The government obtained a conviction against Bruce Karatz, former Chief Executive Officer of KB Home, in its criminal option backdating case. The verdict, however, raises more questions than it resolves. U.S. v. Karatz, Case No. 09-203 (C.D. Cal.). The jury …

THE LINE BETWEEN CRIMINAL AND CIVIL SECURITIES CASES Read More »

The president and owner of financial advisory firm Gryphon Holdings Inc., Kenneth Marsh, and four employees, Baldwin Anderson, Robert Budion, Jeanne Lada and James Levier were arrested and charged with conspiracy to commit securities and wire fraud. U.S. v. Marsh …

SECURITIES FRAUD CHARGES BROUGHT AGAINST ADVISORY FIRM Read More »