Year: 2009

This Week In Securities Litigation (April 3, 2009)

This week, PWC published a study detailing trends in securities litigation. The SEC: settled with three more defendants in the “Merrill Lynch/Business Week”/insider trading case; filed a settled options backdating case; and brought another Ponzi scheme action. In private securities

What Does Cooperation Earn?

What does a company earn for cooperation with the SEC? To be sure, being a good corporate citizen implies that the company should assist the SEC in rooting out and preventing wrong-doing. Cooperation, as defined by the SEC however, typically