Corporate & Securities Law Community

Title	Views
1	Dodd-Frank Law Sets New Rules for Compensation Consultants, Counsel and Other Advisers	10696
2	How Far Can the Plaintiffs Really Go With the Cases Against U.S.-Listed Chinese Companies?	9439
3	D & J Tire Inc. v. Hercules Tire & Rubber Co, 2010 U.S. App. LEXIS 4156 (5th Cir. February 26, 2010)	6328

Title	Downl.
1	The Dodd-Frank Act, Commentary and Insights by Skadden, Arps, Slate, Meagher & Flom LLP & Associates--Chapter1: Orderly Liquidation Authority	24
2	The Dodd-Frank Act, Commentary and Insights by Skadden, Arps, Slate, Meagher & Flom LLP & Associates--Chapter1: Orderly Liquidation Authority	9

This Week in Securities Litigation (Week Ending May 18, 2012)

The Commission issued a record number of trading suspensions for one day this week as part of an on-going effort to prevent microcap manipulations. A House Committee heard testimony from the Director of the Enforcement Division on its long standing policy

Published Fri, May 18 2012 7:06 AM by Thomas O. Gorman

SEC Charges Recidivist In International Manipulation

The Commission charged recidivist securities law violator Nicholas Geranio and others with running a complex international manipulation and boiler room operation for over two years which fleeced investors out of over $35 million. SEC v. Gerandio (C.D

Published Thu, May 17 2012 9:17 AM by Thomas O. Gorman

Securities Suit Filed Against JPMorgan Chase Over Massive Trading Losses

In the wake of JPMorgan Chase's startling news last week of its $2 billion trading loss, and of the equaling startling statements of Jamie DImon, the bank's CEO, that the losing trades were, among other things, "flawed, complex, poorly reviewed, poorly

Published Wed, May 16 2012 9:11 AM by Kevin M. LaCroix

Another Aggressive Insider Trading Case for the SEC

The Commission has brought a series of aggressive insider trading actions which are pushing the edges of, and may redefine, insider trading theory. In one case has been based in part on the observation of matters such as tours of a company facility by

Published Mon, May 14 2012 8:05 AM by Thomas O. Gorman

This Week in Securities Litigation (Week ending May 11, 2012)

International was a key theme this week. The Commission brought another action against the Shanghai affiliate of an international accounting firm based on its failure to produce work papers from an audit of a Chinese issuer and a proceeding against two

Published Fri, May 11 2012 12:12 PM by Thomas O. Gorman

A Daughter and Father Insider Trading Ring

Many insider trading cases turn out to be "all in the family," involving various family members who have access to, and trade on, inside information. Sometimes spouses trade together. Other times one spouse betrays the trust of another by using information

Published Tue, May 8 2012 3:54 PM by Thomas O. Gorman

Tapes Send Sky Capital CEO, Office Manager to Prison

Wire tap tapes proved the undoing of jailed hedge fund mogul Raja Rajaratnam who is serving eleven years for insider trading. Audio tapes from the FBI also helped convict and send to prison for former brokerage CEO Ross Mandell and one of his key assistants

Published Mon, May 7 2012 10:56 AM by Thomas O. Gorman

SEC - Where is the Public Good?

Jesse Eisinger posted a very good piece on the SEC and ratings agencies today ( SEC keeps the Ratings Game Rigged ). He writes about the Egan-Jones case, "This is your S.E.C., folks. It courageously assails tiny firms, and at the pace of a three-toed

Published Fri, May 4 2012 10:54 AM by Robert AG Monks

This Week in Securities Litigation (Week ending May 4, 2012)

The Commission prevailed in four court actions. In the district court the agency won a summary judgment motion against an investment adviser. In the Eleventh Circuit Court the SEC secured a pair of victories. In one it obtained the reversal of a grant

Published Fri, May 4 2012 7:57 AM by Thomas O. Gorman

SEC Wins in Eleventh Circuit Against Morgan Keegan

The Commission prevailed on its appeal to the Eleventh Circuit Court of Appeals in an action against Morgan Keegan & Co. The case centers on claims that the firm defrauded its customers in connection with the purchase and sale of auction rate securities

Published Thu, May 3 2012 3:30 PM by Thomas O. Gorman

Predicting Securities Suit Case Outcomes

A great deal of the analysis of securities class action lawsuit settlements revolves around measures of aggregate, average and median settlement amounts. These data, while useful, are relatively unhelpful in trying to anticipate the outcome of any particular

Published Wed, May 2 2012 7:55 AM by Kevin M. LaCroix

SEC Charges UBS Subsidiary, Two Executives with Fraud

The Commission instituted proceedings against UBS Puerto Rico and two of its former senior executives alleging that misrepresentations were made in connection with the sale of shares in non-exchange traded closed end funds about the pricing and the market

Published Wed, May 2 2012 7:45 AM by Thomas O. Gorman

Withdrawing the Fifth Amendment in an SEC Action

The Tenth Circuit Court of Appeals sustained the refusal of the district court to permit a defendant faced with a summary judgment motion in a Commission enforcement action to withdraw his invocation of the Fifth Amendment privilege not to testify. The

Published Tue, May 1 2012 11:43 AM by Thomas O. Gorman

Egan-Jones: Misrepresentations or Undefined Standards?

Credit rating agencies can have a significant impact on the on the market place. The rating assigned by the agencies to securities can impact things such as the price, interest rate and marketability. Yet the inner workings of these agencies have traditionally

Published Mon, Apr 30 2012 7:17 AM by Thomas O. Gorman

New Nasdaq $2 / $3 Initial Price Listing Standards

As a quick follow up on this topic from a few months ago (prior post can be read here ), the SEC has approved alternatives to Nasdaq's historical $4 minimum bid price listing standard. Under the new alternative listing standards, a security may qualify

Published Fri, Apr 27 2012 9:16 AM by Andrew Ledbetter