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William Carleton, Counselor @ Law

Covers legal and investment issues facing emerging tech companies.

http://www.wac6.com/wac6/

May 19
Short videos from Maker Faire 2013

Short videos from Maker Faire 2013

I put about a dozen #makerfaire videos into a YouTube playlist.
May 18
Maker Faire 2013 - Saturday

Maker Faire 2013 - Saturday

Pictures from the Saturday of the Faire.
May 17
Speed and distance

Speed and distance

During the flight down from Seattle to San Francisco this morning, I watched a commercial jet flying north, the opposite direction. It was moving fast, much faster than I'm used to seeing planes fly when watching from the ground. Hard...

Rank this Week: 41

Jim Hamilton's World of Securities…

Jim Hamilton's World of Securities Regulation

Commentaries on security regulation.

http://jimhamiltonblog.blogspot.com/

May 19
UK FRC Proposes Guidance on Financial Instruments for Outside Auditors of Company Financial Statement

UK FRC Proposes Guidance on Financial Instruments for Outside Auditors of Company Financial Statement

In light of the financial crisis and changes to international auditing and accounting standards, the UK Financial Reporting Council proposed revisions to its guidance for outside auditors of company financial statements on financial…
May 18
House Passes SEC Regulatory Accountability Act

House Passes SEC Regulatory Accountability Act

By a vote of 235 to 161 the House of Representatives passed the SEC Regulatory Accountability Act, H.R. 1062. Seventeen Democrats voted to pass the bill. Rep. Scott Garrett (R-NJ), Chairman of the Financial Services Subcommittee on Capital…
May 15
House Panel Approves Legislation Directing FSOC Study on Derivatives Credit Valuation Adjustment

House Panel Approves Legislation Directing FSOC Study on Derivatives Credit Valuation Adjustment

The House Financial Services Committee approved legislation requiring the Financial Stability Oversight Council (FSOC) to conduct a study and report to Congress on the likely effects that differences between the U.S. and other…

Rank this Week: 61

Securities Litigation and…

Securities Litigation and Regulatory Enforcement Blog

Covers SEC investigations, insider trading, derivative actions, white collar defense, and whistleblowers. By Orrick, Herrington & Sutcliffe LLP.

http://blogs.orrick.com/securities-litigation/

May 16
What’s the Right Way to Respond to a Shareholder Books and Records Request?

What’s the Right Way to Respond to a Shareholder Books and Records Request?

Delaware law gives shareholders the right to request corporate books and records in order to investigate issues that are of interest to them. For several decades now, Delaware courts have encouraged shareholders to take advantage of this…
May 15
A Look Ahead at SEC Enforcement Actions – with Orrick’s Jim Meyer

A Look Ahead at SEC Enforcement Actions – with Orrick’s Jim Meyer

Orrick partner Jim Meyers provides his perspective to JD Supra in the May 14, 2013 article, “A Look Ahead at SEC Enforcement Actions – with Orrick’s Jim Meyers.” Jim comments on trends in Securities and Exchange…
May 14
Where There’s Smoke, There’s FIRREA

Where There’s Smoke, There’s FIRREA

Few can ignite a legal firestorm like U.S. District Judge Jed Rakoff of the Southern District of New York. Last week, in a mortgage fraud suit against Bank of America and Countrywide, Judge Rakoff refused to dismiss a novel claim for civil…

Rank this Week: 65

The Race to the Bottom

A faculty-student collaboration on corporate governance. By Professor J. Robert Brown, Jr.

http://www.theracetothebottom.org/home/

May 18
Concession Theory and Listeners’ Right

Concession Theory and Listeners’ Right

Two weeks ago I posted the abstract from the most recent draft of my latest paper, Rehabilitating Concession Theory, ___ OKLA. L. REV. ___ (forthcoming). Last week I highlighted one of the key arguments I make in the paper, which is a…
May 17
Public Benefit Corporations in Colorado: Transparency: The PBC’s Reporting Requirement

Public Benefit Corporations in Colorado: Transparency: The PBC’s Reporting Requirement

Colorado has adopted, effective April 1, 2014, the public benefit corporation act of Colorado (the “PBCA”) that is similar to legislation being considered in Delaware, but completely different from the model benefit corporation…
May 17
Public Benefit Corporations in Colorado: The Heart of a PBC – The Directors’ Standard of Conduct

Public Benefit Corporations in Colorado: The Heart of a PBC – The Directors’ Standard of Conduct

Colorado has adopted, effective April 1, 2014, the public benefit corporation act of Colorado (the “PBCA”) that is similar to legislation being considered in Delaware, but completely different from the model benefit corporation…

Rank this Week: 95

Ponzitracker

Covers Ponzi schemes. By Jordan Maglich.

http://www.ponzitracker.com/

May 18
Death Sentence for Chinese Woman Convicted of $70 Million Ponzi Scheme

Death Sentence for Chinese Woman Convicted of $70 Million Ponzi Scheme

A Chinese woman who masterminded a $70 million Ponzi scheme has been sentenced to death by a Chinese court - possibly by firing squad. Lin Haiyan, 39, from the Wenzhou province, received the sentence as part of a broader push by Chinese…
May 13
California Man Guilty in $250 Million Ponzi Scheme

California Man Guilty in $250 Million Ponzi Scheme

A federal jury has returned a guilty verdict against a California man for masterminding a massive Ponzi scheme that bilked investors out of over $250 million. James Stanley Koenig, 60, was found guilty of all but one of the three…
May 12
Petters Wants 50-Year Sentence Overturned

Petters Wants 50-Year Sentence Overturned

The man responsible for the third-largest Ponzi scheme in history has filed papers seeking to have his fifty-year sentence overturned, claiming that his former attorney failed to disclose that prosecutors had previously offered a 30-year…

Rank this Week: 118

The D & O Diary

News and commentary on Directors and Officers Liability. By Kevin M. LaCroix.

http://www.dandodiary.com/

May 17
The Travel Issue: Madrid Edition

The Travel Issue: Madrid Edition

The D&O Diary’s European sojourn concluded with a brief stop earlier this week for business meetings in Madrid. I had never been to Madrid before. Like many Americans, I have a deep attachment to Paris, a city I have visited many…
May 14
Motion to Dismiss Granted in Barclays Libor-Scandal Securities Suit

Motion to Dismiss Granted in Barclays Libor-Scandal Securities Suit

In a May 13, 2013 order (here), Southern District of New York Judge Shira Scheindlin granted defendants’ motion to dismiss the Libor-scandal related securities suit that had been filed against Barclays and two of its former executives…
May 12
The Travel issue: Barcelona Edition

The Travel issue: Barcelona Edition

The D&O Diary is on assignment in Europe this week. The first stop was in Barcelona, where I was a speaker at an annual industry event hosted by my good friends at HCC Global. The education session was a success. As for Barcelona itself…

Rank this Week: 282

Business Law Post

Covers corporate law, securities law, intellectual property, and social entrepreneurship. By Arina Shulga.

http://www.businesslawpost.blogspot.com/

May 18
Crowdfunding Update

Crowdfunding Update

We are still patiently waiting for the SEC to develop rules implementing the crowdfunding provisions of the JOBS Act. While we are waiting, the industry prepares for the crowdfunding transactions. Recently, two interesting articles about…
May 12
Who Owns #Hashtags?

