We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
In cooperation with Association of Corporate Counsel
  Request new password

Search results

Order by most recent / most popular / relevance

Results: 1-10 of 12

Court approves American Home Mortgage's settlement of a subprime securities class action

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 18 2009

On July 30, 2009, the US District Court for the Eastern District of New York approved a $37.25 million settlement of a subprime-related securities class action styled, In re American Home Mortgage Securities Litigation

Court gives preliminary approval to Merrill Lynch's settlement of a subprime-related securities class action

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 17 2009

As previously reported on August 8, 2007, a jury convicted ex-Brocade CEO Greg Reyes for violating federal securities laws by failing to properly account for backdated options

Treasury Department sends systemic risk regulation proposal to Congress, and other financial regulatory overhaul news

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 24 2009

On Wednesday, July 22, 2009, the Treasury Department sent draft legislation to Capitol Hill that would bring all financial firms under federal supervision and regulation, and would establish a new regulatory council the Financial Services Oversight Council to identify and manage emerging risks

Hedge fund closes two of its funds and liquidates holdings

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 3 2009

According to press reports, Atticus Capital announced recently that it would shut down two of its three funds and liquidate their $3 billion in holdings

Second Circuit upholds dismissal for advisor who recommended Bayou Group hedge fund

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 21 2009

In a highly anticipated decision, the United States Court of Appeals for the Second Circuit affirmed last week that investment advisor Hennessee Group LLC could not be liable on the claims asserted by one of its clients for recommending that the client invest in a hedge fund that turned out to be nothing more than a Ponzi scheme perpetrated by Bayou Group LLC

SEC Task Force to investigate life settlements

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 21 2009

According to industry reports, the US Securities and Exchange Commission has formed a multidisciplinary task force (“Task Force”) to investigate life settlements (i.e. the sale of life insurance products by policyholders to third-party investors

Mark Cuban demands that the SEC pay his legal fees

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 4 2009

On November 17, 2008, the Securities and Exchange Commission charged Dallas Mavericks' owner, Mark Cuban, with insider trading

The Eleventh Circuit finds subject matter jurisdiction over “F-Cubed” plaintiffs

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 4 2009

The Eleventh Circuit Court of Appeals has found that the district court has subject matter jurisdiction over securities claims brought by “F-Cubed” plaintiffs i.e., a foreign investors who purchased shares in a foreign company on a foreign stock exchange

White House proposes SEC registration and oversight of private equity, venture capital and hedge fund advisors

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 21 2009

The White House proposed legislation to Congress last week that would require investment advisors to private equity, venture capital and hedge funds with more than $30 million in assets under management to register with the Securities and Exchange Commission (SEC

Court gives preliminary approval to Merrill Lynch's settlement of a subprime-related securities class action

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 18 2009

On August 24, 2009, the US District Court for the Southern District of New York preliminarily approved a $150 million settlement of a subprime-related securities class action pending against Merrill Lynch and several of its directors and officers styled, Louisiana Sheriff's Pension and Relief Fund v. Conway et al