Year: 2008

This Week In Securities Litigation (August 8, 2008)

This week, Cornerstone Research reported that the number of securities cases filed in the first half of this year increased. The SEC announced a significant tentative settlement in its auction rate securities investigation of Citigroup, while concluding its three-year litigation

Two Financial Cases: More Questions about the SEC’s Enforcement Program

Two settled books and records cases filed by the SEC on Tuesday raise significant questions about the Commission’s enforcement program. Both are based on years-old conduct, an issue discussed here. One raises significant questions about prosecutorial discretion and why the