The SEC failed to overturn a directed verdict entered in favor of Engineered Support Systems, Inc. outside director Michael F. Shanahan Jr. in an options backdating case. SEC v. Shanahan Jr., No. 10-1820 (8th Cir. Filed July 19, 2011). The …
Month: July 2011
THIS WEEK IN SECURITIES LITIGATION (July 22, 2011)
Congress reviewed the implementation of Dodd-Frank, hearing testimony from the SEC Chairman and others. The Commission, along with other agencies and the Fed also submitted a report on risk management to Senate and House Committees pursuant to Dodd-Frank. In what …
THIS WEEK IN SECURITIES LITIGATION (July 22, 2011) Read More »
Tagged with: congressional testimony, Dodd Frank, Insider trading, investment fund fraud, Ponzi scheme