Month: November 2012

This Week In Securities Litigation (Week ending November 30, 2012)

This week SEC Chairman Mary Schapiro announced her resignation, effective December 14, 2012. Commissioner Walter was designated as Chairman, effective after Ms. Schapiro’s departure. Ms. Walter has indicated she will only remain as a member of the Commission for a

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SEC Files Settled Asset Valuation Action

The SEC brought its first case centered on FAS 157, Fair Value Measurements. The provision requires expanded disclosures about fair value measurements. Essentially, it directs that assets be fair valued based on what is called an “exit price,” that is,

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