News
Securities
The people have spoken, and the final results of the SLW poll question we first posted here are now available. In response to the question, In hindsight, have the benefits of the PSLRA outweighed the costs?, the 145 votes cast...
According to the August 8 Legal Times, the settlements to date in the Enron securities class action will, if approved, pay the plaintiffs' law firms nearly $700 million in legal fees. And we're still just getting started. As noted in...
The National Law Journal has this interesting article following up on some of the data and analysis we have been presenting at SLW about the recent surge in securities class action trials. The article notes that:But this year, an unusual...
Yes, the formula still works, but here's a twist no one saw coming: According to this story from the AP, Sonja Anticevic, the Croatian woman whose account the SEC froze because of suspicious options trading in advance of the Adidas-Reebok...
Back in October 2003 I posted a handy 5-point formula for anyone looking to get some real quick action out of the SEC's Division of Enforcement. Based on this announcement today from the SEC about an emergency federal court action...
Betty Vinson, a former WorldCom mid-level accounting manager who pleaded guilty in October 2002 to participating in the financial fraud at the company, was sentenced today to five months in prison and five months of house arrest. Although her sentence...
Following CIBC's $2.4 billion settlement in the Enron case (discussed here), Bill Lerach continues to turn up the heat on the remaining defendants in the case (reported to include Barclays PLC, Credit Suisse First Boston, Merrill Lynch Co., Toronto Dominion...
Following CIBC's $2.4 billion settlement in the Enron case (discussed here), Bill Lerach continues to turn up the heat on the remaining defendants in the case (reported to include Barclays PLC, Credit Suisse First Boston, Merrill Lynch Co., Toronto Dominion...
This securities litigation blogging stuff is getting to be competitive. Two items that I was going to post about this morning have already been highlighted by the blogosphere, so I'll just flag them here and point you in the right...
In case you haven't heard, Christopher Cox was confirmed late last week as the next Chairman of the SEC. We assume that this news did not go over well at all over at the Foundation for Taxpayer and Consumer Rights,...