Who Owns #Hashtags?

Proliferation of social media continues to stretch the boundaries of the law and its definitions. It prompts us to apply the proven legal concepts to new technological and social phenomena with no clear and well-defined answers.A good…
Apr 23
What is Regulation FD and Does it Prohibit the Use of Social Media?

What is Regulation FD and Does it Prohibit the Use of Social Media?

Regulation Fair Disclosure (known as “Regulation FD”) was enacted in 2000 by the Securities and Exchange Commission (the “SEC”) to prohibit selective disclosure of material non-public information by the public…

Rank this Week: 414

California Corporate & Securities…

California Corporate & Securities Law

Covers California securities law, corporate governance, mergers & acquisitions and securities litigation. By Keith Paul Bishop.

http://www.calcorporatelaw.com/

May 17
If You’re Relying On The Signature Of Two Officers, You May Want To Think Again

If You’re Relying On The Signature Of Two Officers, You May Want To Think Again

It is widely assumed that if a contract, note or other instrument is signed by a corporation’s president and its secretary, it will not be invalidated as to the corporation by any lack of authority of the signing officers. …
May 16
Court Explicates Scope of Usury Exemption For Real Estate Broker

Court Explicates Scope of Usury Exemption For Real Estate Broker

Artistotle didn’t think much of the idea of paying interest: εὐλογώτατα μισεῖται ἡ…
May 15
Supreme Court To Decide If It Will Decide Whether Section 16 Plaintiff Has Constitutional Standing

Supreme Court To Decide If It Will Decide Whether Section 16 Plaintiff Has Constitutional Standing

No Harm, No Foul The late Lakers broadcaster Chick Hearn was known for coining or popularizing numerous basketball expressions, including “air ball” and ”no harm, no foul”. Now, the U.S. Supreme…

Rank this Week: 362

Securities Law Practice Center

Covers news, analysis and resources in the securities field. By the Practicing Law Institute (PLI).

http://seclawcenter.pli.edu

Apr 5
Tweet This! SEC Addresses Application of Regulation FD to Social Media

Tweet This! SEC Addresses Application of Regulation FD to Social Media

On April 2nd, the SEC issued a report of investigation that makes clear public companies may use social media such as Twitter and Facebook to announce information in compliance with Regulation FD as long as the companies made investors aware…
Apr 3
Simpson Thacher: March Securities Law Alert

Simpson Thacher: March Securities Law Alert

We are pleased to share the most recent edition of the Simpson Thacher Securities Law Alert, edited by litigation Partners Jonathan Youngwood, Peter Kazanoff, and Paul Gluckow. The following is a summary of the March 2013 edition of the…
Apr 1
Delaware Court of Chancery Enjoins Board from Resisting Insurgent Director Slate

Delaware Court of Chancery Enjoins Board from Resisting Insurgent Director Slate

In Kallick v. SandRidge Energy, Inc. the Delaware Court of Chancery preliminarily enjoined the board of SandRidge Energy, Inc. from impeding a consent solicitation by one of the Company’s largest stockholders to replace the incumbent…

Rank this Week: 389

Perry Krumsiek & Jack Law Blog

Covers business, health care, intellectual property and media law.

http://pkjlawblog.wordpress.com/

Feb 2
Here’s One Government Program Worth HARPing On

Here’s One Government Program Worth HARPing On

If you are one of the hundreds of thousands of Americans permanently traumatized by the government’s highly lauded, but horribly executed, loan modification program, take heart. I’m here to tell you that there’s another government…
Oct 27
The Lincoln Lawyer

The Lincoln Lawyer

Before Abraham Lincoln became our greatest president, he was a great corporate lawyer. And before he was a corporate lawyer, he was a brilliant trial lawyer. In the 1840s, Lincoln represented a Revolutionary War widow who had been bilked…
Oct 22
Cornell Scores in Forum Case

Cornell Scores in Forum Case

PKJ’s Timothy Cornell scored a significant victory Friday, when U.S. District Judge Richard G. Stearns dismissed a multimillion case against an Internet company, finding that the plaintiff was bound by his contract’s forum selection…

Rank this Week: 367

Business Blog

Covers business law, labor & employment, real estate and securities and finance topics. By Scarinci Hollenbeck.

http://www.businesslawnews.com/

May 17
“Gentlemen’s Club” Loses NYC Wage Lawsuit

“Gentlemen’s Club” Loses NYC Wage Lawsuit

As a New York City “gentlemen’s club” can attest, wage lawsuits can be costly for employers. The Penthouse Executive Club recently agreed to pay its dancers a total of $8 million to resolve allegations that it failed to pay…
May 16
U.S. Supreme Court Has the Back of Businesses Large & Small: Study Shows Court Leans Pro-Busine

U.S. Supreme Court Has the Back of Businesses Large & Small: Study Shows Court Leans Pro-Busine

It is always good to have powerful friends, and a new study shows that the business community has a powerful ally in the U.S. Supreme Court. Evidence shows the current Court strongly favors business interests, according to a new…
May 15
Legislation Seeks to Restrict “Patent Trolls”

Legislation Seeks to Restrict “Patent Trolls”

“Patent trolls,” more neutrally referred to as non-practicing entities (NPEs), are coming under intense scrutiny as courts and lawmakers look to curb abuse of patent infringement litigation. NPEs do not directly use the patents…

Rank this Week: 545

Stock Broker Fraud Blog

Covers broker fraud, investor fraud, marketing timing, and securities fraud. By Shepherd Smith & Edwards.

http://www.stockbrokerfraudblog.com/

May 14
Two Men Sentenced in Texas Securities Case Involving $30 Million Promissory Note Fraud that Bilked Investors Via Ponzi Scam

Two Men Sentenced in Texas Securities Case Involving $30 Million Promissory Note Fraud that Bilked Investors Via Ponzi Scam

In Harris County state District Court, two men have received prison terms of a decade each for running a Texas Ponzi scam that involved life insurance policy death benefits. Gregory F. Jablonski and Howard Glen Judah are accused of…
May 11
Wells Fargo Settles Securities Lawsuit Over Medical Capital Holdings Ponzi Scam for $105M

Wells Fargo Settles Securities Lawsuit Over Medical Capital Holdings Ponzi Scam for $105M

Wells Fargo & Co. (WFC) has consented to pay $105M to investors of the now failed Medical Capital Holdings Inc. The bank had served as trustee for Medical Capital securities. The medical receivables financing company got about $2.2…
May 10
$500M MBS Settlement Reached Between Countrywide and Investor

$500M MBS Settlement Reached Between Countrywide and Investor

Class action securities plaintiffs, led by the Iowa Public Employees' Retirement System, have settled their mortgage-backed securities lawsuit against Countrywide for $500 million. This is the largest federal class action MBS securities case…

Rank this Week: 519

The Law Planet Blog

Discusses investment, labor, and employment law, as well as securities arbitration, stockbroker issues, and legal technology. By LaBovick Law Group.

http://www.thelawplanetblog.com/

May 17
What Are Back Benefits For Social Security Disability (SSD) and Supplemental Security Income (SSI)?

