ABA Journal

Securities Law

1377 ABA Journal Securities Law articles.

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…

Insider Trading by Pillow Talk?

Two former stock analysts were charged with insider trading yesterday in a second case that claims a professional couple traded confidential information.

Charged were Xujia “Jennifer” Wang of Morgan Stanley…

Day Trading Acquittal a Blow to Feds

A Brooklyn jury has acquitted seven people of securities fraud in a case that alleged stock brokers at three firms allowed day traders to listen to confidential trading information broadcast…

McAfee CFO Guilty in Accounting Case

A San Francisco jury has convicted the former chief financial officer of McAfee Inc. of securities fraud for inflating accounting figures.

The lawyer for Prabhat Goyal called the verdict an…

Lawyer Couple Pleads Guilty in Trading Case

Two lawyers who are husband and wife pleaded guilty today to conspiracy and securities fraud in an insider trading case.

Randi Collotta cried as she read a statement admitting her…

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