsche Bank Over $125M In MBS
• Ex-Credit Bancorp CEO Ordered To Disgorge $21M
• Mercer Shareholder Action Sent Back To State Court
• Atlas Energy Shareholders Bless $4.3B Sale To Chevron
• Paul Weiss, MIG Spar Over Limitations In 2nd Circ.
• Lawmakers Clash Over Financial Crisis Report
• Brothers Plead Guilty To Insider Trading At Sequenom
• Uniform Securities Fraud Penalties Needed: US Atty
• Meridian Says It Was Madoff's Victim, Not Feeder Fund
• Compelling Disgorgement In Antitrust Cases
• Ex-Hedge Fund Exec Fails To Nix Rajaratnam Subpoena
• Judge Delays $5B Del Monte Deal, Rips Barclays
• Air Products Suffers Defeat As Airgas Poison Pill Upheld
• Judge Grants Bid To Shield FCPA Case Info
• Microtune Execs Escape SEC Backdating Claims
• Fannie, FHFA Defend Legal Aid For Ex-Officials
• Hedge Fund Fraudster Seeks Review Of $3.8M Penalty
• Sky Capital Exec Cops Plea In $140M Securities Fraud
• $217M ARS Suit Against Deutsche Bank Gets Go-Ahead
• Pre-ERISA Employees Cut From Marriott Class Action
• In-House Counsel Name Favorite M&A, Securities Attys
• Pros And Cons Of SEC Rule 204(b)-1
• Regulators Seek To Quell Fears Over Swap Margin Rule
• $3.6M Hemispherx Securities Settlement Gets Final OK
• NY Judge Derides $49M Aetna Suit V. Lehman Affiliate
• Deutsche Boerse, NYSE Promise Huge Synergies
• Gov't Demands Discovery In Rajaratnam Case
• Jailed Qwest Ex-CEO Gives Up Appeal In 10th Circ.
• Quinn Emanuel Picks Up Kirkland Finance Pro
• Ohio AG Hits BP With Class Action Over Pension Losses
• Goldman's Tourre Asks Judge To Toss SEC ABACUS Suit
• State Bankruptcy Carries Problems, Experts Tell House
• Obama Proposes User Fees To Bolster CFTC Funding
• Feds Want In On $84M Crown Forex Fraud Suit
• Carrillo Huettel Must Show Records In SEC Probe: Judge
• Chinese IPO Boom Spurs Securities Litigation Wave
• DOJ Could Get $28B Bump In 2012 Budget
• SEC Ignored Red Flags In Westridge Fraud: IG Report
• Funds Seek Class Cert. In Wells Fargo MBS Suit
• Hedge Fund Shuts Doors After FBI Raid
• Panera To Settle Shareholder Suit for $5.75M
• Alleged Penny Stock Schemers Evade Default Judgment
• Preemption And The Martin Act
• Wachovia To Pay $12M To End ERISA Action
• Insurer Suit Over Wells Fargo Lending Program Lives
• SEC Hits 3 IndyMac Execs With Fraud Charges
• BNY, Wells Fargo Cut Securities Fraud Action Claims
• Alleged Millennium Ponzi Schemer Settles With SEC
• Ex-Trident CEO To Settle Derivative Suit For $9.4M
• Sen. Targets SEC, DOJ Relations In Criminal Probes
• Calif. Investment Co. Head Gets 5 Years For Fraud
• Judge Stonewalls Doral In $130M Restitution Bid
• WexTrust Founder Settles With SEC Over $250M Fraud
• Barclays' Alleged Deceit May Delay $5B Del Monte Deal
• Continental To Settle Clawback Claims For Up To $25M
• Ex-Credit Bancorp Exec Must Pay $35M In Civil Case
• 'Dallas' Star Hagman Loses $11.5M FINRA Award
• Climate Change Disclosure Obligations For Insurers
• Shareholder Sues Aegean Over Post-Merger Problems
• Merrill Lynch, Rating Agencies Freed From ARS Action
• Le-Nature's CEO Made $28M Off Ill-Gotten Jewels: Feds
• Obama Housing Plan Winds Down Fannie, Freddie
• Cooperator Lied In Wiretap Evidence, Rajaratnam Says
• State Street Sued By Ark. Fund Over Forex Deals
