Litigation

Recent Posts

The Week In Securities Litigation: SEC Focuses On Insider Trading, PCAOB Settles Action, Ashland Rulings
Posted on 5 Aug 2011 by Thomas O. Gorman

The Commission took the unprecedented of dismissing the insider trading action against former Goldman Sach director Rajat Gupta, noting that he challenged the administrative proceeding in district court. The SEC reserved the right to file a federal court... Read More

The Week In Securities Litigation: Record Payments, Potentially Significant MOU
Posted on 2 Jun 2013 by Thomas O. Gorman

Record payments and a potentially significant MOU were the focus in securities enforcement litigation this week. French oil and gas giant Total paid the DOJ and the SEC $398 million to settle FCPA charges, the fourth largest sum paid in settlement of... 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

The Week In Securities Litigation: DOJ Files Significant Market Crisis Case Against Rating Agency
Posted on 9 Feb 2013 by Thomas O. Gorman

The Department of Justice filed one of the most significant market crisis cases this week against a major rating agency as a defendant. The case centers on years of false statements about ratings given to RMBS and CDOs, according to the complaint, as... 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