ABA Journal

Securities Law

1375 ABA Journal Securities Law articles.

More Spouses Accused of Insider Trading

The Securities and Exchange Commission has seen an uptick in insider trading cases involving spouses.

The agency has filed seven cases this year against married couples, compared to just one…

New Backdating Allegations

Lawsuits filed by shareholders of Citrix Systems in a Florida federal court contend the software company granted backdated stock options that gave windfalls to company executives.

The company has notified…

Mortgage Mess Spurs Suits

Attorneys likely won’t have any trouble finding defendants to sue over the meltdown in the mortgage markets.

Suits have already been filed by investors in bankrupt mortgage companies and mortgage-backed…

SEC Sues Sentinel

The Securities and Exchange Commission filed civil fraud charges yesterday against Sentinel Management Group, alleging the short-term investment management company misled clients about the reasons it was freezing a $1.5…

Ex-CFO’s SEC Deal Fails

Internal infighting at the Securities and Exchange Commission has scuttled a proposed settlement in an options backdating case against former Brocade Communications CFO Michael Byrd.

The SEC’s accounting division objected…

Recusal Watch in Investor Case

Court watchers are waiting to see which U.S. Supreme Court justices participate in a pending case that could determine whether lawyers and other third parties can be…

SG Files Brief in Investor Case

The U.S. solicitor general has filed an amicus brief opposing expanded liability in a case that could determine the extent of exposure for lawyers and other professionals who help companies…

Akin Gump faces $4 Billion Suit

Akin Gump Strauss Hauer & Feld is facing a $4.4 billion lawsuit filed by two former hedge fund managers who claim the law firm provided bad legal advice that cost…

SEC Prepares Civil Charges Against Ex-GC

The Securities and Exchange Commission is expected to file civil charges against a Silicon Valley lawyer for alleged schemes to backdate stock options at two companies.

Lisa Berry is expected…

Lawyer Seeks Arbitration Overhaul

A retired lawyer who took his dispute with his broker to arbitration has learned that potential arbitrator conflicts are not always revealed.

Harley C. McDonald, a former general counsel for…

Millionaire Gets Extradition Delay

A U.S. millionaire wanted in connection with an alleged stock option backdating scheme has secured another delay in his extradition hearing in Namibia.

Jacob “Kobi” Alexander, founder of Comverse Technology…

Refco Suits Depend on Pending Case

A lawsuit accusing Mayer, Brown, Rowe & Maw of aiding the collapse of commodities brokerage firm Refco could turn on a pending U.S. Supreme Court case.

The Aug 10, 2007 3:16 PM CDT

New Suit Targets Refco Purchaser

The legal fight over responsibility for the failure of commodities broker Refco has taken another turn, as a plaintiff now becomes a defendant.

A lawsuit by a Refco trustee contends…

A Bitter Japanese Poison Pill

Japan’s Supreme Court has affirmed a company’s right to mount a poison-pill defense to a corporate takeover.

The court ruled for Bull-Dog Sauce Co. in a suit by a hedge…

CEO Convicted in 1st Backdating Case

Updated: In a result seen as a major victory for federal prosecutors, a jury in San Francisco today convicted the former CEO of Brocade Communications Systems Inc. of securities fraud…

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