• Progress Energy Shareholder Sues Over $14B Duke Buy
• Mario Cuomo To Ref Madoff Trustee, Mets Showdown
• Pa. Broker Pleads Guilty To Insider Trading
• Retirement Community Sues Over Lehman Swap Deals
• Political Pressure May Doom Exchange Megadeals
• SEC Internal Watchdog Details Procurement Waste
• Wiretapping For Beginners
• Pride Shareholder Sues To Block $7.3B Ensco Merger
• Tyson To Pay $5.2M To Settle Mexico Bribery Claims
• Ex-Paul Hastings Atty Pays To Settle SEC Suit
• ArthroCare Strikes Deal To End SEC Accounting Probe
• EU Plans Bill To Rein In Auditors
• SEC To Probe Use Of ETFs For Insider Trading
• France Hits Daimler With New Insider Trading Probe
• 2nd Circ. Revives Suit Over $4.5B Blackstone IPO
• CFTC Wants End Users Exempt From Swap Margin Rule
• NM Judge Revives Vanderbilt Pay-For-Play Suit
• Dechert Fights Liability Claim In Dreier Scheme
• Vanguard Wants Gambling Investment Suit Tossed
• Elan Shareholder Suit Gets The Boot
• Shareholder Appeal Of $10B WaMu Deal Untimely: Judge
• SEC Proxy Rule Jibes With 1st Amendment: Law Profs
• Fed Gives Banks 2 Years To Meet Volcker Rule
• Fla. Judge Won't Rehear Alcatel-Lucent RICO Suit
• Judge Bars 3rd-Party Suits Against Madoff Relatives
• ProLogis Shareholders Sue To Block AMB Merger
• Life Insurance Bond Co. Defendants Deny $670M Fraud
• Shareholder Consent Is The Key To Forum Selection
• London, Toronto Exchanges To Merge Into $6B Giant
• Investors Settle With Chinese Education Co. For $1.75M
• JPMorgan Seeks Transfer Of $6.4B Madoff Suit
• The 'New Normal' In ESI Preservation Duties: Part 2
• Accounting Firm Aided $5M BofA MDL Fund Theft: Suit
• Troutman Tries To Nix Taylor Bean Exec's Info Demand
• DLA Piper Lures 2 Paul Hastings Litigation Leaders
• Atlas, Chevron Settle Suits Ahead Of Vote On $4B Deal
• Ex-Tesoro VP Says He Was Fired For Raising Fraud Flag
• SEC Proposes Quick Registrations Without Ratings
• Wesco Investor Sues To Stop $548M Berkshire Deal
• Sunwest Settles With Merrill Over $2.2M Claim
• 4 Charged In Expert Networking Trading Scheme
• Air Products Awaits Ruling On Airgas Poison Pill
• AIG Fails In 2nd Bid To Toss Shareholder Action
• UBS To Buy Back $1.5B In ARS To Settle NJ Claims
• JPMorgan, HSBC Silver Futures Cases Consolidated
• FINRA Hits Citi With $6.4M Ruling Over MAT Funds
• WaMu Files New Ch. 11 Plan With Judge's Suggestions
• BofA Tries To Nix Merrill Employee Benefits Action
• Nixon Peabody Lures Stroock Securities Expert
• Ex-Lehman Execs Hid Subprime Woes, CalPERS Says
• Comfort Letters And Post-Year-End Offerings
• Attorneys Seek $22M In Fees For Pfizer Settlement
• Hedge Fund Founder Ordered To Pay $3.8M
• Answers Shareholder Sues Over $127M Summit Deal
• Ex-Primary Global Executive Fights Trading Charges
• SEC Hits Wall Street Capital Funding With Fraud Suit
• Cell Therapeutics Fails To Nix Investor Class Action
• Nelson Mullins Adds Finance Atty From Locke Lord
• Shareholders Try To Revive Barclays Subprime Suit
• 20-Year Fraud Sentence Upheld For HomeGold CEO
• Capital Blu Execs Looted $17M Commodity Pool: Jury
• Atheros Exec Settles With SEC In Galleon Trading Suit
• Texas Officials Order Probe Of Rolling Blackouts
• When Is Silence Fraudulent?
