Month: October 2007

Court Dismisses Claim Based on Short Sales In Connection With PIPE Offering And Criticizes SEC

On Friday, the SEC lost its first Section 5 claim relating to a PIPE offering when the court granted a defense motion to dismiss.  In SEC v. Mangan, Civil Action No. 3: 06-CV-531 (W.D.N.C. Filed December 28, 2006), the SEC

The Week In Review (October 19-25, 2007): Insider Trading, Insider Trading, Insider Trading

There is more than a renewed emphasis on insider trading, if last week is any indicator. Insider trading is dominating the regulatory landscape, again suggesting that issuers and executives carefully review compliance procedures and trading programs and carefully consider the