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Results: 1-10 of 624

Boston Scientific prevails in securities fraud lawsuit

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • August 22 2011

On August 15th, the First Circuit addressed what adverse events associated with medical devices an issuer must disclose, affirming the entry of summary judgment dismissing a Rule 10b-5 securities fraud lawsuit

Payments received by brokerages used in a fraudulent scheme cannot be avoided

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • September 20 2010

On September 14th, a Bankruptcy Court entered partial summary judgment in favor of defendants, brokerages through whom the debtor conducted a fraudulent stock lending scheme

DOJ focused on “bribes of consequence”

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • December 3 2012

Assistant Attorney General for the Criminal Division Lanny Breuer gave a speech at the American Conference Institute’s 28th National Conference on the FCPA, two days after the release of the DOJ’s new FCPA Guidance, where he clarified that the DOJ will pursue cases when payments “have a fundamentally corrosive effect on the way companies do business abroad.”

Portfolio manager's insider trading conviction is affirmed

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • August 20 2012

On August 17th, the Second Circuit affirmed the conviction of Joseph Contorinis, a co-portfolio manager of the Jeffries Paragon Fund, on charges of insider trading and conspiracy to commit securities fraud

Treasury Department designates FARC's 48th Front

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • June 21 2010

On June 17th, the Treasury Department's Office of Foreign Assets Control targeted a financial network of the 48th Front, a part of the Fuerzas Armadas Revolucionarias de Colombia (FARC

NFA launches aml website

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • November 22 2010

On November 16th, the National Futures Association announced it has launched a web-based Anti-Money Laundering Procedures System to assist NFA Member FCMs and IBs and applicants in developing an AML program that meets the requirements of the Bank Secrecy Act and NFA Compliance Rule 2-9(c

FCPA guidance

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • November 14 2011

On November 8th, the Legal Times reported that the United States Department of Justice (the "Justice Department") will release guidance on the criminal and civil enforcement of the Foreign Corrupt Practices Act next year

A broker may have a "trust relationship" with a client

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • June 14 2010

On June 8th, the Ninth Circuit affirmed defendants' convictions arising out of a securities fraud pump-and-dump scheme, but vacated the sentence

FinCEN issues new rule and guidance on SAR confidentiality

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • December 6 2010

On November 23rd, the Financial Crimes Enforcement Network released a final rule, entitled Confidentiality of Suspicious Activity Reports, as well as an advisory, two guidance documents, and a Notice of Availability of Guidance, which together clarify and strengthen the scope of Suspicious Activity Report confidentiality, and expand the ability of certain financial institutions to share SAR information with most affiliates

No evidence of gun manufacturer's scienter presented in 10b-5 claim

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • February 21 2012

On February 17th, the First Circuit affirmed the entry of summary judgment dismissing plaintiffs' Rule 10b-5 securities fraud claims