Justices hint that SEC claim is time-barred 
By:
Kimberly Atkins
Published: January 9, 2013
Tags: discovery rule, fraud, Securities and Exchange Commission, statute of limitations, U.S. Supreme Court
WASHINGTON – The justices of the U.S. Supreme Court seemed disinclined to allow the Securities and Exchange Commission to file an action for civil penalties nearly a decade after the alleged conduct took place.
New SEC whistleblower data draws mixed reaction
By:
Kimberly Atkins
Published: December 28, 2012
Tags: bounty provisions, Dodd-Frank Wall Street Reform and Consumer Protection Act, Securities and Exchange Commission, whistleblower
WASHINGTON – In its first full year, a federal whistleblower program that boosted the amount of awards to employees and others who report credible information about fraud and other securities violations spurred more than 3,000 tips and resulted in one five-figure payout.
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.
Justices to decide when government penalty action accrues
Published: September 26, 2012
Tags: discovery rule, fraud, Securities and Exchange Commission, statute of limitations
The U.S. Supreme Court will decide when the limitations period applicable to a penalty action brought by the federal government commences to run in the absence of a separate controlling provision enacted by Congress.
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.
Lawyer can discharge securities violation in bankruptcy
Published: September 21, 2011
Tags: attorney fees, Securities and Exchange Commission
A lawyer could discharge in his bankruptcy case a $581,000 disgorgement order relating to federal securities violations, 9th Circuit has ruled in reversing judgment.
Supreme Court nixes shareholders’ 10-b claim
Published: June 13, 2011
Tags: Rule 10-b, Securities and Exchange Commission, securities fraud, Supreme Court
A service management company cannot be liable under Securities and Exchange Commission Rule 10b-5 for alleged securities violations of the mutual funds it sponsors, the U.S. Supreme Court has ruled.
SECURITIES FRAUD
Published: June 13, 2011
Tags: Rule 10-b, Securities and Exchange Commission, securities fraud, Supreme Court
A service management company cannot be liable under Securities and Exchange Commission Rule 10b-5 for alleged securities violations of the mutual funds it sponsors.
See “Supreme Court nixes shareholders’ 10-b claim.”
U.S. Supreme Court. Janus Capital Group v. First Derivative Traders, No. 09-525. June 13, 2011. Lawyers
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SEC announces final whistleblower rules
Published: May 27, 2011
Tags: American Bar Association, Dodd-Frank Wall Street Reform and Consumer Protection Act, Securities and Exchange Commission, U.S. Chamber of Commerce., whistleblower
WASHINGTON – Individuals who provide the Securities and Exchange Commission with credible whistleblower information will receive substantially boosted bounty awards under new rules issued by the agency.
Teachers union didn’t violate ERISA
By:
Pat Murphy
Published: December 21, 2010
Tags: Department of Labor, ERISA, National Education Association, Securities and Exchange Commission
A national teachers union did not violate ERISA by endorsing and aggressively marketing certain tax-sheltered annuities to its members, the 9th Circuit has ruled in affirming a dismissal.
