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Results: 1-10 of 28

Heightened pleading standards in securities fraud class actions
  • Foley Hoag LLP
  • USA
  • April 11 2012

The First Circuit Court of Appeals and the District Court of Massachusetts have recently issued opinions in securities fraud class actions that were favorable to the issuer-defendants


Reading tea leaves after the Supreme Court’s Amgen securities litigation decision
  • Foley Hoag LLP
  • USA
  • March 6 2013

On February 27, 2013, the Supreme Court issued its ruling in Amgen Inc. v. Connecticut Retirement Plans and Trust Fund. In the decision, the Court


The Supreme Court holds that the “discovery rule” does not apply to SEC enforcement actions for financial penalties and affirms the dismissal of SEC claims as time-barred
  • Foley Hoag LLP
  • USA
  • March 7 2013

In Gabelli v. SEC, No. 11-1274 (Feb. 27, 2013), a unanimous Supreme Court issued a much anticipated decision on the statute of limitations for civil


Due diligence on human rights? Consider consulting your FPCA counsel
  • Foley Hoag LLP
  • USA
  • February 8 2013

Human rights due diligence requires many of the hallmarks of existing corporate compliance programs: clear policies; assessments of risk; and the


Justice Department seeks increased funding for fraud prevention and enforcement; financial, mortgage and healthcare fraud remain key priorities in FY 2011 budget
  • Foley Hoag LLP
  • USA
  • February 5 2010

Earlier this week, Attorney General Eric Holder announced that the President’s FY 2011 budget request includes a staggering $29.2B for the Justice Department, an increase over the actual FY 2010 budget appropriation of $1.5B in funding and 2,880 positions



Hedge funds join “the CEO’s brother-in-law” as the target of insider trading cases
  • Foley Hoag LLP
  • USA
  • November 9 2009

Insider trading cases often have focused on "the CEO’s brother-in-law" or similarly situated individuals who used a tidbit passed along at Thanksgiving dinner to make a quick and easy personal profit


Both history and recent trends indicate that strong FCPA enforcement likely to continue during economic downturn
  • Foley Hoag LLP
  • USA
  • July 20 2009

History teaches us that corruption and the perception of corruption rises in times of economic hardship, and this lesson has not been lost on the SEC and the DOJ


Goldman Sachs programmer arrested for transfer of top secret source code for Goldman's automated trading system
  • Foley Hoag LLP
  • USA
  • July 9 2009

On July 3, 2009, FBI arrested Sergey Aleynikov, a Goldman Sachs programmer, as he disembarked at Newark airport on charges that he violated the Electronic Espionage Act (18 U.S.C. sec. 1832) when he sent company data to an overseas document server


Supreme Court provides guidance on Section 16(b) statute of limitations
  • Foley Hoag LLP
  • USA
  • April 13 2012

In Credit Suisse Securities LLC v. Simmonds, the Supreme Court recently addressed the timeliness of claims brought against corporate insiders to recover short-swing profits under Section 16(b) of the Securities Exchange Act of 1934