Litigation

Recent Posts

The Week In Securities Litigation: Mary Jo White Becomes 31st Chairman Of SEC
Posted on 13 Apr 2013 by Thomas O. Gorman

Mary Jo White became the thirty-first chairman of the SEC this week. Ms. White take the helm of an agency at a cross-roads. While it has made great strides since the beginning of the financial crisis and a series of scandals many have questioned the vigor... Read More

The Week in Securities Litigation: White Testifies At Confirmation Hearing, SEC Brings Another Action
Posted on 18 Mar 2013 by Thomas O. Gorman

Mary Jo White, selected by the President as the next Chairman of the SEC, testified in her confirmation hearings before a Senate Committee {last] week. Ms. White promised the Committee that under her the agency would complete rule making for Dodd-Frank... Read More

The Week In Securities Litigation: SEC Seeks Budget Hike, Brings 2 New Actions
Posted on 10 May 2013 by Thomas O. Gorman

The focus this week was on the proposed SEC budget as new SEC Chair Mary Jo White told a House subcommittee that the agency needs about a 26% increase. Part of the additional funding is to hire almost 700 new staff members. SEC enforcement, in conjunction... Read More

The Week in Securities Litigation: Companies With China-Based Operations Were SEC Focus
Posted on 17 May 2013 by Thomas O. Gorman

Companies with China based operations were a focus this week for the SEC. The Commission filed two financial fraud actions against companies whose operations were in the PRC. In one there seemed to be virtually no operations while in the other two sets... Read More

The Week In Securities Litigation: $600 Million Insider Trading Settlement Reached
Posted on 22 Apr 2013 by Thomas O. Gorman

The Second Circuit's pending decision in the Commission's Citigroup market crisis case continues to loom as Judge Marreno approved the over $600 million insider trading settlement involving SAC Capital - conditioned on the outcome of Citigroup... Read More

The Week In Securities Litigation: SEC Announces Modified Settlement Policy For Select Enforcement Actions
Posted on 22 Jun 2013 by Thomas O. Gorman

Commission Chair Mary Jo White announced a modified settlement policy for select enforcement actions. While most cases will be settled on a neither admit nor deny basis, the category of actions in which admissions will be required will be expanded. Currently... Read More