A federal judge has recommended a sentence of 15 to 21 months in prison for former Brocade Communications CEO Gregory Reyes, convicted of fraud for stock options backdating.
A year-and-a-half after Chitwood Harley Harnes settled claims against four former lawyers who set up a rival securities litigation shop at a new Atlanta office of Motley Rice, the Chitwood…
Two former executives of UnitedHealth Group Inc.—the CEO and general counsel—have agreed to give back stock options gains, unexercised options and retirement pay to resolve stock-options backdating claims by the…
A federal judge has refused to approve the $30 million settlement of a securities class action in a case brought by indicted law firm Milberg Weiss, saying attorney fees of…
Although tentative steps are being made toward creating U.S.-style plaintiffs litigation opportunities in Europe, including class actions and shareholder cases, there are still substantial barriers to pursuing such cases there.
The former general counsel of KLA-Tencor who sparred with the company’s then-CEO over stock options backdating has been named the new top lawyer for another Silicon Valley company.
Texas billionaire Sam Wyly is among the investors who have filed a suit against Milberg Weiss that claims the law firm quickly settled a shareholder lawsuit to make big attorney…
Securities class-action lawyer William Lerach, who has pleaded guilty to paying kickbacks to lead plaintiffs, could get as much as $50 million in attorney fees from a settlement in Enron-related…
A lawyer has been ordered to testify about his communications with clients regarding opinion letters he wrote facilitating the sale of shares in Defense Technology Systems Inc.
San Diego securities class-action firm Coughlin Stoia Geller Rudman & Robbins is seeking a record $700 million in fees for plaintiffs lawyers in litigation against professionals accused of aiding Enron…
A federal appeals court has upheld the conviction of a former Florida lawyer for conspiring to obstruct an investigation by the Securities and Exchange Commission.
After the subprime mortgage meltdown in the U.S. and a resulting worldwide credit crunch worsens, a traditional law firm taboo against suing banks has been relaxed as related litigation looms.
Several high-tech companies are reporting that the Securities and Exchange Commission won’t be taking any action against them for backdating stock options.
The SEC has closed its investigations of Electronic…
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