What Are Back Benefits For Social Security Disability (SSD) and Supplemental Security Income (SSI)?

Back benefits can be one of the more confusing aspects of Social Security disability for claimants. Although back benefits are confusing, they are also extremely important to the claimant because these benefits can reach to the tens of…
May 17
The Legal Limit for Blood Alcohol Content (BAC) Levels May be Reduced

The Legal Limit for Blood Alcohol Content (BAC) Levels May be Reduced

On May 14, the National Transportation Safety Board (NTSB) recommended that the legal limit for drinking and driving be lowered from .08% blood alcohol content to .05%. Every state in the union has laws on the books that a person is legally…
May 16
Establishing Guardianship with Your Estate Planning Attorney

Establishing Guardianship with Your Estate Planning Attorney

I have recently noticed a trend among younger individuals – it’s just not the elderly that are beginning to think about protecting their assets. Whether the reason is education, economy or the overall increased high net worth in…

Rank this Week: 783

Securities Law Blog

Features news, commentary and thoughts on the law of the securities markets. By Mark Astarita.

http://seclaw.blogspot.com/

May 17
FL Court Rules Statute of Limitations Apply in Arbitration

FL Court Rules Statute of Limitations Apply in Arbitration

We finally have a ruling on the questionable argument that is often advanced that the statute of limitations does not apply in arbitration. The argument is premised on a contorted interpretation of a Florida statute and requires one to…
May 14
SEC, FINRA Issue Investor Alert On Pension or Settlement Income Stream

SEC, FINRA Issue Investor Alert On Pension or Settlement Income Stream

The SEC and FINRA issued an investor alert entitled Pension or Settlement Income Streams – What You Need to Know Before Buying or Selling Them. The investor alert informs investors about the risks involved when selling their rights to…
Apr 23
FINRA Wants Your Facebook Account

FINRA Wants Your Facebook Account

You read that right, just as the SEC is embracing social media, FINRA wants access to brokers' Facebook accounts.We all know that an employer's demand for access to an employees Facebook account is illegal in many states, and probably illegal…

Rank this Week: 737

The White Law Group's Securities…

The White Law Group's Securities Fraud Blog

Covers securities fraud cases, investment fraud practices and securities industry regulations.

http://www.whitesecuritieslaw.com/securities-fraud/blog/

May 16
FINRA recently announced that Adrienne…

FINRA recently announced that Adrienne Marie Llamas, a former financial advisor with Wells Fargo in Long Beach, California, has been barred from the association with any FINRA member in any capacity. Without admitting or denying the findings,…
May 16
Broker barred from securities industry for alleged theft.

Broker barred from securities industry for alleged theft.

FINRA recently announced that Joseph Mahmud, a registered representative in Lafayette, Louisiana has been barred from the securities industry. Without admitting or denying the findings, Mahmud consented to the described sanction and to the…
May 15
Investor Alert Regarding Lump-Sum Payments for Retiree

Investor Alert Regarding Lump-Sum Payments for Retiree

Are you thinking of selling your pension or structured settlement for a lump-sum payment? Have you been contacted by a salesperson soliciting a “pension income program” or “factored structured settlement”?…

Rank this Week: 721

Corporate Securities Law Blog

Focuses on complliance, corporate governance, disclosure, mergers and tax issues. By Sheppard Mullin.

http://www.corporatesecuritieslawblog.com/

May 9
Ninth Circuit Holds that Federal Securities Laws Preempt California Labor Code's Ban on Forced Patronage at Brokerage Firm

Ninth Circuit Holds that Federal Securities Laws Preempt California Labor Code's Ban on Forced Patronage at Brokerage Firm

In McDaniel v. Wells Fargo Investments, LLC, Nos. 11-17017, 11-55859, 11-55943, 11-55958, 2013 WL 1405949 (9th Cir. Apr. 9, 2013), the United States Court of Appeals for the Ninth Circuit affirmed the dismissal of four class action lawsuits…
May 1
District Court Grants Motion to Compel Against SEC, Holding that "Facts" Are Not Work Product In SEC Confidential Witness Interview

District Court Grants Motion to Compel Against SEC, Holding that "Facts" Are Not Work Product In SEC Confidential Witness Interview

In a recent Securities & Exchange Commission (“SEC”) investigation, the SEC interviewed three persons who had proffer agreements with the SEC and United States Attorney. In a subsequent SEC enforcement action, a defendant…
Apr 25
United States Supreme Court Decides Question of Corporate Liability Under Alien Tort Statute On Broader Ground

United States Supreme Court Decides Question of Corporate Liability Under Alien Tort Statute On Broader Ground

In Kiobel v. Royal Dutch Petroleum Co., No. 10-1491, 2013 WL 1628935 (U.S. Apr. 17, 2013), the Supreme Court of the United States addressed the circuit split that arose following the 2010 decision of the United States Court of Appeals for the…

Rank this Week: 729

About Broker Fraud Blog

Covers compliance rules, duty of disclosure, elder abuse and fraud. By the Hayes Law Firm.

http://aboutbrokerfraud.typepad.com/about_broker_fraud_blog/

Dec 6
SEC Freeze Assets in Alleged Diamond-Themed Ponzi Scheme

SEC Freeze Assets in Alleged Diamond-Themed Ponzi Scheme

The SEC alleges that Richard Dalton and Universal Consulting Resources LLC (UCR) raised approximately $17 million from investors for two fraudulent offerings. The programs were generally referred to as the “Trading Program” and the…
Sep 28
Arbitrators Award Ten Times Amount of Investment in Auction Rate Securities Case

Arbitrators Award Ten Times Amount of Investment in Auction Rate Securities Case

Last month an arbitration panel ordered the investment firm USB financial to pay over $80 million in consequential investments to Kajeet, Inc., a company who markets cellphones for kids. Kajeet’s award fell short of the $110 million…
Aug 30
Raymond James Must Buy Back Auction Rate Securitie

Raymond James Must Buy Back Auction Rate Securitie

A Texas couple got some great news last week from the FINRA arbitration panel that ruled on their claim. The panel ruled that the Raymond James Financial Inc. and broker Larry Milton must buy back some $925,000 worth of auction…

Rank this Week: 754

The 10b-5 Daily

Covers securities class action litigation. By Lyle Roberts.

http://www.the10b-5daily.com/

May 17
Shrug, Concur, and Move On

Shrug, Concur, and Move On

In a famous market manipulation that lead to multiple criminal convictions, the A.R. Baron brokerage engaged in a pump-and-dump scheme to induce customers to purchase the securities of small companies at artificially inflated prices. Among…
May 10
What Next?