• Plasticon Exec To Pay $3.2M To Bury SEC Fraud Case
• Moore, MF Global Want Manipulation Suit Tossed
• EBay Loses Bid To Toss Craigslist Trademark Suit
• Ex-WilmerHale Partner Named SEC General Counsel
• Comcast Settles Retirement Fund Action For $5M
• Hedge Fund Loses Challenge Of Disclosure Rules
• Fried Frank Plucks Steptoe & Johnson Commercial Atty
• Madoff Trustee Claims Mets Owners Owe Victims $300M
• Investors Sue NHI Over Nursing Home Sales Fraud
• SEC Considers Further Flash Crash Safeguards
• Del. Disparity On Disclosing Merger Projections
• WexTrust Exec Cops To $255M Ponzi Scheme
• SEC Adds Civil Charges To Expert Networking Probe
• 11th Circ. Upholds 20-Year Sentence For Fraudster
• Mets' Owners Done Negotiating With Madoff Trustee
• TD Ameritrade To Pay $10M To Bury SEC Claims
• AXA Units To Pay $242M To Settle Coding Error Suit
• Ex-Home Diagnostics CEO Indicted Over Stock Tips
• Life Partners Fudged Life Expectancy Data, Suit Says
• JPMorgan Knew Of Madoff Fraud, Trustee Says
• Northstar, Top Exec Settle Fraud Case For $11M
• Investors Sue BofA Over Foreclosure Foul-Ups
• McDermott Wins Bid For Trust Info In Malpractice Suit
• Judge OKs $3M Deal In PFF Bancorp ERISA Action
• UK Adviser Pleads Not Guilty To Insider Trading
• Investors Slam MannKind After FDA Balks On Afrezza
• Interlocutory Appeals And Twombly In 7th Circ.
• Hedge Funds Drive Porsche-VW Deal Case To 2nd Circ.
• MetLife Brokers Exempt From Advisers Act: 10th Circ.
• Smurfit-Stone Investor Sues Over $3.5B RockTenn Deal
• Money Manager Touting Royal Ties Pleads Guilty
• Danvers Shareholder Fights $493M People's United Buy
• Evidence At Issue As Rajaratnam Case Nears Start
• SEC's General Counsel To Step Down This Month
• 2nd Circ. Nixes Investor's Suit Over E&Y Merger Fraud
• Madoff Associate Fails To Block Investor Suits
• Massey Shareholders Challenge $7.1B Alpha Merger
• Judge Nixes Investor Appeal In Mortgages Ltd. Ch. 11
• Law360 Securities Editorial Advisory Board
• ING Hit With Class Action Over Annuity Contracts
• Banker Gets 40 Months For $1M Insider Trading Plot
• SEC Opens Probe Into CSC Accounting Adjustments
• Investor Suit Over Verizon's Idearc Spinoff Gets Boot
• NY Broker Charged In $30M Pump-And-Dump Scheme
• Bear Stearns Workers Again Fail To Split Suit From MDL
• SEC Approves Facilities To Shine Light On Swap Trading
• Lehman Fights JPMorgan's Fraud Claims
• TD Hit With Class Action Over Class Actions
• The 'New Normal' In ESI Preservation Duties: Part 1
• Mets Owners Fight To Keep Madoff Trustee Case Sealed
• NY Appeals Court Scraps $5.7B CDO Suit V. Merrill
• Judge Orders Rajaratnam To Give Wiretaps To SEC
• Hedge Funds Object To Probe Request In WaMu Ch. 11
• Genzyme Seeks Toss Of Investors' Insider Trading Suit
• SEC Seeks Sanctions In McGinn Smith Fraud Case
• Probe Of BNY Mellon Halted In Basell Investor Suit
• Tourre Asks Court To Enforce RBS Subpoena
• AllergyFree Foods Accuses Ex-President Of Fraud
• J.Crew Investors Back Out Of $10M Deal Over Buyout
• Ex-New Castle Exec To Pay $3.5M In SEC's Galleon Suit
• SEC Probes Harrisburg's Disclosures To Bond Investors
• SEC OKs FINRA's All-Public Arbitration Panel Rule
• FCPA Guidance In Alcatel-Lucent Settlements
• Investor Sues Over Verizon's $1.4B Bid For Terremark