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Legal News
19 Sep 2005
by James Murdock

[JURIST] Leading Monday's corporations and securities law news, the US Government Accountability Office (GAO) [official website] has released a report urging the Securities and Exchange Commission [official website] (SEC) to improve its oversight of the mutual funds industry. The report [abstract, text] found that though the SEC commits substantial resources … [read more]


Legal News
16 Sep 2005
by James Murdock

[JURIST] Leading Friday's corporations and securities law news, the US Securities and Exchange Commission [official website] has formally set out its plans to alleviate corporate financial strain caused by Hurricane Katrina [JURIST news archive]. In a press release, the agency announced that it will extend various filing deadlines for corporations … [read more]


Legal News
13 Sep 2005
by James Murdock

[JURIST] Leading Tuesday's corporations and securities law news, Washington Superior Court Judge Steven Gonzalez ruled that former Microsoft [corporate website] executive Kai-Fu Lee [Wikipedia profile] can work for Google [corporate website]. The ruling allows Dr. Lee to work for Google China [Google press release] so long as he does not … [read more]


Legal News
12 Sep 2005
by James Murdock

[JURIST] Leading Monday's corporations and securities law news, the Office of Federal Housing Enterprise Oversight (OFHEO) [official website] has announced that it has entered into a consent order with Freddie Mac [corporate website] over the company's multi-billion dollar accounting scandal [Forbes report]. The OFHEO, which maintains government oversight of Freddie … [read more]


Legal News
6 Sep 2005
by James Murdock

[JURIST] Leading Tuesday's corporations and securities law news, executives at DaimlerChrysler [corporate website] have denied that they were involved in insider trading. German media are reporting that DaimlerChrysler's chief spokesman Hartmut Schick and executive board member Ruediger Grube are under investigation for insider trading relating to the surprise resignation of … [read more]


Legal News
2 Sep 2005
by James Murdock

[JURIST] Leading Friday's corporations and securities law news, the US Securities and Exchange Commission [official website] has announced that it will indefinitely extend filing deadlines for businesses in the areas affected by hurricane Katrina. In a press release, the SEC also said that it will work with banks and companies … [read more]


Legal News
1 Sep 2005
by James Murdock

[JURIST] Leading Thursday's corporations and securities law news, US Department of Justice lawyers have accused Bayou Management of fabricating wildly inaccurate financial results for the past seven years. Filing civil charges to freeze the hedge fund's assets, US Attorney David Kelly [official website] said that the company's auditing firm, Richmond-Fairfield … [read more]


Legal News
30 Aug 2005
by James Murdock

[JURIST] Leading Tuesday's corporations and securities law news, the Arizona Attorney General's office [official website] has announced that $101 million it seized earlier this year may belong to failed hedge fund company Bayou Management. The Connecticut Attorney General's office said last week that Bayou may have misplaced $440 million of … [read more]


Legal News
26 Aug 2005
by James Murdock

[JURIST] Leading Friday's corporations and securities law news, US Bankruptcy Judge Eugene Wedoff [official profile] has granted United Airlines [corporate website] an extension to file its final bankruptcy plan. The plan, which was due in September, will now be due November 1st. The judge said the 60-day extension will be … [read more]


Legal News
23 Aug 2005
by James Murdock

[JURIST] Leading Tuesday's corporations and securities law news, Northwest Airlines continued service today, the second full business day of strikes by their mechanics' union. In what some are seeing as a serious blow to organized labor [Reuters report], the airline completed 98% of its scheduled flights, though many have been … [read more]


Legal News
22 Aug 2005
by James Murdock

[JURIST] Leading Monday's corporations and securities law news, the Financial Times is reporting that the US Department of Justice is nearing a settlement with Big Four accounting firm KPMG [FT report]. KPMG has been under investigation for its creation and marketing of illegal tax shelters and in June, KPMG publicly … [read more]


Legal News
17 Aug 2005
by James Murdock

[JURIST] Leading Wednesday's corporations and securities law news, Newsweek is reporting that the New York Stock Exchange may settle with former CEO Richard Grasso [Wikipedia profile] for $25 million. The NYSE is attempting to recoup some of the $187 million compensation package Grasso received from the NYSE when he left … [read more]


Legal News
16 Aug 2005
by James Murdock

[JURIST] Leading Tuesday's corporations and securities law news, JP Morgan Chase [corporate website] has settled with Enron for the bank's role in the accounting fraud that lead to Enron's bankruptcy [JURIST news archive]. In a Tuesday press release [text], JP Morgan said that the bank will pay Enron $350 million … [read more]


