Browse By Tags

The SEC filed an insider trading action in which the tipper partially settled the action. While the complaint alleged that the tippee knew of the breach of duty and that the information was gifted to him by his romantic partner, he did not settle. SEC...

Todd Newman and Anthony Chiassons, remote tippees, three to four steps removed from the source of the inside information about pending earnings announcements for Dell, Inc. and NVIDIA, were convicted of insider trading. In reviewing their convictions...

A number of prominent Wall Street firms have reached interim agreements with New York Attorney General Eric T. Schneiderman to stop their practice of cooperating with analyst surveys administered by what Schneiderman characterized as “certain elite...

The Financial Fraud Law Blog Top 10 countdown is nearing conclusion. You already have seen our picks for #10 down through #5, which we summarize below. Stay tuned for the final four picks, coming right after the New Year! We wish all of the readers...

The fall of Matthew Kluger is now complete. An attorney who worked over the years at some of the nation’s most prominent law firms – Cravath, Swaine & Moore; Skadden, Arps, Slate, Meagher & Flom; Fried, Frank, Harris, Shriver &...

The Securities and Exchange Commission had a very good year targeting financial fraud. Those who commit fraud, not so much. In fiscal year 2013, the SEC’s enforcement actions resulted in a record $3.4 billion in monetary sanctions ordered against...

A federal jury in Manhattan has convicted Mathew Martoma of SAC Capital Advisors LP of insider trading in what prosecutors have characterized as one of the largest insider trading schemes in history. More to follow… Contact the author at...

When we here at the Financial Fraud Law Blog think about financial fraud law, it does not take long before we think about the U.S. Attorney for the Southern District of New York, Preet Bharara. In a little over four years as U.S. Attorney – following...

A certified public accountant who was involved in the auditing process at a publicly traded company based in Chicago has been indicted on federal fraud charges for allegedly engaging in insider trading of the company’s securities that made him an...

The wave of financial fraud prosecutors joining private law firms is continuing – in fact, it appears to be accelerating. Consider that, in just the past couple of days, David Meister, who ran the enforcement unit at the Commodity Futures...

Consider these recent financial fraud-related settlements: - SAC Capital Pleads Guilty to Insider Trading and Will Pay $1.8 Billion; - Johnson & Johnson to Pay More than $2.2 Billion to Resolve Criminal and Civil Investigations; - Rabobank...

The managing clerk of the New York office of Simpson Thacher & Bartlett LLP – a prominent, international law firm – and a professional stockbroker who worked at Oppenheimer & Co. and Morgan Stanley have been arrested and charged with...

BlackRock – the world’s largest asset manager – has reached an agreement with New York Attorney General Eric T. Schneiderman under which it will permanently discontinue the practice of systematically surveying Wall Street analysts for...

The U.S. Attorney for the Southern District of New York, Preet Bharara, knows about prosecuting financial fraud, and other federal crimes. So, when he warns that sequestration is severely harming the ability of his office to meet its mission, we all should...