ABA Journal

Securities Law

1370 ABA Journal Securities Law articles.

Court, Business Back Securities-Suit Limits

A U.S. Supreme Court decision yesterday setting a high pleading standard for investor lawsuits comes as corporations are pressing for even more restrictions on securities litigation.

The…

Backdating Defense Takes a Blow

The defense of the ex-CEO of Brocade Communications suffered a setback yesterday, when a witness was allowed to testify about a statement acknowledging that stock options backdating is wrong.

June…

SEC Sees ‘Outrageous’  Insider Trading

Professionals know insider trading is illegal, so one might think that they’re less likely to do it.

However, a surprising number of enforcement cases are being pursued right now that…

Brocade Lawyer Protests Surprise Statement

A federal judge in San Francisco will hold a hearing today on whether to admit evidence showing the former CEO of Brocade Communications knew backdating stock options was illegal.

The…

Intent at Issue in Backdating Trial

The lawyer for the ex-CEO of Brocade Communications told jurors yesterday that his client had no criminal intent when he routinely backdated stock options grants.

About 150 people attended the…

SG View Fails in Antitrust Case

The position advanced by the U.S. Solicitor General failed when the U.S. Supreme Court issued a decision yesterday favoring Wall Street in an…

Antitrust Ruling Favors Wall Street

The U.S. Supreme Court has ruled that the antitrust laws do not apply to initial public offerings, since they are extensively regulated by federal securities laws.

The 7-1 ruling was…

Lawyer on Witness List in Backdating Trial

A high-tech lawyer who is a former member of the board for Brocade Communications Systems could be called as a witness for both the prosecution and defense in the trial…

Court to Consider Nasdaq Liability

An en banc appeals court will hear an appeal this week that seeks damages against Nasdaq for touting WorldCom stock in advertising.

The full 11th U.S. Circuit Court of Appeals…

Judge Refuses to Remove Milberg Weiss

A federal judge in New York has denied a motion to removed indicted law firm Milberg Weiss & Bershad from a pending securities class action.

Judge Shira Scheindlin said the…

SEC Sues Lawyers for Aiding Alleged Scheme

A civil lawsuit filed yesterday against two lawyers yesterday by the Securities and Exchange Commission may be a legal first.

The suit is apparently the first time the agency has…

Lawyer Settles Insider Trading Case

The former managing partner of Katten Muchin Rosenman’s office in Washington, D.C., has settled a case alleging he bought stock based on confidential client information.

David Schwinger agreed to return…

AIG Sues Ex-Execs

American International Group has taken over a shareholder lawsuit against two former top executives.

The insurer claims former chief executive Maurice Greenberg and former chief financial officer Howard Smith manipulated…

Glaxo Faces Suits Over Diabetes Drug

Investors in GlaxoSmithKline have filed a lawsuit in New York federal court that claims the drug company misled them about the safety of a diabetes drug.

The suit says company…

SG Gets Bush Views in Securities Case

U.S. Solicitor General Paul Clement solicited President Bush’s views before declining to file an amicus brief in a Supreme Court case brought by investors seeking to hold third parties liable…

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