What Next?

Based on the Supreme Court's recent decisions, a plaintiff is not required to prove the existence of loss causation (Halliburton) or materiality (Amgen) to certify an investor class. In the Halliburton case, however, the defendants pursued a…
Apr 26
Cornerstone Report On Accounting Case

Cornerstone Report On Accounting Case

Cornerstone Research has issued a study of 2012 securities class actions involving accounting allegations. The notable findings include: (1) The number of accounting filings fell from 78 in 2011 to 45 in 2012. Two factors that contributed to…

Rank this Week: 1031

Startup Law Blog

Covers legal and regulatory developments in startup, securities law and regulation. By Joe Wallin.

http://startuplawblog.com

May 17
SEC Fires Another Salvo in the “Finder” Debate

SEC Fires Another Salvo in the “Finder” Debate

The SEC recently issued orders against two individuals and a company and, in doing so, continued the debate over what conduct requires someone acting as a “finder” to be registered as a broker or dealer or associated with a…
May 17
Young Entrepreneur Social Charity Auction

Young Entrepreneur Social Charity Auction

Do you want to make a local impact right now? Are you someone interested in encouraging young entrepreneurs and leaders here in Seattle? Or, are you a young leader yourself who is interested in building a better community locally? On June…
May 15
Incentive Stock Options vs. Nonqualified Stock Option

Incentive Stock Options vs. Nonqualified Stock Option

Companies and service providers to companies frequently confront this question. Which is better: an Incentive Stock Option (aka a statutory stock option) (an “ISO”) or a Nonqualified Stock Option (aka a Nonstatutory Stock Option)…

Rank this Week: 1159

Broke and Broker

Covers the Wall Street docket of criminal, civil, regulatory, and arbitration cases. By Bill Singer.

http://brokeandbroker.com/index.php

May 16
Weekend Update by Bill Singer of BrokeAndBroker.com

Weekend Update by Bill Singer of BrokeAndBroker.com

The $2.6 Million Question In Goldman Sachs Suitability ArbitrationFINRA arbitration Decisions tend to be unanimous, but, with increasing frequency, we are seeing decisions by two of three arbitrators -- and ther...Read OnPublic Customer…
May 16
The $2.6 Million Question In Goldman Sachs Suitability Arbitration

The $2.6 Million Question In Goldman Sachs Suitability Arbitration

FINRA arbitration Decisions tend to be unanimous, but, with increasing frequency, we are seeing decisions by two of three arbitrators -- and there has been an increasing number of written dissents published. Although it would be…
May 16
Public Customer Wins Messy Private Placement Arbitration

Public Customer Wins Messy Private Placement Arbitration

In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in November 2011, Claimant Process Engineering Services asserted breaches of contract and fiduciary duty, misrepresentation, and omission of…

Rank this Week: 1143

Covers common securities broker abuses, early retirement scams, elder abuses, subprime mortages & collateralized debt obligation problems, and variable annuities and equity-indexed annuities. By Atlanta, Georgia stockbroker fraud attoneys, Page Perry.

http://www.investmentfraudlawyerblog.com/

Jan 8
Today's 'Alternative Investments' Resemble 'Limited Partnerships' of the Past

Today's 'Alternative Investments' Resemble 'Limited Partnerships' of the Past

Wall Street’s recent promotion of alternative investments should warrant serious concern among investors. It serves as an unpleasant example of history repeating itself. In the mid-1980s, Wall Street firms became enamored with limited…
Jan 7
Hedge Funds Under Regulatory Scrutiny

Hedge Funds Under Regulatory Scrutiny

The SEC has hired hedge fund industry professionals to assist in its investigation of problems and abuses in the hedge fund industry. Three SEC enforcement units are involved in the investigations: the Asset Management unit headed by Bruce…
Jan 7
Approach Actively Traded ETFs with Caution

Approach Actively Traded ETFs with Caution

A recent change in policy by the SEC could have a significant impact on the risk profile of some ETFs. In response to pressure from the industry, the SEC has lifted its moratorium on the use of derivatives by certain exchange traded funds. …

Rank this Week: 1081

Canadian Securities Law Online

Covers Canadian securities law topics, including disclosures, corporate governance, mergers, registration and compliance. By Stikeman Elliott.

http://www.canadiansecuritieslaw.com/

May 16
Chicago Mercantile Exchange applies for exemption from clearing agency recognition requirement

Chicago Mercantile Exchange applies for exemption from clearing agency recognition requirement

The Ontario Securities Commission announced today that Chicago Mercantile Exchange Inc. has applied for an exemption from the requirement to be recognized as a clearing agency on the basis that it is subject to an appropriate regulatory…
May 15
OSC to hold crowdfunding roundtable

OSC to hold crowdfunding roundtable

The Ontario Securities Commission has announced that it will be hosting a roundtable discussion on June 11 to obtain input from investors regarding investing in small and medium sized enterprises and start-ups. As we discussed in…
May 14
Budget bill would prohibit attempts to engage in fraudulent conduct under commodities legislation

Budget bill would prohibit attempts to engage in fraudulent conduct under commodities legislation

As we discussed in a recent post, Ontario's recently-proposed budget bill would amend the Securities Act to tighten up provisions respecting insider trading. In respect of commodities, section 59.1 of the Commodity Futures…

Rank this Week: 1529

Federal Securities Law Blog

FedSecLaw.com is devoted to highlighting current issues in securities laws, discussing the ramifications of those issues for todayâ€™s businesses, and providing bottom-line takeaways for busy owners, managers, and executives. Published by Porter, Wright,

http://www.fedseclaw.com/

May 15
SEC and CFTC Red Flag Rules Become Effective May 20, 2013

SEC and CFTC Red Flag Rules Become Effective May 20, 2013

The Securities and Exchange Commission and the Commodity Futures Trading Commission have adopted rules that require most broker-dealers, mutual funds, investment advisers, and certain other regulated entities to create programs to prevent…
May 7
The Timken Board: Between a Rock and a Hard Place

The Timken Board: Between a Rock and a Hard Place

On May 7, 2013, Timken Co. announced that its shareholders approved a nonbinding proposal from activist shareholders (Relational Investors and Calstrs—California State Teachers' Retirement System, who together own 7.28% of the…
Apr 25
Zillow, Inc. To Use Twitter For Earnings Call

Zillow, Inc. To Use Twitter For Earnings Call

The real estate website company Zillow, Inc. announced it would use Twitter and Facebook to field questions on its first quarter earnings call. The company claims that it is the first to take questions in this manner, but will continue…

Rank this Week: 1298

FinancialCounsel

Features podcasts on compliance, employment and industry intelligence for investment professionals and investment, planning and regulatory intelligence for investors. By James J. Eccleston.

http://financialcounsel.typepad.com/financialcounsel/

May 15
SEC Charges Municipality With Issuing Misleading Statements Outside Securities Disclosure Document

SEC Charges Municipality With Issuing Misleading Statements Outside Securities Disclosure Document

On May 6, 2013, the SEC charged the City of Harrisburg, PA with securities fraud for its misleading public statements when its financial condition was deteriorating and financial information available to municipal bond investors was either…
May 13
Morgan Stanley Forgivable Loan Practices Under Scrutiny

Morgan Stanley Forgivable Loan Practices Under Scrutiny

Brokerage firms often offer financial advisers loans, which are payments to lure advisers, and thus their clients, to the firm and keep them there. If the financial adviser meets various performance requirements and does not defect to a rival…
May 6
The SEC will be more aggressive in the…

The SEC will be more aggressive in the next couple of years with efforts to bar securities law violators from financial firms. In particular, the SEC will use its powers under The Dodd-Frank Wall Street Reform and Consumer Protection Act...

