Month: July 2011

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 …

DISMISSAL OF OPTION BACKDATING CLAIMS AFFIRMED Read More »

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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 »

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