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Results: 1-10 of 22

The U.S. Supreme Court grants certiorari in F-Cubed case

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 22 2009

On November 30, 2009, the United States Supreme Court granted certiorari to hear the appeal of a Second Circuit Court of Appeals decision affirming the dismissal of an "F-Cubed" securities class action -- i.e., a securities class action brought by foreign investors who purchased shares in a foreign company on a foreign stock exchange -- on subject matter jurisdiction grounds

A.I.G. to list American International Assurance on the Hong Kong stock exchange

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 22 2009

According to recent reports in the New York Times and Financial Times, A.I.G. plans to list its Asian life insurance unit, American International Assurance (“A.I.A.”), on the Hong Kong stock exchange by year’s end

Details of House-passed financial regulatory reform legislation

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 14 2009

On Friday, the House passed its 1,200 page package of nine bills to reform the U.S. financial regulatory system by a vote of 223-202

NERA report: SEC settlement trends

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 9 2009

On December 7, 2009, NERA Economic Consulting issued its report titled: "SEC Settlement Trends: 3Q09 Update" (the "NERA Report"

House committee completes action on financial regulatory reform legislation, stage set for floor vote next week

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

The House Financial Services Committee completed its work on a large scale financial regulatory overhaul on Wednesday, when the committee voted to approve the final piece of the Administration’s reform proposal systemic risk legislation

Proposed financial regulation bill would allow investors to sue "aiders and abettors"

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 19 2009

Section 984 of the "Discussion Draft" of the new financial regulation legislation sponsored by Senate Banking Committee Chairman Christoper Dodd (D-Conn) proposes to amend the Private Securities Litigation Reform Act of 1995 ("PSLRA") to allow investors a private right of action to sue "any person that knowingly or recklessly provides substantial assistance to another person in violation of the Securities Exchange Act of 1934."

Two former Bear Stearns hedge fund managers acquitted of criminal fraud charges

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 10 2009

Today, in the first criminal prosecution arising out of the subprime crisis, a jury acquitted two former Bear Stearns hedge fund managers, Matthew Tannin and Ralph Cioffi, of securities, wire and mail fraud

Southern District grants motion to dismiss in F-Cubed securities class action

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 9 2009

On October 5, 2009, the U.S. District Court for the Southern District of New York granted the defendants' motion to dismiss in Cornwell v. Credit Suisse on subject matter jurisdiction grounds

SEC and NAIC take affirmative steps to address corporate disclosures regarding climate change

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 27 2009

On October 2, 2009, as part of the 48th Annual Corporate Counsel Institute held at Northwestern University School of Law, SEC Commissioner Elisse B. Walter gave a speech entitled “SEC Rulemaking ‘Advancing The Law’ To Protect Investors.”

SEC takes interest in life settlements

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 23 2009

SEC Commissioner Mary L. Schapiro indicated on October 22, 2009 that life settlements are an "area of emerging interest" to the SEC