Rank this Week: 1195

Institutional Investor Securities…

Institutional Investor Securities Blog

Covers investment fraud involving auction-rate securities, credit rating agencies, hedge funds and mortgage-backed securities. By Shepherd Smith Edwards & Kantas.

http://www.institutionalinvestorsecuritiesblog.com/

May 14
SEC Roundup: Regulator Addresses CDS Portfolio Margin Program & Ex-Commission Officials Want DC Circuit to Grant SIPC Protection to Stanford Ponzi Scam Victim

SEC Roundup: Regulator Addresses CDS Portfolio Margin Program & Ex-Commission Officials Want DC Circuit to Grant SIPC Protection to Stanford Ponzi Scam Victim

Ex-Commission Officials, Others Want DC Circuit to Grant Stanford Ponzi Scam Victims SIPC Protection Former SEC Officials, law professors, and trade groups are among those pressing the U.S. Court of Appeals for the District of Columbia…
May 10
Lawmakers Tackle Investment and Securities Matter

Lawmakers Tackle Investment and Securities Matter

US Senators John Thune (R-SD), Richard Burr (R-NC), and Tom Coburn (R-Okla) have introduced a bill that would mandate that public pension plans reveal more information about the way they calculate liabilities and assets or place at risk the…
May 9
Standard & Poor’s Seeks Dismissal of DOJ Securities Fraud Lawsuit Over RMBS and CDO Ratings Issued During the Financial Crisi

Standard & Poor’s Seeks Dismissal of DOJ Securities Fraud Lawsuit Over RMBS and CDO Ratings Issued During the Financial Crisi

In the U.S. District Court for the Central District of California, Standard & Poor's Financial Services LLC is asking for the dismissal of a US Department of Justice securities fraud lawsuit accusing the ratings firm of knowing that it…

Rank this Week: 1420

DealLawyers.com Blog

Covers mergers & acquisitions. From editor Broc Romanek, who is also editor of TheCorporateCounsel.net.

http://www.deallawyers.com/Blog/

May 14
In re Plains Exploration: A Revlon Review & the Kitchen Sink

In re Plains Exploration: A Revlon Review & the Kitchen Sink

In re Plains Exploration: A Revlon Review & the Kitchen Sink John Grossbauer of Potter Anderson notes: In In re Plains Exploration & Production Co. Shareholder Litigation, Delaware Vice Chancellor Noble rejected claims for breach of…
May 13
The Resurgence of Japanese Outbound M&A

The Resurgence of Japanese Outbound M&A

The Resurgence of Japanese Outbound M&A Here's an excerpt from this Skadden Arps' memo about Japanese M&A: The Nikkei has skyrocketed more than 50 percent over the last six months. Goldman Sachs has issued a report predicting a…
May 7
Today's Webcast: "FCPA Issues in Deals Today"

Today's Webcast: "FCPA Issues in Deals Today"

Today's Webcast: "FCPA Issues in Deals Today" Tune in today for the webcast - "FCPA Issues in Deals Today" - to hear Mauricio Espana and Derek Winokur of Dechert and Rebekah Poston of Squire Sanders explain how FCPA…

Rank this Week: 1654

Securities Mining Law

Covers securities law affecting the mining industry in Canada.

http://www.securitiesmininglaw.com/

May 10
Canada to Strengthen its Laws Against Bribery of Foreign Public Official

Canada to Strengthen its Laws Against Bribery of Foreign Public Official

Mining and exploration companies with projects in developing nations should take note that an amendment to the Foreign Corrupt Practices Act (CFPOA) has been approved by the Senate and is currently before the House of Commons. Bill S-14…
May 10
New Bill Heightens Potential for More Investment Canada Reviews of SOE Acquisition

New Bill Heightens Potential for More Investment Canada Reviews of SOE Acquisition

Last week the Canadian Government introduced amendments to the Investment Canada Act (ICA) to implement its revised policy towards state-owned enterprises (SOEs) which it announced in December last year. At that time, while it approved the…
May 8
The Québec Government announces a new Mining Tax Regime “Fair for all”

The Québec Government announces a new Mining Tax Regime “Fair for all”

The new Québec mining tax regime was announced on May 6th 2013, by the Minister of Finance, Nicolas Marceau, accompanied by the Minister of Natural Resources, Martine Ouellet. The Québec Government has presented a new regime…

Rank this Week: 1748

North Carolina Business Litigation…

North Carolina Business Litigation Report

Reports on judicial decisions of significance to business and shareholders. By Mack Sperling of Brooks Pierce LLP.

http://www.ncbusinesslitigationreport.com/

May 7
Claims For Legal Malpractice Aren't Assignable In North Carolina

Claims For Legal Malpractice Aren't Assignable In North Carolina

Maybe you've wondered whether a claim for legal malpractice can be assigned. Maybe you haven't. But yesterday, the North Carolina Court of Appeals answered that question. In Revolutionary Concepts, Inc. v. Clements Walker PLLC, the…
May 1
Fourth Circuit Takes A Narrow View On Recovery Of E-Discovery Cost

Fourth Circuit Takes A Narrow View On Recovery Of E-Discovery Cost

You've undoubtedly prevailed in a federal case -- either at summary judgment or after a trial -- and you have probably struggled with what you are entitled to recover as costs under 28 U.S.C. §1920. And recently, your client,…
Apr 29
Arbitration Compelled Based On Unsigned Arbitration Agreement

Arbitration Compelled Based On Unsigned Arbitration Agreement

If you were thinking that an arbitration agreement needs to be signed in order to get an order compelling arbitration, your world may have been turned on its ear by the Order from the Business Court last week in Morton v. Ivey, McClellan,…

Rank this Week: 1306

White Collar Fraud

Covers white collar crime, securities fraud, the accounting profession, internal controls and Sarbanes-Oxley. By Sam E. Antar.

http://whitecollarfraud.blogspot.com/

Jan 29
Overstock.com CEO Patrick Byrne Sleeps With a Gun

Overstock.com CEO Patrick Byrne Sleeps With a Gun

In numerous blog posts in the past, and in widespread media coverage, evidence has accumulated for years that Overstock.com CEO (NASDAQ: OSTK) Patrick Byrne has shown signs of being mentally unbalanced and paranoid. Byrne has blamed his…
Jan 22
Patrick Byrne: Armed, Dangerous, and Delusional

