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Results: 1-10 of 91

Second Circuit applies class standing rule, which Supreme Court declines to review

  • Jenner & Block
  • -
  • USA
  • -
  • June 5 2013

We previously reported on the decision of the Second Circuit permitting a class plaintiff to sue on behalf of purchasers of the offering of RMBS that

Courts issue contrary rulings re statements touting compliance program

  • Jenner & Block
  • -
  • USA
  • -
  • June 5 2013

Two district courts recently reached different conclusions regarding whether investors may proceed on a securities fraud claim based in part on

Showing of materiality of alleged false statements or omissions not required for class certification in securities fraud actions

  • Jenner & Block
  • -
  • USA
  • -
  • April 30 2013

In Amgen Inc. v. Connecticut Retirement Plans & Trust Funds, 2013 WL 691001 (U.S. Feb. 27, 2013), the United States Supreme Court resolved a split in

FCPA charges dismissed against foreign executive for lack of personal jurisdiction

  • Jenner & Block
  • -
  • USA
  • -
  • April 19 2013

In SEC v. Sharef, No. 11-9073 (S.D.N.Y. Feb. 19, 2013), the SEC alleged that seven former executives at Siemens AG and its subsidiaries had

Government must disclose facts learned from interviews of immunized witnesses

  • Jenner & Block
  • -
  • USA
  • -
  • April 19 2013

In SEC v. Sells,No. 11-cv-04941 (N.D. Cal. Feb. 4, 2013), the Northern District of California held that the SEC must answer interrogatories that

Supreme Court: proof of materiality not required to certify securities class action

  • Jenner & Block
  • -
  • USA
  • -
  • April 19 2013

In Amgen Inc. v. Connecticut Retirement Plans and Trust Funds, 133 S. Ct. 1184 (2013) (No. 11-1085), the Supreme Court held that proof that

The Supreme Court holds SEC must bring civil penalty actions within five years of violation

  • Jenner & Block
  • -
  • USA
  • -
  • April 19 2013

On February 27, 2013, the United States Supreme Court held that in SEC enforcement actions, the five year statute of limitations governing civil

SEC charges Chinese company and its officers in connection with accounting fraud and maintaining off-balance sheet fund to pay bribes

  • Jenner & Block
  • -
  • USA
  • -
  • April 19 2013

On February 28, 2013, the SEC charged Keyuan Petrochemicals, Inc., a China-based issuer, with violations of the anti-fraud, reporting, books and

Foreign executive can be liable under FCPA for affecting false SEC filings

  • Jenner & Block
  • -
  • USA
  • -
  • April 19 2013

In SEC v. Straub, No. 11-9645 (S.D.N.Y. Feb. 8, 2013), the SEC alleged that executives of a Hungarian telecommunications company Magyar Telekom, Plc

Recent developments regarding nonlawyer investment in law firms

  • Jenner & Block
  • -
  • USA
  • -
  • April 19 2013

In the past, we have reported on nonlawyer investment in law firms and there are two recent developments to report under the professional conduct