ABA Journal

Securities Law

1377 ABA Journal Securities Law articles.

EU Tiptoes Toward Mass Torts

Class actions as we know them in the U.S. are virtually unheard of in Europe, and corporations located in the EU would like to keep it that way. Hence, a…

Justices Take Dim View of Expanded Liability in Investor Suits

Lawyers and other professionals apparently have little to fear about being targeted for aiding corporate fraud, based on oral arguments before the U.S. Supreme Court today.

SCOTUSblog reports…

Investor Case Produced Big PR Battle

The U.S. Supreme Court hears arguments today in a case that will determine whether investors can sue company advisers—including lawyers—for aiding fraud.

The Wall Street Journal

Colorful Comparisons Show Fraud Case’s Implications

Law professors are drawing on colorful comparisons to stress the importance of a lawsuit that seeks to hold third parties accountable for corporate wrongdoing.

In Stoneridge Investment Partners v. Scientific-Atlanta…

Judge Goes Easy on Insider-Trading Lawyer Couple

A lawyer couple who pleaded guilty to insider trading will not have to spend any time in prison.

U.S. District Judge Victor Marrero of New York noted that defendant Christopher…

GC Charges a Case of SEC Sour Grapes?

A former official with the Securities and Exchange Commission thinks his former employer is taking out its frustration over a failed reporting rule on general counsel.

A record 10 general…

A High-Tech GC Revolving Door

Donald Rosenberg appears to have a habit of replacing high-tech general counsel who leave their posts under a cloud. He is leaving his job at Apple Inc. and being replaced…

Business Cases Back Before Friendly Court

High-profile business cases are back before the U.S. Supreme Court after a term in which the justices handed big wins to corporate defendants in antitrust, patent and securities law cases.

Missing E-Mail Costs Brokerage $12.5 M

After the 9/11 terrorist attacks, Morgan Stanley said it couldn’t produce a number of e-mails in arbitration cases because they had been destroyed along with the company’s New York City…

Cadwalader Sued for Mortgage Transaction

Cadwalader, Wickersham & Taft is facing a $70 million malpractice suit for helping a client package mortgages for sale to investors.

The suit is not tied to the current mortgage…

Sprint’s 30-Day Settlement Total Nears $150 M

With a $57.5 million Kansas class action settlement just announced by Sprint-Nextel Corp., the company’s settlement agreements in three cases during the past month now total nearly $150 million.

If…

Lawyer May Sue Nasdaq for $600 K Loss

A Miami-area lawyer who lost a $600,000 investment in WorldCom stock may pursue his suit against Nasdaq Stock Market Inc. because of an en banc ruling of a federal appeals…

Roberts ‘Unrecuses’ in Stoneridge Case

Chief Justice John G. Roberts Jr. has apparently sold his stock in Cisco Systems Inc., the parent company of a litigant in a case that could increase liability for law…

Apple CEO, Law Firm May Play Role in GC Case

A well-known law firm and the CEO of Apple Inc. may provide evidence in the civil fraud case against the company’s former general counsel, Nancy Heinen.

CEO Steve Jobs has…

Indicted Milberg Founder Vows to Fight

Updated: Indicted today after years of investigation, the 72-year-old co-founder of what was once unquestionably the nation’s most prominent plaintiffs securities firm is vowing to fight the federal case that…

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