Year: 2012

The SEC brought an action against eight fund directors, six of whom were independent and members of the audit committee, alleging that they caused material misstatements in the valuation of fund assets by failing to implement proper standards. The agency …

This Week In Securities Litigation (Week ending December 14, 2012) Read More »

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In Morrison v. National Australia Bank, Ltd., 130 S.Ct. 869 (2010) the Supreme Court circumscribed the reach of Exchange Act Section 10(b), limiting it to the water’s edge. Unless the purchase or sale of the security is made within the …

The Reach of the SEC – The Hong Kong Exchange Read More »

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