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 326

SEC adequately pleads aiding and abetting violations against officer of a vendor that sold goods to a primary violator

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 10 2008

A federal district court in Washington, D.C. has held that the Securities and Exchange Commission adequately pled that the owner of a company that sold certain products to a corporate subsidiary aided and abetted the subsidiary’s violations of the Securities Exchange Act of 1934 by signing and returning audit confirmation letters that he knew, or was reckless in not knowing, were materially false by understating promotional allowances

In rare instance, court grants plaintiff’s summary judgment motion on fraud claim

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 10 2008

A federal district court adopted a U.S. magistrate judge’s recommendation to grant the Securities and Exchange Commission’s motion for summary judgment and to enter an order for a permanent injunction and disgorgement with prejudgment interest against a registered investment adviser as well as its president and 50 owner

FSA publishes feedback on unauthorized trading and market abuse controls

  • Katten Muchin Rosenman LLP
  • -
  • United Kingdom
  • -
  • October 31 2008

On October 30, the UK Financial Services Authority (FSA) published its latest Market Watch newsletter

FinCEN withdraws dated anti-money laundering rule proposals

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 31 2008

On October 30, the Financial Crimes Enforcement Network (FinCEN) withdrew its proposed anti-money laundering rules for investment advisers, unregistered investment companies and commodity trading advisers

Fugitive not entitled to litigate by mail

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 31 2008

The Eastern District of New York denied a motion to dismiss claims asserted against an individual defendant charged with multiple counts of wire fraud and securities fraud arising from his alleged involvement in a scheme to manipulate the stock price of small public companies through fraudulent faxes and press releases

Sale of stock in restaurant did not support federal securities fraud claims

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • November 14 2008

Plaintiffs, the purchasers of all the shares of stock in Chef Vincent, Inc., a corporation created to own, operate and manage Chef Vincent, a restaurant located in Miami, Florida, asserted claims against the defendant-seller under Section 10(b) of the Securities Exchange Act of 1934 (the 1934 Act) and Rule 10(b)-5

FSA calls for international co-ordination to stop boiler rooms

  • Katten Muchin Rosenman LLP
  • -
  • Global, United Kingdom
  • -
  • November 14 2008

On November 10 and 11 the UK Financial Services Authority held its first “anti-boiler room” conference of international regulators and law enforcement agencies

FSA announces two individuals fined for market abuse

  • Katten Muchin Rosenman LLP
  • -
  • United Kingdom
  • -
  • November 14 2008

On November 13, the UK Financial Services Authority announced that it had fined Richard Ralph, former British ambassador to Peru and former executive chairman of AIM-listed mining company, Monterrico Metals Plc (Monterrico), £117,691.41 (approximately $174,000) and Filip Boyen £81,982.95 (approximately $121,500) for market abuse

FinCEN withdraws AML proposal

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • November 7 2008

The U.S. Treasury Department’s Financial Crimes Enforcement Network has withdrawn its proposed rules that would have required the adoption by investment advisers, commodity trading advisors and certain unregistered investment companies of anti-money laundering programs similar to those required of banks, broker-dealers, mutual funds and other industry participants

Eleventh Circuit rules that hedge fund investors’ claims are not derivative

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • November 21 2008

The Eleventh Circuit recently reversed in part and upheld in part a ruling by the United States District Court for the Southern District of Florida dismissing a complaint brought by investors in a hedge fund and a corporation