Litigation

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Investor's Watchdog Pat Huddleston Joins Page Perry
Posted on 7 Feb 2012 by LexisNexis Litigation Resource Community Staff

ATLANTA - Pat Huddleston, the driving force behind Investor's Watchdog LLC and the author of The Vigilant Investor , joined the Atlanta-based law firm of Page Perry LLC as a partner on Nov. 28, 2011. Formerly an SEC enforcement branch chief out of... Read More

Gibson Dunn Forms Team To Counsel Clients On New Whistleblower Regulations
Posted on 9 Jun 2011 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - Gibson, Dunn & Crutcher LLP has formed a multidisciplinary Whistleblower Team to offer experienced, comprehensive counsel on the full range of issues that arise under the Securities and Exchange Commission's (SEC) final whistleblower... Read More

Senior SEC Attorney Joins Labaton Sucharow To Launch Whistleblower Practice
Posted on 2 Aug 2011 by LexisNexis Litigation Resource Community Staff

NEW YORK - Jordan A. Thomas, a 16-year veteran of the federal government, has announced that he has left the U.S. Securities and Exchange Commission (SEC) to join Labaton Sucharow LLP and launch its Whistleblower Representation Practice. Labaton Sucharow... Read More

SEC Reaches Settlement With Pennsylvania City Over Federal Securities Law Violations
Posted on 8 May 2013 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) The Securities and Exchange Commission and the City of Harrisburg, Pa., have agreed to a cease-and-desist order preventing the city from continuing its violation of federal securities laws in connection with statements... Read More

SEC Settles FCPA Claims With Oil Companies, Global Freight Forwarding Company For $237M
Posted on 8 Nov 2010 by Timothy Raub

WASHINGTON, D.C. -- The Securities and Exchange Commission has reached an approximately $237 million settlement with six oil service industry companies and global freight forwarding company Panalpina Inc., which are alleged to have bribed foreign officials... Read More

Law Firm To Pay $25 Million To Settle Nadel Ponzi Charges
Posted on 30 Aug 2012 by Michael J. Lello

TAMPA, Fla. - (Mealey's) A federal judge in Florida on Aug. 29 approved Holland & Knight LLP's agreement to pay $25 million to settle charges brought by the Securities and Exchange Commission that it helped hedge fund manager Arthur Nadel... Read More

Former BLMIS Controller Pleads Guilty To Role In Massive Ponzi Scheme
Posted on 22 Dec 2011 by Timothy Raub

NEW YORK - (Mealey's) The former controller of Bernard L. Madoff Investment Securities LLC (BLMIS) has pleaded guilty to criminal counts and agreed to cooperate with the U.S. government in its ongoing investigation into the fraud committed at BLMIS... Read More

U.S. Supreme Court Hears Oral Argument In Market Timing Case
Posted on 10 Jan 2013 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on Jan. 8 heard oral arguments in an appeal of a Second Circuit U.S. Court of Appeals ruling allowing the Securities and Exchange Commission to seek penalties against defendants for securities fraud... Read More

Former Galleon Chief Ordered To Pay SEC Record $92.8 Million Penalty
Posted on 9 Nov 2011 by Timothy Raub

NEW YORK - (Mealey's) A federal judge in New York on Nov. 8 ordered former Galleon Management Co. General Partner Raj Rajaratnam to pay a nearly $93 million civil penalty to the Securities and Exchange Commission for his role in a massive insider... Read More

E*TRADE Announces $79 Million Settlement Of Subprime Claims In Securities Lawsuit
Posted on 23 Dec 2011 by Timothy Raub

NEW YORK - (Mealey's) E*TRADE Financial Corp. has agreed to a $79 million settlement with investors to settle claims that it misrepresented the risk associated with its investment in subprime mortgage-backed securities in violation of federal securities... Read More

Williams Mullen Alert: For Whom the Whistle Blows: Analysis Of The American Apparel Shareholder Derivative Litigation From A Whistleblower Perspective
Posted on 13 Aug 2012 by Williams Mullen

By Mary Pivec and Igor M. Babichenko I. INTRODUCTION On July 31, 2012, the United States District Court for the Central District of California dismissed without prejudice a shareholder derivative suit against American Apparel and its individual directors... Read More