Year: 2008

This Week In Securities Litigation (September 19, 2008)

This week, the market crisis continued to dominate all events. The SEC took extraordinary steps to curtail short selling and is considering additional emergency measures which would require large hedge funds and institutional traders to disclose their short positions. To

A New Rule Regarding Naked Short Selling And A Warning to Outside Directors

The SEC issued a rule yesterday regarding naked short selling as part of its efforts to quell the current market turmoil. In addition, the Commission filed a settled option backdating action that should serve as a warning to all outside