Year: 2009

This Week In Securities Litigation (July 10, 2009)

During the last two weeks (last Friday was a holiday), the rejuvenation of SEC Enforcement has continued. Reportedly, the Division is reorganizing, shedding supervisory positions in favor of more front line investigators. The Commission also added derivatives expertise while continuing


The SEC filed a financial fraud case this week which was discovered by work by the outside auditors and the audit committee of the company. SEC v. Wells, Civil Action No. 3:09-CV-01792 (D.S.C. Filed July 8, 2009). The case was