ABA Journal

Securities Law

1364 ABA Journal Securities Law articles.

Stock Tip: Check Status of Exchange

Publicly traded Nasdaq may be liable for fraud, appeals court says

Enron Case Tests Bank Liability

The U.S. Supreme Court is being asked to expand aiding and abetting liability for banks.

Ben Stein argues in a New York Times column that the…

Seven-Year Contempt Confinement Ends

After spending seven years in jail for contempt of court, investment adviser Martin Armstrong is free to begin serving a five-year sentence for conspiracy to commit securities, mail and wire…

Penalty for Foreign Bribe is Largest

An oil company has agreed to pay $44 million in combined fines and penalties for bribing foreign officials, the largest penalty to date, the Justice Department has announced.

Baker Hughes…

The Case of the Disappearing CEO

The federal government hasn’t collected a $22.3 million judgment against the former CEO of Gemstar-TV Guide International Inc.—and doesn’t know where he is, according to a Apr 25, 2007 3:12 PM CDT

Surprise Statement, Gutsy Defense in Apple Case

The Wall Street Journal (sub. req.) reports that a public statement by Apple’s former CFO could complicate matters for Apple CEO Steve Jobs.

Fred Anderson says…

SEC Sues Past Apple GC; Was She Singled Out?

As previously predicted, the U.S. Securities and Exchange Commission sued former Apple Inc. general counsel Nancy Heinen today, claiming that she participated in a scheme to backdate stock options grants…

Ignoring Wife Costs Husband of Amgen VP

Prosecutors say a vice president at drugmaker Amgen Inc. told her husband about favorable results from a clinical trial of a cancer drug, but warned him not to trade on…

Apple’s Ex-GC to Use E-Mail in Defense

The attorney for Apple Inc.’s former general counsel told the Wall Street Journal (sub. req.) her client will use e-mails to show she did not backdate…

Scrushy Makes Deal with SEC, But Can He Pay?

The former CEO of HealthSouth will pay $81 million to resolve a lawsuit filed by the Securities and Exchange Commission.

Richard M. Scrushy will forfeit $77.5 million and pay a…

SEC Options Backdating Suit for Ex-Apple GC?

A former general counsel for Apple Inc. may be sued by the Securities and Exchange Commission for her role in allegedly backdating two stock options grants to company executives, according…

Lawyer Testifies About Advice in Media Execs’ Trial

A lawyer from Cravath, Swain and Moore testified yesterday that he warned that payments to media executives at Hollinger International needed to be disclosed to the Securities and Exchange Commission.

Nonparty Spoliation Alleged in Oracle Case

A discovery dispute in a securities fraud suit filed against Oracle Corp. raises the issue: Did the software company have an obligation to warn nonparties to preserve evidence?

British author…

Motorola Agrees to $190 Million Settlement

Motorola Inc. has agreed to a $190 million settlement in a class action lawsuit filed by shareholders.

The suit had claimed the communications company failed to disclose $2.7 billion in…

SEC Study: Don’t Litigate, Arbitrate Stock Cases

The Securities and Exchange Commission is studying a sure-to-be controversial plan to encourage – or even require – parties in securities litigation to arbitrate rather than litigate their cases, potentially…

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