ABA Journal

Securities Law

1379 ABA Journal Securities Law articles.

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…

Milberg Weiss Loses Dismissal Motion

Are kickbacks to lead plaintiffs in securities class actions perfectly legal? Not according to a Los Angeles federal judge.

Judge John Walter refused to dismiss charges of illegal kickbacks yesterday…

Bank-Buying Strategy Backfires

A former Wall Street analyst who happened upon a strategy to make money from banks’ initial public offerings has been sentenced to two years in prison for using other people…

It Pays to be Wary, as Bribe Cases Rise

Depending on where you are in the world, it might be thought of as payola. Or baksheesh. Or a backhander, among other terms. But for American companies, a bribe by…

Milberg Sued Over Kickback Claims

Milberg Weiss Bershad & Schulman is facing a lawsuit over allegations it paid kickbacks to plaintiffs to help it secure lead counsel status in securities class actions.

The suit was…

Taser Talks Tough, Settles Quietly

Taser International Inc. talks a tough game concerning its litigation strategy in cases brought over its controversial stun guns.

“The word has gotten out: Taser doesn’t settle,” said the company’s…

Backdating Class Action Tossed

A federal judge has dismissed a securities class action against Mercury Interactive, but legal troubles are not over for the company and some of its former executives.

Judge Jeremy Fogel…

Anonymous Poster Is CEO’s Wife

Whole Foods CEO John Mackey isn’t the only corporate insider using a screen name to post anonymously on a message board.

In the case of Silicon Valley company Rambus Inc.,…

Congressmen Support Shareholders

Two Democratic congressmen have asked the U.S. Supreme Court for permission to weigh in on the side of plaintiffs seeking to hold third parties liable for corporate wrongdoing.

House Financial…

Refco Owner Sues Mayer Brown

A suit filed yesterday by a private equity firm contends Chicago-based Mayer Brown Rowe & Maw helped commodities broker Refco cover up sham loan transactions.

The suit seeks $245 million…

More Backdating Charges

The government has announced charges against three more executives as its pursuit of options backdating offenses intensifies.

ABAJournal.com noted one of the cases against the ex-CEO of KLA-Tencor…

Competing Shareholder Plans Advance

The Securities and Exchange Commission has voted to seek public comment on two competing proposals dealing with shareholder influence on corporate boards.

At issue is whether shareholders may change corporate…

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