Patrick Byrne: Armed, Dangerous, and Delusional

Last Wednesday, Overstock.com (NASDAQ: OSTK) CEO Patrick Byrne was arrested after Transportation Security Administration (TSA) officers found a loaded pistol concealed in his carry-on bag at an airport security checkpoint. He spent several…
Dec 28
What Indicted SAC Capital Portfolio Manager Mathew Martoma Can Learn from Crazy Eddie

What Indicted SAC Capital Portfolio Manager Mathew Martoma Can Learn from Crazy Eddie

Back in March 1989, I faced an agonizing decision: Either cooperate with the F.B.I. and S.E.C. investigations of fraud at Crazy Eddie or spend a long time in prison behind bars. Likewise, former SAC Capital Advisors portfolio manager Mathew…

Rank this Week: 1319

InvestorLawyers.net

Covers the right to recover money from dishonest stockbrokers and investment advisers.

http://www.investorlawyers.net/blog/

Nov 28
Mark Hotton Allegedly Defrauded Clients; Investors Could Recover Losse

Mark Hotton Allegedly Defrauded Clients; Investors Could Recover Losse

Investment fraud lawyers are currently investing claims on behalf of the clients of Mark Hotton. A recent complaint filed by the Financial Industry Regulatory Authority alleges that Hotton stole or rerouted money from his clients — funds…
Nov 27
FINRA Now Arbitrating Claims Against Investment Adviser

FINRA Now Arbitrating Claims Against Investment Adviser

A recent announcement from the Financial Industry Regulatory Authority stated that arbitration is open to disputes between investors and registered investment advisers, or RIAs. According to securities fraud attorneys, this is good news for…
Nov 25
Clients of Jeffrey A. Cashmore, LPL Financial Could Recover Losse

Clients of Jeffrey A. Cashmore, LPL Financial Could Recover Losse

Securities fraud attorneys are currently investigating claims on behalf of investors who suffered significant losses as a result of their financial investments with Jeffrey A. Cashmore and LPL Financial. According to the Financial Industry…

Rank this Week: 1588

Institutional Shareholder Services…

Institutional Shareholder Services - Insight

Covers corporate governance, accounting and securities law issues. From Institutional Shareholder Services Inc.

http://blog.issgovernance.com/

May 10
Midseason Update on Proxy Access - Sean Quinn, ISS Governance Institute - Governance

Midseason Update on Proxy Access - Sean Quinn, ISS Governance Institute - Governance

Proxy access was one of the most highly anticipated issues of the 2012 U.S. proxy season, and here at the halfway mark of the season, this issue has lived up to its billing. To date, only three proxy access shareholder proposals have gone to…
May 8
Greater Investor Support for Independent Chair Proposals - Ted Allen - Governance

Greater Investor Support for Independent Chair Proposals - Ted Allen - Governance

So far this year, investors have been more receptive to shareholder proposals that seek an independent board chair.
May 7
Four More Firms Fail to Win Majority Support on Pay - Ted Allen - Governance

Four More Firms Fail to Win Majority Support on Pay - Ted Allen - Governance

Four additional firms--Mylan, Tower Group, Sterling Bancorp., and Manitowoc Co.--reported that they failed to win majority support for their executive compensation practices. Overall, 12 U.S.-listed companies have not obtained majority…

Rank this Week: 1678

Securities Fraud Attorney Blog

Covers securities fraud, and other areas of securities law and banking and finance law. Published by Rich, Intelisano & Katz, LLP.

http://www.securitiesfraudattorneyblog.com/

Dec 9
Bloomberg Update on $383M Client Case v. Citigroup

Bloomberg Update on $383M Client Case v. Citigroup

Below is a piece by Bloomberg on our firm's $383 million claim against Citigroup. There's more on this case on the firm's website at http://www.riklawfirm.com/ Citigroup’s Mathur Said to Depart With Hybrid Traders as Pandit Cuts Jobs By…
Dec 1
American Lawyer Piece on Firm's Citigroup Case

American Lawyer Piece on Firm's Citigroup Case

Below is an American Lawyer piece which explains our clients' pending $383 million FINRA arbitration against Citigroup. It goes on to talk about how there are more and more large and complex cases at FINRA. It's true. As partner John Rich…
Nov 30
Bloomberg Piece on $383M Client Case v. Citigroup

Bloomberg Piece on $383M Client Case v. Citigroup

Below is Bloomberg piece about our client's $383 million FINRA arbitration claim against Citigroup Global Markets, Inc. related to hedge funds, private equity, and derivatives. Bloomberg Citigroup Saudi Deal Haunts Pandit By Donal Griffin -…

Rank this Week: 1684

The PSLRA Nugget

Covers securities class action case law. By Christopher S. Jones.

http://pslranugget.blogspot.com/

Feb 3
The Nugget is Moving to a New Home

The Nugget is Moving to a New Home

Please update your bookmarks, as the PSLRA Nugget is moving to a new easier to remember website address. Also if you are getting this by email, and you would like to continue getting it that way, you just need to go to
Feb 2
Yes Shorter is Better (at least in legal briefing)

Yes Shorter is Better (at least in legal briefing)

OK, you know who you are. The serial page extension requesters. But Judge, we have to have 100 pages to explain it. I know, I know, we've all done it. And yes I agree sometimes it's necessary. But District Judge Joy Flowers Conti…
Mar 18
Confidential Sources Still Alive & Kicking

Confidential Sources Still Alive & Kicking

What's that? You thought Tellabs banned confidential witnesses? Well, let's not get carried away here, as there's certainly at least two ways to read that opinion. Of course, after the 7th Circuit decided Higginbotham v. Baxter, it was…

Rank this Week: 1577

Proxyland

Covers corporate governance.

http://proxyland.blogspot.com/

Mar 6
One Blog Closes, Another Open

One Blog Closes, Another Open

Big news, dear readers.
Feb 17
Stimulus Plan Attacks Executive Compensation: Stay Tuned

Stimulus Plan Attacks Executive Compensation: Stay Tuned

Everyone knows about the freaky fireball that plummeted through the Texas sky last weekend. In an unrelated development, a fireball suddenly appeared in the skies over Proxyland on Friday. That one, however, has been identified: it’s Title…
Feb 11
Geithner's Financial Stability Plan, Or Whatever

Geithner's Financial Stability Plan, Or Whatever

C’mon now, everyone. Cheer up. At least Tim Geithner is easier on the eyes than Hank Paulson, whose face seemed to have the words “we’re all gonna die” written on it no matter what he was saying.

