Litigation

Recent Posts

The Week In Securities Litigation: First Co-Directors Of SEC's Enforcement Division Take The Helm
Posted on 28 Apr 2013 by Thomas O. Gorman

George Canellos and Andrew Ceresney, two former colleagues in the Manhattan U.S. Attorney's Office, became the first Co-Directors of the SEC's Enforcement Division. The Division also secured a ruling this week which will permit its subpoena... Read More

Russell Wasendorf Gets 50-Year Sentence For Fraud Related To Peregrine Bankruptcy
Posted on 31 Jan 2013 by James Cordrey

CEDAR FALLS, Iowa- (Mealey's) A federal judge in Iowa on Jan. 31 sentenced Russell R. Wasendorf, the former CEO of bankrupt Peregrine Financial Group Inc., to 50 years in federal prison for stealing more than $215.53 million in customer funds while... Read More

The Week In Securities Litigation: SEC Brings Action Against 8 Fund Directors, 2 Actions Focused On Chinese Issues
Posted on 14 Dec 2012 by Thomas O. Gorman

The SEC brought an action against eight fund directors, six of whom were independent and members of the audit committee, alleging that they caused material misstatements in the valuation of fund assets by failing to implement proper standards. The agency... Read More

The Week In Securities Litigation: SEC Settles 2 Insider Trading Cases
Posted on 22 Mar 2013 by Thomas O. Gorman

The SEC settled two insider trading cases this week in which S.A.C. Capital was named as a relief defendant. In one it obtained the largest payment to date in an insider trading case, about $600 million. Reportedly S.A.C. Capital will fund the settlement... Read More

Former CFTC Deputy General Counsel Brad Berry Joins Baker Botts
Posted on 27 May 2011 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - Brad Berry, formerly deputy general counsel of the U.S. Commodity Futures Trading Commission (CFTC), has joined Baker Botts L.L.P. as a partner. He is based in the firm's Washington office. Berry joins Baker Botts as the CFTC... Read More

14 Firms Sued By CFTC For Foreign Currency Trading
Posted on 27 Jan 2011 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - (AP) Federal regulators have filed suit against 14 small firms that officials say are breaking the law by selling foreign-currency contracts to individuals without being registered with a government agency. The lawsuits announced Wednesday... Read More