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Legal And Regulatory CalendarFriday, May 16, 2008Our daily calendar of events lists conferences and hearings scheduled to take place in the next four weeks. Plaintiffs Gearing Up For Big Battle Over Muni BondsFriday, May 16, 2008As JP Morgan Chase & Co. became the latest to reveal that it could face charges for price-fixing and bid-rigging in the municipal derivatives industry, thousands of municipalities across the country are gearing up for a battle against dozens of big-name banks that could examine whether cooperation among Wall Street firms can be deemed anti-competitive collusion. Ex-PurchasePro CEO Found Guilty Of Securities FraudFriday, May 16, 2008The former CEO of PurchasePro.com Inc. has been found guilty of securities fraud and obstruction of justice for his role in an alleged scheme to inflate revenues at the now-defunct Las Vegas Internet software company. Judge Denies New Trial To General Re, AIG ExecsFriday, May 16, 2008A judge has refused to grant a new trial to four former General Reinsurance executives and a former officer of American International Group who were found guilty earlier this year of manipulating financial statements. FINRA Fines 3 Firms $1.6M For Reporting OmissionsFriday, May 16, 2008The U.S. Financial Industry Regulatory Authority has fined three firms a total of $1.6 million for violations of FINRA’s Order Audit Trail System reporting and supervisory rules. Akerman Close To Merging With WolfBlock: ReportFriday, May 16, 2008Akerman Senterfitt is reportedly close to finalizing a merger with Philadelphia-based WolfBlock LLP, a move that would fall in line with the firm's aggressive growth in recent years outside its native Florida. Nacchio Fights U.S. Bid For Full 10th Circuit ReviewFriday, May 16, 2008Attorneys for the former chief executive of Qwest Communications International Inc. are fighting an attempt by the U.S. government to have a full panel of the U.S. Court of Appeals for the Tenth Circuit review a decision that overturned his insider trading conviction. SEC Eyes Computer-Coded Filing RequirementsThursday, May 15, 2008All public companies would have to report their financial data to the U.S. Securities and Exchange Commission using computer tags similar in function to a bar code under a rule proposed by the agency Wednesday. Judge OKs $18.3M Rambus Backdating SettlementThursday, May 15, 2008A judge has given final approval to a $18.3 million settlement that allows memory-chip maker Rambus Inc. to end a consolidated class action alleging that Rambus executives illegally backdated stock options. Judge Keeps Countrywide Suit AliveThursday, May 15, 2008In a victory for shareholders of Countrywide Financial Corp., a California judge has refused to dismiss a class action filed against the troubled lender's officers and directors. Judge Tosses Claims In Eight Suits In IPO LitigationThursday, May 15, 2008A recent decision in the five-year battle over class certification in the long-running initial public offering securities litigation granted in part and denied in part the defendants' motion to strike certain class allegations in 26 of the cases included in the consolidated suit. Willbros Enters $10.3M SEC Deal Over Bribery, FraudThursday, May 15, 2008Willbros Group Inc. will pay $10.3 million to settle the U.S. Securities and Exchange Commission's civil enforcement action concerning the oil-and-gas-services company's alleged $6 million Nigerian bribery scheme. SEC Charges Broadcom Execs In Backdating SchemeThursday, May 15, 2008Two former and two current Broadcom Corp. executives have been charged in connection with an alleged backdating scandal that last year forced the California chip maker to amend its financial statements by more than $2 billion. Nutraceutical Stock Promoter To Pay Over $2MThursday, May 15, 2008A federal court has ordered a stock promoter to pay more than $2 million for his role in a pump-and-dump scheme involving Nutraceutical Clinical Laboratories International Inc. stock, the U.S. Securities and Exchange Commission announced Wednesday. 2nd Circuit Weighs In On Class Action Fairness ActThursday, May 15, 2008The U.S. Court of Appeals for the Second Circuit buttressed federal courts' jurisdiction over securities suits brought under state laws, ruling Wednesday to reverse a lower court's decision that remanded a putative class action case to the state court. $40M Unum Class Action Settlement Gets Judge's OKThursday, May 15, 2008A federal judge has granted final approval to a $40 million settlement putting to rest a group of consolidated securities class actions brought on behalf of investors who purchased securities of insurance company Unum Group. Companies Get Off Cheap In Options Cases: StudyThursday, May 15, 2008Corporations facing shareholder litigation over alleged stock option backdating practices may find good news in a study that suggests settlements in backdating actions tend to be lower than those in other investor class actions, possibly because the merits of the backdating cases are weaker. Falling Dollar Makes U.S. Firms More CompetitiveWednesday, May 14, 2008As the value of the dollar declines, U.S. law firms have become much more price-competitive with European and Asian firms on international deal-making work, lawyers say. But U.S. firms also may be having a slightly harder time recruiting because some foreign lawyers don't want to be paid in dollars. Craigslist Swipes Back At EBay With Antitrust SuitWednesday, May 14, 2008The court battle between Craigslist Inc. and eBay Inc. heated up on Tuesday, when the online classifieds company launched a countersuit accusing eBay of unlawful competition and trademark infringement following the Internet auctioneer's purchase of a stake in Craigslist. Brocade CEO Acted Within Employment Scope: JudgeWednesday, May 14, 2008The former head of Brocade Communications Systems Inc. acted within the scope of his employment when he signed off on securities filings issued during a stock options backdating scandal, a federal judge has ruled. |
 Plaintiffs Gearing Up For Big Battle Over Muni BondsFriday, May 16, 2008Ex-PurchasePro CEO Found Guilty Of Securities FraudFriday, May 16, 2008Judge Denies New Trial To General Re, AIG ExecsFriday, May 16, 2008Nacchio Fights U.S. Bid For Full 10th Circuit ReviewFriday, May 16, 2008Judge OKs $18.3M Rambus Backdating SettlementThursday, May 15, 2008Willbros Enters $10.3M SEC Deal Over Bribery, FraudThursday, May 15, 2008SEC Charges Broadcom Execs In Backdating SchemeThursday, May 15, 2008Nutraceutical Stock Promoter To Pay Over $2MThursday, May 15, 2008 SEC Eyes Computer-Coded Filing RequirementsThursday, May 15, 2008Ex-Hedge Fund Manager Settles Insider Trading SuitTuesday, May 13, 2008JP Morgan Gets Wells Notice In Municipal Bond ProbeTuesday, May 13, 2008Fighting FINRA Pays Off: Sutherland StudyMonday, May 12, 2008GunnAllen Pays $750K To Settle FINRA ActionFriday, May 09, 2008Congress Examines Regulation Of Investment BanksWednesday, May 07, 2008N.Y. Regulatory Task Force To Probe Subprime PlayersMonday, May 05, 2008Bill Seeks An End To Enron LoopholeMonday, May 05, 2008 Akerman Close To Merging With WolfBlock: ReportFriday, May 16, 2008Bryan Cave Welcomes Partners In D.C., New YorkTuesday, May 13, 2008Kaye Scholer Scores U.S. AttorneyMonday, May 12, 2008Kilpatrick Snaps Up D.C. Financial Services FirmMonday, May 12, 2008Willkie Farr Welcomes Three Former SEC OfficialsMonday, May 12, 2008Baker Donelson Adds Securities ShareholderWednesday, May 07, 2008Client Demands Continue To Drive Law Firm MergersTuesday, May 06, 2008K&L Gates Adds Fried Frank Managing PartnerTuesday, May 06, 2008 |
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