Rank this Week: 1507

Securities Law Prof Blog

Covers securities arbitration, state securities law, court decisions and law review articles. By Professor Barbara Black.

http://lawprofessors.typepad.com/securities/

May 19
SEC Charges Atlanta Resident with Fraud in Prime Bank Investment Scheme

SEC Charges Atlanta Resident with Fraud in Prime Bank Investment Scheme

The SEC recently filed an emergency action in federal court in Atlanta, charging Robert Fowler (Fowler) and his company, US Capital Funding Series II Trust 1 (US Capital), with violations of the federal securities laws for defrauding…
May 19
Bullard on the 401(k) Plan Large Menu Defense

Bullard on the 401(k) Plan Large Menu Defense

The Social Costs of Choice, Free Market Ideology and the Empirical Consequences of the 401(k) Plan Large Menu Defense, by Mercer Bullard, University of Mississippi - School of Law, was recently posted on SSRN. Here is the abstract: Regulatory…
May 17
Schwab Eliminate Class Action Waiver in Customers' Agreements -- At Least For Now

Schwab Eliminate Class Action Waiver in Customers' Agreements -- At Least For Now

As regular readers of this Blog know, Charles Schwab includes in its brokerage agreements with its customer a provision that purports to prohibit customers from bringing class actions against the firm. This class action waiver violates FINRA…

Rank this Week: 1972

Hedge Fund Law Blog

Covers hedge fund laws and starting a hedge fund.

http://www.hedgefundlawblog.com

May 17
Regulation A+ Deadline Passed by Congre

Regulation A+ Deadline Passed by Congre

Part of JOBS Act Regulations to be Finalized by October 31, 2013 On Wednesday May 15, the House of Representatives passed H.R. 701 which requires the SEC to finalize regulations with respect to “Regulation A+” of the JOBS Act.…
May 7
SALT Conference 2013

SALT Conference 2013

Today the SALT conference starts in Las Vegas. Continuing through the end of the week, the hedge fund industry will be descending upon the Bellagio for scheduled speakers, general information sessions and, of course, networking.…
May 5
Hedge Fund Events May 2013

Hedge Fund Events May 2013

The following are various hedge fund events happening this month. Please email us if you would like us to add your event to this list. **** May 1-3 Sponsor: IAA Event: 2013 Annual Conference Location: New Orleans, LA May 6-7 Sponsor: Schwartz…

Rank this Week: 2094

Securities Compliance Sentinel

Covers securities industry compliance and enforcement issues. By Fox Rothschild LLP.

http://securitiescompliancesentinel.foxrothschild.com

May 17
Self-Funding And The SEC

Self-Funding And The SEC

This has been the week of scandals. With political forces, lobbyist and lots of deep pockets, our government is a breeding ground for scandals. The SEC has certainly not been immune. A few years ago, the SEC made headlines…
May 16
So is it now really the beginning of the end of arbitration

So is it now really the beginning of the end of arbitration

The North American Securities Administrators Association on behalf of state securities regulators, following 37 members of Congress, recently asked the SEC to exercise its authority under Dodd-Frank and do away with mandatory arbitration…
May 3
Pleading Scienter Seems To Get Harder And Harder

Pleading Scienter Seems To Get Harder And Harder

I do not envy any attorney who attempts plead a Section 10b-5 claim. Courts throughout the country have made pleading scienter extremely difficult, and the benefit of any doubt favors the defendants. Under the PSLRA, a plaintiff…

Rank this Week: 3961

SEC Lawyers Blog

Covers stock fraud. By Sonn & Erez, PLC.

http://www.seclawyersblog.com/

May 17
Sonn|Erez Pursuing Claims for Investor Losses in Hennessey Financial Monthly Income Fund, LP, Also Known as True North Fund and Capital Solutions Monthly Income Fund, LP

Sonn|Erez Pursuing Claims for Investor Losses in Hennessey Financial Monthly Income Fund, LP, Also Known as True North Fund and Capital Solutions Monthly Income Fund, LP

Sonn|Erez is litigating several claims against NFP Securities, Inc., for investor losses in the Hennessey Financial Monthly Income Fund, LP, also known as the True North Fund and the Capital Solutions Monthly Income Fund, LP ("Hennessey…
May 15
FINRA Cautions Investors About Pitfalls of Buying and Selling Pension or Structured Settlement Income Stream

FINRA Cautions Investors About Pitfalls of Buying and Selling Pension or Structured Settlement Income Stream

The SEC and FINRA recently issued an Investor Alert regarding buying or selling pension or structured settlement income streams. A structured settlement typically represents a stream of payments stemming from the resolution of litigation,…
May 13
Sonn|Erez Pursuing Claims Against Success Trade Securities, Inc., Fuad Ahmed, and Jinesh Pravin Brahmbatt For Sale of Unregistered Securities to NFL Player

Sonn|Erez Pursuing Claims Against Success Trade Securities, Inc., Fuad Ahmed, and Jinesh Pravin Brahmbatt For Sale of Unregistered Securities to NFL Player

Sonn|Erez is investigating claims against Success Trade Securities, Inc., Fuad Ahmed, and Jinesh Pravin Brahmbatt on behalf of individuals who invested in promissory notes issued by Success Trade, Inc. ("STI"), the firm's parent company, and…

Rank this Week: 3639

Representing Investors

Covers securities arbitration, litigation and regulatory news. By Maddox Hargett & Caruso, P.C.

http://www.investorprotection.com/blog

May 17
B-Ds Address Sales of Alternative Investment

B-Ds Address Sales of Alternative Investment

Alternative investments like non-traded REITs and private placements have levied financial havoc on many investors in recent years. Now, facing pressure from regulators, some broker/dealers are making changes to how they sell these kinds of…
May 16
Report: Senior Designations Can Confuse the Elderly

Report: Senior Designations Can Confuse the Elderly

A May 7 story by NPR highlights some of the ways in which bogus financial advisers use the “art of confusion” to siphon money from unsuspecting elder Americans. A contributing factor to this type of elder fraud is the myriad of…
May 15
B-D Accused of Allegedly Misusing Investors’ Money

B-D Accused of Allegedly Misusing Investors’ Money

The Financial Industry Regulatory Authority (FINRA) has filed a complaint against Kimberly Springsteen-Abbott, owner, chief executive and head of compliance for Commonwealth Capital Securities Corp., for allegedly misusing…

Rank this Week: 4722

BD Law Blog

Features news, updates and thoughts regarding broker-dealer and investment adviser regulation and legal and compliance issues. By the Beck Law Firm, LLC.

http://www.bdlawblog.com/

May 17
Broker-Dealer Enforcement Roundup

Broker-Dealer Enforcement Roundup

FINRA has published the notice of disciplinary cases for April 2013 online. A few cases I think are worthy of discussion. In one case, a firm agreed to settle an action through an AWC and was censured and fined $150,000....
May 17
Broker-Dealer Enforcement Roundup

Broker-Dealer Enforcement Roundup

FINRA has published the notice of disciplinary cases for April 2013 online. A few cases I think are worthy of discussion. In one case, a firm agreed to settle an action through an AWC and was censured and fined $150,000....
May 13
Living Trusts: Do You Need One? Perhaps Not.

Living Trusts: Do You Need One? Perhaps Not.

