Year: 2011

THIS WEEK IN SECURITIES LITIGATION (August 5, 2011)

The Commission took the unprecedented of dismissing the insider trading action against former Goldman Sach director Rajat Gupta, noting that he challenged the administrative proceeding in district court. The SEC reserved the right to file a federal court action. No

THE EX HUSBAND OF PLAYBOY CEO SETTLES INSIDER TRADING CHARGES

The former husband of Playboy CEO Christie Hefner, attorney William Marovitz, settled insider trading charges with the SEC. The complaint alleges that Mr. Marovitz repeatedly traded in Playboy shares while in possess of inside information that he misappropriated from his

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