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 431

Attendance at executive committee meetings insufficient to satisfy group pleading doctrine

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 22 2010

The U.S. District Court for the Southern District of New York recently granted defendants’ motions to dismiss a consolidated class action asserting claims for securities fraud in violation of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 brought by shareholders of Celestica, Inc., a Canadian electronics corporation, against the company and its former officers, as well as against Onex Corporation, the largest controlling shareholder of Celestica, and Onex’s CEO (together, the Onex defendants) based on, among other things, the plaintiffs’ failure to plead fraud with the specificity required by Rule 9(b) of the Federal Rules of Civil Procedure

No rescission of investment contract absent finding of fraud

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 5 2009

Plaintiffs sued an individual defendant in whose company they had invested, alleging violations of the Securities Exchange Act of 1934, breach of the investment contract, and common law fraud based upon defendant’s failure to disclose ongoing litigation at the time plaintiffs purchased their stock from the defendant for $1,050,000

Broker deal: New York Court of Appeals holds notes are a UCC security

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 6 2007

Norton McNaughton, Inc. bought two companies from four family member shareholders. Part of the consideration was eight subordinated promissory notes as to which, upon default, the payee could elect to receive cash or stock

Court orders all profits of Ponzi scheme disgorged

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 5 2009

The Securities and Exchange Commission sued individual and corporate defendants for violations of Sections 5 and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, arising from defendants’ sale of securities to finance the production of various entertainment projects

Second Circuit holds mandatory broker dealer arbitration not available to non-customer

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • May 30 2014

On May 15, the US Court of Appeals for the Second Circuit issued a summary order in a closely watched case regarding the circumstances in which a

Trading evidence barred from Rengan Rajaratnam trial

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 13 2014

On June 10, a New York federal judge barred the government from introducing evidence of defendant Rajarengan "Rengan" Rajaratnam's trading activities

District Court reaffirms Rule 10b5-1 standard and denies motion to dismiss insider trading charges

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • July 25 2014

The US District Court for the Northern District of Illinois denied a motion to dismiss a 16-count indictment for insider trading, finding the

Court denies motion to dismiss claims against “winners” of Ponzi scheme

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • May 29 2009

The receiver of a collapsed Ponzi scheme orchestrated and maintained by Val Edmund Southwick brought an action for fraudulent transfer and unjust enrichment against two consultants to Mr. Southwick’s organizations who allegedly received millions of dollars in consulting fees during the period in which he operated the Ponzi scheme

No action letter granted for a centralized trade manager system

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • January 12 2007

The Securities and Exchange Commission staff has granted no-action relief under the trade confirmation rule (Securities Exchange Act of 1934 Rule 10b-10) and the investment adviser recordkeeping rule relative to trades for customers (Investment Adviser Act of 1940 Rule 204-2(b)(3)) to Omgeo LLC Omgeo Central Trade Manager (Omgeo CTM) provides investment advisers with transaction information through a browser inquiry function in a form that can be viewed in three or fewer computer screens or through an electronic message from Omgeo CTM that contains all of the required Rule l0b-10 information, and that can be downloaded and printed

Court denies motion to dismiss securities fraud claims

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 15 2007

A securities fraud action was brought on behalf of all persons who purchased or acquired the common stock of Jarden Corp., a consumer products company, between June 29, 2005 and January 11, 2006