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.).
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…
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…
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…
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…
The Securities and Exchange Commission has filed a civil suit accusing a Hong Kong couple of trading on inside information when they purchased $15 million in Dow Jones & Co.…
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