SEC enforcement action time-barred, justices rule 
Published: February 27, 2013
Tags: aiding and abetting, discovery rule, SEC, securities, U.S. Supreme Court
The discovery rule did not apply to extend the time frame for the Securities and Exchange Commission to bring an enforcement action against those who allegedly aided and abetted investment adviser fraud, a unanimous U.S. Supreme Court has ruled.
Court rejects materiality requirement for securities class certification
Published: February 27, 2013
Tags: class action, fraud on the market, materiality, SEC, securities, U.S. Supreme Court
A securities fraud plaintiff was not required to submit proof of materiality in order to obtain class certification, the U.S. Supreme Court has ruled 6-3.
Whistleblower can proceed under Dodd-Frank Act
Published: October 10, 2012
Tags: Dodd-Frank Act, retaliation, SEC, Securities and Exchange Commission, whistleblower
A corporate employee who was allegedly fired for reporting that his supervisors were violating the company’s pension plan could sue for retaliation under the Dodd-Frank Act, even if he didn’t make disclosures in the form ordinarily required by the Securities and Exchange Commission, a U.S. District Court in Connecticut has ruled in denying a motion to dismiss.
Pfizer settles nearly half of Prempro claims, adds to reserve
Published: December 29, 2011
Tags: hormone replacement therapy, Prempro, product liability, SEC, Securities and Exchange Commission
Drug maker Pfizer and its affiliates have settled nearly half of the product liability claims involving the hormone-replacement therapy drugs Prempro, Premarin and Provera, according to a regulatory filing.
Blowing the whistle on new SEC whistleblower rules
By:
Kimberly Atkins
Published: August 22, 2011
Tags: bounty provisions, Dodd-Frank Wall Street Reform and Consumer Protection Act, Employment Law, SEC, securitiesfraud, whistleblower
According to many employment and litigation defense attorneys, the new whistleblower and bounty provisions of the Dodd-Frank Wall Street Reform Act are turning employees into potential adversaries.
Justices ponder if whiff of a problem equals securities fraud
By:
Kimberly Atkins
Published: January 10, 2011
Tags: FDA, Matrixx Initiatives, product liability, SEC, securities fraud, Supreme Court
ASHINGTON – During lively oral arguments in a case that could have implications far beyond the securities fraud sphere, the justices of the U.S. Supreme Court tried to determine just what constitutes material information that should be disclosed to shareholders.
Former SEC lawyer targets financial fraud
By:
Sylvia Hsieh
Published: December 29, 2009
Tags: fraud, profile, SEC
He went from being The Enforcer to The Cleaner.
Walter Mathews, a former Securities and Exchange Commission enforcement attorney, now runs a small law firm dedicated to cleaning up financial fraud in South Florida.
