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5 Oct 2010, 1:56 am by sally
High Court (Queen’s Bench Division) Gray v Crown Prosecution Service [2010] EWHC 2144 (QB) (20 August 2010) High Court (Chancery Division) British Broadcasting Corporation v Harpercollins Publishers Ltd & Anor [2010] EWHC 2424 (Ch) (04 October 2010) High Court (Administrative Court) Hulme, R (on the application of) v Secretary of State for Communities & Local Government [2010] EWHC 2386 (Admin) (19 August 2010) Crown Prosecution Service, R (on the application of) v Kumbaro [2010]… [read post]
3 Oct 2010, 5:00 am by Erik Gerding
First Derivative Traders (09-525)(Argument scheduled for Dec. 7) Background: There is no aiding-and-abetting liability in private actions brought under Section 10(b) of the Securities Exchange Act of 1934. [read post]
2 Oct 2010, 12:31 pm by Frank Pasquale
As Satyajit Das memorably puts it in his book Traders, Guns, and Money, “no trader making $1 million + a year is going to take questions from an auditor making $50,000 a year” (144). [read post]
1 Oct 2010, 12:07 pm
On that occasion it took more than 5 hours for this large trader to execute the first 75,000 contracts of a large sell program. 6 However, on May 6, when markets were already under stress, the Sell Algorithm chosen by the large trader to only target trading volume, and neither price nor time, executed the sell program extremely rapidly in just 20 minutes. 7andnbsp;andnbsp; 6 Subsequently, the large fundamental trader closed, in a single day, this short position. 7 At… [read post]
1 Oct 2010, 4:44 am by By DEALBOOK
The financial overhaul bill restricts proprietary trading but allows big Wall Street firms to invest capital in their own hedge funds. [read post]
30 Sep 2010, 10:31 am
The first new transatlantic fiber-optic cable in a decade will cater to high-frequency financial traders whose algorithmic trading strategies and server farms are a perfect match for an ultra-low-latency connection between New York and London. [read post]
30 Sep 2010, 4:30 am by By DEALBOOK
Societe Generale won the dismissal of a U.S. shareholder lawsuit accusing the French bank of concealing nearly $9.5 billion of losses from a massive trading scandal and exposure to subprime mortgages. [read post]
29 Sep 2010, 2:56 pm by By NELSON D. SCHWARTZ
Bank of America Merrill Lynch is laying off 20 to 30 proprietary traders, or roughly a third of its team, as it aims to comply with the Volcker Rule that restrict banks from making bets with their own money. [read post]
29 Sep 2010, 7:58 am by Michelle Leder
For a coffee company based in Vermont, it’s attracted a lot of attention from day-trader types who have run up the stock sharply since May and has generated lots of glowing press like this puff-piece from TheStreet.com from just last month. [read post]
29 Sep 2010, 4:47 am by By DEALBOOK
In the current regulatory climate, proprietary traders at big banks, uncertain of their career paths, are on the lookout for fresh pastures, with many looking to start their own hedge funds. [read post]
28 Sep 2010, 4:08 am by By DEALBOOK
Avenue Capital Group, the hedge fund-firm run by Marc Lasry, is in talks to hire members of Goldman Sach's proprietary-trading business in the U.S., Bloomberg News reported. [read post]
27 Sep 2010, 9:37 am by Celeste Blackburn
Wall Street’s tumultuous 1980s, as witnessed by a young bond trader. 6. [read post]
27 Sep 2010, 8:00 am by Andrew Woods
According to the Professors, the Misappropriation Theory concerns communications between the trader and his information source; public disclosure is largely irrelevant to the theory. [read post]
27 Sep 2010, 1:13 am
 The story so far: small traders Inez and Gus sought Community trade mark protection for the word mark GOLDEN BALLS; Intra Presse, owners of the BALLON D'OR mark, opposed, citing a likelihood of confusion. [read post]
26 Sep 2010, 9:00 pm by Adjunct LawProfs
The court holds that NYU did not breach an implied contract by withholding MBA from a confessed inside trader. [read post]
24 Sep 2010, 7:24 pm
And, if the last two years hasn't taught you that WEIRD STUFF HAPPENS ALL THE TIME THAT WE CAN'T ANTICIPATE , I don't know what will (Think of the poor bond traders at Lehman Brothers....). [read post]
24 Sep 2010, 11:24 am by Venkat
Unfortunately for Sasqua, Courtney was adept at finding information on the internet, and her in-court demonstration of how to find out information that Sasqua claimed was a trade secret seemed to have impressed the court: Courtney . . . described a . . . process that she would utilize if she were approached by a foreign exchange trader who was looking for a position at Nomura and if she were starting from scratch. [read post]
24 Sep 2010, 7:00 am by Kara OBrien
  Most recently, cooperator and ex-Galleon trader David Slaine settled with the SEC for over $800,000 and ex-IBM executive Robert Moffatt was sentenced to six months in prison. [read post]