Month: August 2011

The SEC prevailed in the Second Circuit Court of Appeals, securing the reversal of an order dismissing its claims against the portfolio manager of a mutual fund and the chief operating officer of the fund’s investment adviser. SEC v. Gabelli, …

THE SEC WINS REVERSAL IN THE SECOND CIRCUIT Read More »

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The Sixth Circuit drew the line between auction rate securities suits which survive a motion to dismiss and those which must fail in Ashland, Inc. v. Oppenheimer & Co., no. 10-5305 (6th Cir. July 28, 2011). This is one of …

DEFINING WHAT CONSTITUTES A SUFFICENT ARS CLAIM Read More »