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Results: 11-20 of 751

Treasury consultation on draft money laundering regulations
  • Katten Muchin Rosenman LLP
  • United Kingdom
  • January 26 2007

The UK Treasury published a second consultation document on its draft Money Laundering Regulations 2007 (designed to implement the European Union’s Third Money Laundering Directive) on January 22


Issue of fact regarding scienter prevented grant of summary judgment to defendants
  • Katten Muchin Rosenman LLP
  • USA
  • September 7 2007

The District Court denied in part a motion for summary judgment in which defendants (a public company and individual officers and directors) in a class action lawsuit challenged the plaintiffs’ ability to demonstrate that defendants acted with the requisite scienter to support its claims under Section 10(b) of the Securities Exchange Act of 1934


Application of the correspondent account rule to OTC executing dealers
  • Katten Muchin Rosenman LLP
  • USA
  • September 7 2007

The Financial Crimes Enforcement Network (FinCEN) has issued interpretive guidance to clarify the due diligence obligations of executing dealers in over-the-counter foreign exchange and derivatives markets pursuant to prime brokerage arrangements under the correspondent account provisions of the USA PATRIOT Act


SEC focuses on “free lunch” seminars
  • Katten Muchin Rosenman LLP
  • USA
  • September 14 2007

On September 10, the Securities and Exchange Commission released a joint report summarizing the results of regulatory examinations of “free lunch” investment seminars for senior citizens


Securities fraud claim dismissed
  • Katten Muchin Rosenman LLP
  • USA
  • May 2 2008

A United States District Court entered judgment in favor of a company’s chairman and CEO and dismissed a shareholder’s claims under Section 10(b) of the Securities Exchange Act and Rule 10b-5


Complaint dismissed for failure to plead securities fraud with particularity
  • Katten Muchin Rosenman LLP
  • USA
  • September 28 2007

A Texas district court dismissed a securities fraud class action for failure to meet the pleading requirements of the Private Securities Litigation Reform Act


Third Circuit Court of Appeals affirms dismissal of securities fraud claim
  • Katten Muchin Rosenman LLP
  • USA
  • September 21 2007

Affirming the District Court’s decision to grant defendants’ motion to dismiss plaintiffs’ securities fraud claims, the Third Circuit Court of Appeals held that plaintiffs did not meet the heightened pleading standards of the Private Securities Litigation Reform Act (PSLRA) because they failed to allege specific facts demonstrating that defendants acted with scienter, i.e., by setting forth facts showing either (i) motive and opportunity to commit fraud, or (ii) strong circumstantial evidence of conscious misbehavior or recklessness


FSA shuts down boiler room scams
  • Katten Muchin Rosenman LLP
  • United Kingdom
  • September 28 2007

On September 25, the UK Financial Services Authority (FSA) announced that two UK-based firms have been placed into liquidation by the UK High Court following the FSA’s intervention


Securities fraud claim based upon forward-looking statements dismissed
  • Katten Muchin Rosenman LLP
  • USA
  • May 9 2008

A United States district court dismissed a shareholder class action alleging that a company and certain of its officers violated Section 10(b) of the Securities Exchange Act and Rule 10b-5 by making false statements during an analysts’ call assuring investors that they could expect continued growth in the upcoming quarter


Plaintiffs denied summary judgment in securities fraud action
  • Katten Muchin Rosenman LLP
  • USA
  • May 9 2008

The United States District Court for the Southern District of New York granted in part and denied in part plaintiffs’ motion for partial summary judgment in an action against a company and certain of its former officers, for, among other things, claims under Section 10(b) of the Securities Exchange Act and Rule 10b-5