Litigation

Recent Posts

Securities Litigation This Week: U.S., UK Courts hand Down Sentences For Securities Fraud
Posted on 26 Aug 2011 by Thomas O. Gorman

The price of gold continues to spiral upward this week while the European banking crisis continued. As the crisis has unfolded European regulators took steps to preclude the short sale of shares in financial institutions. At the same time FINRA issued... 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: SEC, CFTC Chairmen Testify; 2 Sentenced To Long Prison Terms
Posted on 16 Feb 2013 by Thomas O. Gorman

SEC Chairman Elise Walter and CFTC Chairman Gary Gensler testified before a Senate Committee this week, focusing on the implementation of Dodd-Frank. The SEC also approved the budget for the PCAOB. Two former senior executive in the organization of... Read More

The Week In Securities Litigation: SEC Settles 'Suspicious Trading' Insider Trading Action
Posted on 19 Oct 2012 by Thomas O. Gorman

Significant events this week included the proposal by the SEC of additional swaps rules regarding security-based swap dealers and major participants. Enforcement settled a "suspicious trading" insider trading action with a Hong Kong based entity... Read More

Thomas O. Gorman On This Week in Securities Litigation
Posted on 23 Apr 2011 by Thomas O. Gorman

As the Galleon insider trading trial draws to a close and the Lindsey FCPA trial moved forward in the Central District of California, one of the few senior executives charged in a market crisis case was found guilty by a jury after a ten day trial. SEC... Read More

The Week In Securities Litigation: Focus On White Collar Criminal Securities Cases
Posted on 27 Oct 2012 by Thomas O. Gorman

The focus this week was on white collar criminal securities cases. First, Rajat Gjupta, the former Goldman Sachs director convicted of passing confidential information to former hedge fund mogul Raja Rajartnam was sentenced. Second, Mr. Rajartnam's... Read More

Securities Litigation This Week: Looming Scandal, SEC Actions, Criminal Cases
Posted on 19 Aug 2011 by Thomas O. Gorman

The SEC is about to become entangled in another scandal, according to reports in the New York Times this week. The latest involves the destruction of documents, according to press reports. The Supreme Court's ruling on what constitutes primary... Read More

The Week In Securities Litigation: SEC Actions, Diago Plc, FINRA Investor Warning
Posted on 29 Jul 2011 by Thomas O. Gorman

The SEC entered into an agreement with the Capital Turkey Securities Regulator this week calling for mutual cooperation in a number of areas including enforcement. The Commission also continued implementing Dodd-Frank, issuing additional rules concerning... Read More

The Week in Securities Litigation: SEC Prevails In 4 Court Actions
Posted on 4 May 2012 by Thomas O. Gorman

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... Read More

Thomas O. Gorman On This Week In Securities Litigation (May 27, 2011)
Posted on 28 May 2011 by Thomas O. Gorman

The Commission issued it controversial new Dodd-Frank whistleblower rules by a 3 to 2 vote this week. Many critics claim the rules will undermine corporate compliance programs. Insider trading is the key theme this week. Insider trading on Capitol... Read More