ABA Journal

Securities Law

1370 ABA Journal Securities Law articles.

Ex-SEC Chairs Back Investor Suit

Two former chairmen of the Securities and Exchange Commission want to file a late brief in a U.S. Supreme Court case seeking to hold third parties accountable for corporate accounting…

SEC Probes Whole Foods CEO’s Posts

Anonymous online posts by the chief executive of Whole Foods Markets have spurred an informal inquiry by the Securities and Exchange Commission, the Wall Street Journal

Legal Trouble for Black’s Wife

Since Conrad Black’s trial began on March 20, his wife has been a constant presence in the courtroom. Now ,as she copes with his conviction for mail fraud and obstruction…

Firm’s Refco Work Questioned

A bankruptcy examiner says Mayer, Brown, Rowe & Maw could face legal claims for drafting documents that helped a commodities trading firm move bad debts off the books.

Refco Inc.…

Judge Delays Private Buyouts

Two deals to sell public companies to private investors have hit a wall in the form of Delaware Judge Leo E. Strine Jr.

In two recent opinions, the chancery court…

Suit: CEO bashed rival on message board

A document made public yesterday in a government lawsuit reveals that the person posting frequent Internet messages about Whole Foods Market and a major retailing rival was none other than…

SEC Asserts Hedge-Fund Authority

The Securities and Exchange Commission has adopted a new anti-fraud rule that clarifies its ability to sue hedge-fund managers who mislead investors.

The new rule, which takes effect 30 days…

Judge Considers Backdating Motion

The trial of the ex-CEO of Brocade Communications is continuing as the judge overseeing the proceedings considers a defense motion to dismiss the charges.

Lawyers for Gregory Reyes contend the…

CEO Intent Critical in Options Case

Federal prosecutors will file briefs this morning backing up their assertion that the former CEO of Brocade Communications acted with criminal intent when he authorized backdated stock options.

U.S. District…

Stock-Options Defense Scores Points

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…

Hedge Fund Investors to Sue Bear Stearns?

Bad news for investors in two struggling Bear Stearns Cos. hedge funds is good news for a number of securities lawyers.

Their phones are ringing with calls from potential plaintiffs…

SEC Defends Actions

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…

Ex-Countrywide VPs Admit Wrongdoing

Three former vice presidents of Countrywide Financial Corp. have agreed to plead guilty to securities fraud, according to federal prosecutors in Los Angeles.

A statement says Alan Cao, Quan Zhu…

Former SEC Lawyer Defends Stock Charges

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 Jun 25, 2007 1:21 PM CDT

SEC Can’t Stop Universal Express

Floyd Norris of the New York Times sees a big difference between federal disclosures made by a penny stock company and the reality.

Universal Express leaves…

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