ABA Journal

Securities Law

1382 ABA Journal Securities Law articles.

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…

Internal Probe Protects KLA-Tencor

An outside lawyer’s aggressive internal investigation of stock-options backdating has helped a semiconductor equipment company avoid serious penalties.

KLA-Tencor agreed to a permanent injunction yesterday against violations of record-keeping laws…

SEC to Vote on Shareholder Influence

The Securities and Exchange Commission is expected to vote today on whether to give shareholders more influence in the election of corporate board members.

The SEC has permitted companies to…

Will U.S. Class Actions Invade Europe?

American lawyers and European politicians have discovered they have a common interest in opening the door to class action litigation.

Such mass tort suits require changes in the law, to…

N.Y. Lawyer Sentenced

A New York corporate lawyer has been sentenced to 33 months in prison for his role in an insider trading scheme.

Amir Rosenthal was sentenced in New York federal court…

Broker Wins $1.6 M in Merrill Arbitration

An NASD securities arbitration panel has awarded $1.6 million to a broker of Iranian descent, saying that Merrill Lynch & Co. first set him up to be fired and then…

Google’s Top Lawyer Settles With SEC

Google’s chief in-house legal officer has agreed to pay $700,000 to settle a Securities and Exchange Commission complaint that he failed to prevent misleading accounting statements when he worked at…

Japan Changing Corporate Rules

A two-year sentence for a Japanese fund manager who traded on inside information shows Japan’s growing resolve to police its markets.

Yoshiaki Murakami received a two-year prison sentence for buying…

Dow Jones Director Faces SEC Action

The Wall Street Journal is reporting that a member of the newspaper’s corporate board has been notified he will likely be sued by the Securities and Exchange Commission.

David Li,…

CIGNA Judge: High Fees Justified

A federal judge has approved $21.3 million in fees for plaintiffs’ attorneys who obtained a $93 million settlement in a suit against CIGNA Corp. for securities fraud.

U.S. District Judge…

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…

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