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Results: 1-10 of 439

Hedge fund manager sanctioned for defrauding investors by hiding Madoff losses and theft

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 12 2014

A federal judge ordered Nikolai Battoo and two companies he controlled, BC Capital Group S.A. (Panama) and BC Capital Group (Hong Kong) Limited, to

Fifth Circuit holds multiple disclosures establish loss causation in securities action

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 10 2014

The US Court of Appeals for the Fifth Circuit recently held that multiple partial “corrective” disclosures collectively may satisfy the requirements

District court dismisses securities class action for failure to show causal connection

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 10 2014

The US District Court for the Southern District of New York recently dismissed a securities class action against a battery manufacturer, finding that

New York jury acquits former hedge fund manager of insider trading conspiracy

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • July 11 2014

In the first case of approximately 81 insider cases that the S.D.N.Y. has successfully brought alleging insider trading, a New York federal jury

Ninth Circuit affirms jury verdict in options backdating enforcement action

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • May 25 2012

The U.S. Court of Appeals for the Ninth Circuit affirmed a jury verdict against Carl Jasper, the chief financial officer of Maxim Integrated Products, Inc., that held him liable for the violations of several securities laws stemming from the improper accounting of backdated options

Court dismisses derivative suit for failure to plead “demand futility”

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • January 11 2008

A shareholder derivative suit alleging that a majority of the Board of Directors of Aspen Technologies (Aspen) abdicated their fiduciary duty by awarding backdated stock options was dismissed because the plaintiff failed to adequately plead “demand futility,” i.e., that plaintiff was excused from demanding that the Board assert the backdating claim because, under the circumstances, making such a demand would have been futile

SEC brings lawsuit against former Carter’s executive for insider trading and tipping

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 14 2014

On March 7, the Securities and Exchange Commission filed a complaint in the US District Court for the Northern District of Georgia against Richard

Second Circuit holds contractual forum selection clause supersedes FINRA mandatory arbitration rule

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 29 2014

On August 21, the US Court of Appeals for the Second Circuit decided two closely watched appeals regarding the intersection of Financial Industry

Southern District of New York dismisses complaint against Madoff-invested fund

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 9 2013

The US District Court for the Southern District of New York dismissed a complaint against J. Ezra Merkin and Gabriel Capital Corporation (together

Third tier civil penalty imposed for violations of securities laws

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • July 31 2009

The U.S. District Court for the District of Minnesota imposed a third tier civil penalty against defendants Sherwin Brown and Jamerica Financial, Inc., who were found to have violated Section 17(a) of the Securities Act of 1933, Section 10(b)(5) of the Securities Exchange Act of 1934, and the Investment Advisors Act of 1940