Whenever I work with a client on estate planning issues, my tendency is to keep things as simple as possible. If the client doesn't need any complex planning, then we don't do it. And, in my practice, rarely does a...

Rank this Week: 2743

Securities Attorney Law Blog

Reviews Federal Securities Fraud Litigation, Arbitration, Whistleblower Claims & Derivative Lawsuits. By Jay Eng.

http://securitiesattorneylaw.com/

May 17
Charles Schwab Backs Down on Class Action Waivers in Client Account Agreement

Charles Schwab Backs Down on Class Action Waivers in Client Account Agreement

Reuters is reporting that the brokerage firm of Charles Schwab Corp. is backing down on its requirement that account holders waiver class action lawsuits. Reuters reports Charles Schwab Corp has temporarily reversed its requirement that…
May 17
Florida Supreme Court Says Statute of Limitations Applies In Arbitration – Raymond James v. Phillip

Florida Supreme Court Says Statute of Limitations Applies In Arbitration – Raymond James v. Phillip

Yesterday, the Florida Supreme Court issued the much awaited decision in Raymond James Financial Services, Inc. v. Phillips, Case No. SC 11-2513 (May 16, 2013). In this case, the Florida Supreme Court considered whether Florida’s…
May 7
Attorneys File Securities Fraud Class Action Complaint Against UniTek Global Services UNTK

Attorneys File Securities Fraud Class Action Complaint Against UniTek Global Services UNTK

Securities attorneys have filed a class action complaint against UniTek Global Services, Inc. in connection with its recent 50% stock drop. According to the complaint, On April 12, 2013, UniTek issued a press release (the…

Rank this Week: 3094

Securities Attorneys Law Blog

Covers securities class action litigation and FINRA arbitrations, SEC regulatory developments and FINRA disciplinary decisions. By Jay Eng.

http://securitiesattorneys.us/

May 17
Charles Schwab Backs Down on Class Action Waivers in Client Account Agreement

Charles Schwab Backs Down on Class Action Waivers in Client Account Agreement

Reuters is reporting that the brokerage firm of Charles Schwab Corp. is backing down on its requirement that account holders waiver class action lawsuits. Reuters reports Charles Schwab Corp has temporarily reversed its requirement that…
May 17
Florida Supreme Court Says Statute of Limitations Applies In Arbitration – Raymond James v. Phillip

Florida Supreme Court Says Statute of Limitations Applies In Arbitration – Raymond James v. Phillip

Yesterday, the Florida Supreme Court issued the much awaited decision in Raymond James Financial Services, Inc. v. Phillips, Case No. SC 11-2513 (May 16, 2013). In this case, the Florida Supreme Court considered whether Florida’s…
May 7
Attorneys File Securities Fraud Class Action Complaint Against UniTek Global Services UNTK

Attorneys File Securities Fraud Class Action Complaint Against UniTek Global Services UNTK

Securities attorneys have filed a class action complaint against UniTek Global Services, Inc. in connection with its recent 50% stock drop. According to the complaint, On April 12, 2013, UniTek issued a press release (the…

Rank this Week: 4696

TheCorporateCounsel.net Blog

Covers corporate and securities law. By Broc Romanek.

http://www.thecorporatecounsel.net/Blog/

May 17
The SEC Staff Speaks on Whistleblower Development

The SEC Staff Speaks on Whistleblower Development

The SEC Staff Speaks on Whistleblower Developments In this half-hour podcast, Sean McKessy, Chief of the SEC's Office of the Whistleblower brings us up-to-date on what is happening in his Office, including: - How do you like the job so...
May 16
Corp Fin's New Director: The Mighty Keith Higgins! (& Lona Nallengara Becomes SEC's Chief of Staff)

Corp Fin's New Director: The Mighty Keith Higgins! (& Lona Nallengara Becomes SEC's Chief of Staff)

Corp Fin's New Director: The Mighty Keith Higgins! (& Lona Nallengara Becomes SEC's Chief of Staff) It couldn't happen to two nicer guys. Keith Higgins was tapped yesterday to become Corp Fin's Director - and Acting Director Lona…
May 15
Our New "Internal Controls Disclosure Handbook"

Our New "Internal Controls Disclosure Handbook"

Our New "Internal Controls Disclosure Handbook" Spanking brand new. Posted in our "Internal Controls" Practice Area, this comprehensive "Internal Controls Disclosure Handbook" provides a heap of practical…

Rank this Week: 2443

Florida Securities Fraud Lawyer…

Florida Securities Fraud Lawyer Blog

Covers securities fraud, investor fraud and Ponzi schemes. By McCabe Rabin, P.A.

http://www.floridasecuritiesfraudlawyerblog.com/

May 16
Ranbaxy USA, Inc. Agrees to $500 Million Settlement

Ranbaxy USA, Inc. Agrees to $500 Million Settlement

Ranbaxy USA, Inc., a division of generic drug manufacturer Ranbaxy Laboratories Limited based in India, has agreed with the U.S. to settle criminal and civil charges. The charges relate to the manufacture and distribution of allegedly…
May 14
C.R. Bard Agrees to Settle Qui Tam Suit

C.R. Bard Agrees to Settle Qui Tam Suit

New Jersey-based C.R. Bard, Inc. ("Bard"), a manufacturer and marketer of medical products, has agreed to settle a qui tam action for $48.26 million. According to the Justice Department, the suit relates to Bard's sales of brachytherapy…
May 6
False Claims Act Used in Florida Section 8 Housing Case

False Claims Act Used in Florida Section 8 Housing Case

Two landlords accused of shaking down low-income tenants for excess rent payments were recently sued under the federal False Claims Act. According to the U.S. Attorney for the Southern District of Florida and Legal Services of Greater Miami,…

Rank this Week: 5076

100 F Street

Covers securities law for growing businesses. By Vanessa Schoenthaler.

http://100fstreet.com/

May 16
SEC Announces a New Director of the Division of Corporation Finance; House Wants to Know Where the JOBS Act Rules Are

SEC Announces a New Director of the Division of Corporation Finance; House Wants to Know Where the JOBS Act Rules Are

TweetThe New Director of Division of Corporation Finance Yesterday the Securities and Exchange Commission announced the naming of Keith F. Higgins as director of the Commission’s Division of Corporation Finance. Higgins was a…
Mar 12
Mary Jo White’s Senate Confirmation Hearing Set for Today

Mary Jo White’s Senate Confirmation Hearing Set for Today

TweetAt 10:00 AM the Senate Banking Committee will hold a hearing (which you can watch here) to consider the nominations of Richard Cordray as Director of the Consumer Financial Protection Bureau and Mary Jo White as Chairman of the…
Feb 10
The New Nasdaq and NYSE Compensation Committee Listing Standard

The New Nasdaq and NYSE Compensation Committee Listing Standard

TweetOver the next week or so I’ll hopefully be catching up on a few things that I haven’t been able to get to from the last several weeks, the first being the new Nasdaq and NYSE compensation committee listing standards: By way…

Rank this Week: 3315

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