ABA Journal

Securities Law

1366 ABA Journal Securities Law articles.

An Outside Shot at Securities Fraud

It’s too late for Enron defendants, as plaintiffs pursue ‘scheme liability’

SEC Backs Third-Party Liability

The Securities and Exchange Commission will side with investors seeking to hold third-party bankers liable for helping boost the stock price of a failing company.

The SEC has asked the…

Ex-GC Tries ‘Career Suicide’ Defense

The former general counsel of Hollinger International, accused of helping direct noncompete payments to other companies owned by company executives, is claiming at trial that he was unfamiliar with securities…

Milberg Weiss Discusses Plea Deal

Four top partners from Milberg Weiss & Bershad met with federal prosecutors in Los Angeles on Wednesday to talk about settling charges that the firm paid kickbacks to lead class-action…

Ex-GC Accused of Backdating

The Securities and Exchange Commission has filed civil fraud charges claiming the former general counsel of a California-based software maker participated in stock-options backdating.

The SEC claims former general counsel…

Lerach to Leave His Calif. Firm

Securities class-action lawyer William S. Lerach has been telling clients that he will be leaving his San Diego law firm.

Lerach has sued high-profile companies such as AOL, Enron and…

Martha Stewart Living Settles Class Action

A federal judge has approved a $30 million settlement of a class action lawsuit brought by shareholders of Martha Stewart Living Omnimedia.

Martha Stewart will personally pay $5 million of…

Barclays Bank Settles Insider Trading Probe

Barclays Bank PLC has agreed to pay $10.9 million to settle allegations of insider trading.

The deal settles an investigation into trading based on information gleaned from bankruptcy creditor committees,…

SEC Approves First Backdating Deal

Brocade Communications Systems Inc. will pay $7 million to settle backdating allegations made by the Securities and Exchange Commission.

Bloomberg News quotes anonymous sources as saying SEC…

Milberg Partner in Plea Talks

A lawyer with securities class-action firm Milberg Weiss & Bershad is negotiating a plea deal with the government, the Wall Street Journal reports (sub. req.).

If…

Libel Suit OK’d for Financial Reports

A California appeals court is permitting Overstock.com’s libel suit against a financial analysis company to go forward.

Overstock.com had claimed Gradient Analytics conspired with a hedge fund to publish negative…

Pakistani Banker Accused of Insider Trading

An investment banker from Pakistan has been indicted in an insider trading scheme that allegedly earned him $7.5 million in illegal profits.

Ajaz Rahim of Faysal Bank Limited was indicted…

Brocade Switches Firms in Options Suit

Brocade Communications Systems has dropped Wilson Sonsini Goodrich & Rosati as its defense counsel in an options backdating suit, after a federal judge said the firm had an apparent conflict…

SEC Pressured to Support Third-Party Liability

The Securities and Exchange Commission is under pressure to support investors in a Supreme Court case that asks whether third-parties may be held directly liable for helping boost a failing…

Convicted Ex-Qwest CEO Seeks Legal Fees

The former CEO of Qwest Communications contends the company should continue to pay legal fees related to insider trading charges.

Joseph Nacchio, convicted of insider trading last month, claims the…

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