A defense lawyer for the ex-CEO of Brocade Communications got support for his contention that backdating stock options causes no harm to companies in testimony at the San Francisco trial…
Members of the Securities and Exchange Commission took mostly softball questions at an appearance yesterday before the House Financial Services Committee.
The SEC refuted criticism that the agency is favoring…
Three former vice presidents of Countrywide Financial Corp. have agreed to plead guilty to securities fraud, according to federal prosecutors in Los Angeles.
A former lawyer with the Securities and Exchange Commission says he will fight civil charges alleging he participated in an illegal “pump and dump” stock scheme.
A U.S. Supreme Court decision yesterday setting a high pleading standard for investor lawsuits comes as corporations are pressing for even more restrictions on securities litigation.
The defense of the ex-CEO of Brocade Communications suffered a setback yesterday, when a witness was allowed to testify about a statement acknowledging that stock options backdating is wrong.
A federal judge in San Francisco will hold a hearing today on whether to admit evidence showing the former CEO of Brocade Communications knew backdating stock options was illegal.
The lawyer for the ex-CEO of Brocade Communications told jurors yesterday that his client had no criminal intent when he routinely backdated stock options grants.
The U.S. Supreme Court has ruled that the antitrust laws do not apply to initial public offerings, since they are extensively regulated by federal securities laws.
A high-tech lawyer who is a former member of the board for Brocade Communications Systems could be called as a witness for both the prosecution and defense in the trial…
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