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Results: 1-10 of 465

Effects of the Cuban decision on the misappropriation theory of insider trading
  • Katten Muchin Rosenman LLP
  • USA
  • August 5 2009

On July 17, a federal district court in Dallas dismissed the complaint of the Securities Exchange Commission in SEC v. Cuban, 3:08-cv-02050-D, 2009 WL 2096166 (N.D.Tex July 17, 2009), a case in which the court addressed the misappropriation theory of insider trading liability


“Fraud on the market” presumption requires showing of loss causation
  • Katten Muchin Rosenman LLP
  • USA
  • May 25 2007

Plaintiffs, common stock investors in Allegiance, a national telecommunications provider, brought a securities fraud class action lawsuit under section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 alleging that former Allegiance executives fraudulently misrepresented information about the company’s operations, which resulted in a drop in the company’s stock price when a corrective disclosure was ultimately made


Securities fraud claim for failure to plead loss causation dismissed
  • Katten Muchin Rosenman LLP
  • USA
  • June 1 2007

Granting the defendants’ motion to dismiss the plaintiff’s securities fraud class action claim, a federal district court held that the plaintiffs failed to adequately plead loss causation because their shares in the defendants’ company lost value before, not after, the truth regarding the defendants’ purported misrepresentations was publicly disclosed


SEC extends and modifies relief for broker-dealers regarding reliance on advisers for AML obligations
  • Katten Muchin Rosenman LLP
  • USA
  • January 28 2011

In a no-action letter issued on January 11 (2011 Letter), the Securities and Exchange Commission's Division of Trading and Markets extended and modified no-action relief it had previously granted allowing broker-dealers to rely on SEC-registered investment advisers to perform some or all of the broker-dealers' anti-money laundering (AML) customer identification program (CIP) obligations


SDNY favors the SEC in Foreign Corrupt Practices Act action involving novel issues of statutory interpretation
  • Katten Muchin Rosenman LLP
  • USA
  • February 22 2013

In a case addressing an issue of first impression involving the Foreign Corrupt Practices Act (FCPA), the US District Court for the Southern District


SDNY finds lack of personal jurisdiction in Foreign Corrupt Practices Act claim
  • Katten Muchin Rosenman LLP
  • USA
  • February 22 2013

The US District Court for the Southern District of New York recently addressed whether the Foreign Corrupt Practices Act (FCPA) could reach a foreign


District Court finds that Securities Exchange Act covers stock “float” manipulation
  • Katten Muchin Rosenman LLP
  • USA
  • February 1 2013

In a self-described "precedent-setting" order, the US District Court for the Eastern District of Pennsylvania recently found that the Securities


SEC announces three new anti-fraud enforcement initiatives
  • Katten Muchin Rosenman LLP
  • USA
  • July 12 2013

On July 2, the Securities and Exchange Commission announced three new initiatives in the Division of Enforcement (the "Division") focused on the


2012 trends in securities class action filings
  • Katten Muchin Rosenman LLP
  • USA
  • January 25 2013

On January 23, Cornerstone Research and Stanford Law School's Securities Class Action Clearinghouse released their "2012 Year in Review" report


Southern District of New York limits Dodd-Frank whistleblower protections to the United States
  • Katten Muchin Rosenman LLP
  • USA
  • October 25 2013

The US District Court for the Southern District of New York limited the scope of the Dodd-Frank Wall Street Reform and Consumer Protection Act