In light of the pending union between exchanges Euronext N.V. and NYSE Group Inc., the Securities and Exchange Commission and a group of European regulators on Thursday signed an agreement aimed at ensuring oversight, investor protection and market stability and integrity.
A Texas court overseeing a massive securities class action against Enron Corp. has granted the lead plaintiff’s request to dismiss several defendants, including the law firm Vinson & Elkins LLP and deceased Enron founder Ken Lay from the lawsuit.
A district court judge has ruled that all four former executives implicated in the accounting scandal at newspaper conglomerate Hollinger Inc. will be tried together in a trial set to begin in March.
A Pennsylvania insurance company has won a small victory in a securities and wrongful-termination case filed against the firm after a judge ruled that the company has the right to compel arbitration before the National Association of Securities Dealers.
Claiming that Midwest Air Group Inc. is trying to thwart its merger with Midwest Airlines, discount airline AirTran Airway filed a complaint in New York State Supreme Court Tuesday to compel the company to disclose its shareholder list.
The U.S. Securities and Exchange Commission has approved several changes to the National Association of Securities Dealers’ arbitration code, which had been proposed by the self-regulatory association in an effort to make arbitration and mediation more transparent.
One of Broadcom Corp.'s founders was partly to blame for the options backdating scandal that saw the semiconductor company reveal an extra $2.2 billion in expenses on Wednesday, the company said.
Apple Inc.’s Chief Executive Steve Jobs was grilled last week by the U.S. Department of Justice and the U.S. Securities and Exchange Commission over stock options backdating practices at the company.
An arbitration panel has slapped the former chief executive of Gemstar-TV Guide International Inc. with a whopping $93.6 million fine, demanding that he shell out tens of millions of dollars in damages for engineering a vast accounting fraud scheme at the media giant.
Government regulators are asking the U.S. Supreme Court to exempt investment firms from antitrust laws in one of the most closely followed antitrust cases before the Supreme Court.
The U.S. Securities and Exchange Commission has delayed a decision on whether to allow shareholders to nominate corporate board members.
It has only been a week since Heller Ehrman LLP said it would soon open a London office, but the firm is already hiring up for its European strategy.
As an increasing number of companies choose to list on foreign exchanges, the U.S. Securities and Exchange Commission has searched for a way to stem the flow of capital out of U.S. markets. The solution to this problem may come in the form of an SEC proposal that aims to loosen restrictions on foreign companies listing stock on U.S. exchanges.
Kirkpatrick & Lockhart Preston Gates Ellis LLP (K&L Gates) has tapped a new partner to round out the firm’s litigation and white collar/criminal defense practice in its Los Angeles, Calif. office.
Noting that New Jersey is as good a venue as anywhere in the world, a judge has denied Citigroup’s request to move its case against Parmalat to Italy, calling the financial group’s motion a “hastily cobbled together” and “barren” record that inadequately made its case.
A former head of the Major Crimes Unit in the U.S. Attorney’s Office for the Southern District of New York has joined Bracewell & Giuliani LLP’s white collar crime practice as a partner in its New York office.
The New York Stock Exchange and the National Association of Securities dealers are one step closer to creating a single self-regulatory organization, after NASD member firms voted to approve changes to the organization’s bylaws.
A company was more likely to illegally backdate options if it had a director that sat on the board of another company that had already backdated options, according to a recent study.
Thirteen former U.S. Foodservice Inc. vendors on Monday became the latest to be charged by the U.S. Securities and Exchange Commission for their roles in a fraudulent scheme to overstated company earnings by about $700 million in 2001 and 2002.
Smaller companies groaning under the accounting and disclosure requirements mandated by the Sarbanes-Oxley Act of 2002 may be in line for a dose of relief in the form of an extension.