Year: 2010

THIS WEEK IN SECURITIES LITIGATION (April 16, 2010)

On Capital Hill, the debate continues regarding financial reform, as CFTC Chairman Gary Gensler continued to champion new regulation for OTC derivatives. The SEC brought another case in its on-going investigation regarding kickbacks relating to the New York state pension

NO IMPLIED CAUSE OF ACTION UNDER THE ANTI-PYRAMIDING SECTION

A complaint brought by closed end fund Gabelli Global Multimedia Trust, Inc. alleging violations of the anti-pyramiding provisions of the Investment Company Act was dismissed for a lack of standing. The defendants were Arthur Lipson and a group of investment

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