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Thomas Gorman On The Week in Securities Litigation: July 8, 2011


The SEC and the DOJ resolved another bid-rigging case related to anticompetitive practices in the municipal securities markets. This is one of a series in an ongoing investigation. The SEC also prevailed on a summary judgment motion in an investment fraud action, filed a settled financial fraud case and another investment fraud action.

The PCAOB announced that a joint delegation from the Board and the SEC will meet shortly with their counter parts in China to discuss a mutual cooperation arrangement regarding the inspection of Board registered audit firms in the country.

Finally, a jury verdict in an SEC enforcement action was reversed by the D.C. Circuit. The court concluded that venue was not proper in the case.

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For more cutting edge commentary on developing securities issues, visit SEC Actions, a blog by Thomas Gorman. 

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