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 …

THIS WEEK IN SECURITIES LITIGATION (April 16, 2010) Read More »

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 …

NO IMPLIED CAUSE OF ACTION UNDER THE ANTI-PYRAMIDING SECTION Read More »