Legal News
15 Aug 2005
by James Murdock

[JURIST] Leading Monday's corporations and securities law brief, the New York Stock Exchange says it has censured and fined Merrill Lynch for what it called "supervisory and operational lapses." In a press release, the NYSE indicated it has fined the brokerage giant $10 million for, among other things, failure to … [read more]


Legal News
11 Aug 2005
by James Murdock

[JURIST] Leading Thursday's corporations and securities law brief, former HVB Group [corporate website] executive Domenick DeGiorgio has pleaded guilty to fraud and tax evasion for his role in creating and selling illegal tax shelters for HVB and its customers. Though auditing firm KPMG [corporate website] was not named in the … [read more]


Legal News
10 Aug 2005
by James Murdock

[JURIST] Leading Wednesday's corporation and securities law news, the US Court of Appeals for the District of Columbia Circuit has suspended controversial corporate governance rules for mutual funds promulgated by the Securities and Exchange Commission. The suspension will last until a lawsuit brought by the US Chamber of Commerce [advocacy … [read more]


Legal News
8 Aug 2005
by James Murdock

[JURIST] Leading Monday's corporations and securities law brief, Warren Buffett [Wikipedia profile] company Berkshire Hathaway has revealed that the management company is being investigated by the SEC and the state of New York, among others. In a filing [text] with the SEC, the company said that the government has been … [read more]


Legal News
5 Aug 2005
by James Murdock

[JURIST] Leading Friday's corporations and securities law brief, the Canadian Imperial Bank of Commerce (CIBC) [corporate website] has agreed to pay Enron Corp. [JURIST news archive] $250 million. The payment follows a a $2.4 billion settlement with Enron shareholders [JURIST report] earlier this week. In a press release, CIBC said … [read more]


Legal News
4 Aug 2005
by James Murdock

[JURIST] Leading Thursday's corporations and securities law news, the Sprint-Nextel merger [merger website] has taken a large step towards final approval after the Federal Communications Commission [official website; includes link to press release] and the US Justice Department [official website] signed off on the deal. The merger, which will create … [read more]


Legal News
3 Aug 2005
by James Murdock

[JURIST] Leading Wednesday's corporations and securities law news, Christopher Cox [Wikipedia profile] was sworn in as the chairman of the Securities and Exchange Commission [official website]. Cox, who became the 28th chairman of the SEC, took the oath of office from Federal Reserve Chairman Alan Greenspan. The SEC said in … [read more]


Legal News
2 Aug 2005
by James Murdock

[JURIST] Leading Tuesday's corporations and securities law news, a federal appeals court has upheld a lower court decision against Canadian Research in Motion Ltd. [corporate website], the company that produces the popular BlackBerry [product website] e-mail pagers. The US Court of Appeals for the Federal Circuit held [opinion, PDF] that … [read more]


Legal News
29 Jul 2005
by James Murdock

[JURIST] Leading Friday's corporations and securities law news, the UK's Competition Commission [official website] has concluded that takeover bids from Euronext [corporate website] and Deutsche Boerse [corporate website] for the London Stock Exchange (LSE) [corporate website] would negatively affect competition. In its report, the commission said that either company would … [read more]


Legal News
28 Jul 2005
by James Murdock

[JURIST] Leading Thursday's corporations and securities law news, the US Senate Banking Committee [official website] has approved Rep. Christopher Cox [Wikipedia profile]'s nomination to head the Securities and Exchange Commission (SEC) [official website]. The nomination will now go before the full Senate for final approval. The approval followed days of … [read more]


Legal News
27 Jul 2005
by James Murdock

[JURIST] Leading Wednesday's corporations and securities law news, the New York Stock Exchange (NYSE) [corporate website] has announced that the SEC approved a new rule requiring firms to better inform clients about non-managed fee-based accounts (NMFBA). NYSE Rule 405(A) forces all companies traded on the NYSE to provide clients with … [read more]


Legal News
26 Jul 2005
by James Murdock

[JURIST] Leading Tuesday's corporations and securities law news, President Bush's nominee to head the SEC, Rep. Christopher Cox [congressional profile], told the Senate Banking Committee [official website] Tuesday that he would vigorously enforce securities laws. Cox also pledged to enforce the controversial Financial Accounting Standards Board [official website] (FASB) rule … [read more]

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