Topic
Securities
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Securities Law Prof Blog
SIFMA’s Campaign Against FPA v. SEC
SIFMA (the trade association previously known as the Securities Industry Association) is putting pressure on the SEC to seek rehearing of FPA v. SEC, the D.C. Circuit's invalidation of the…
Securities Law Prof Blog
Motorola Settles SEC Charges in Connection with Adelphia
On May 8, the SEC settled charges against Motorola, Inc. relating to its involvement in Adelphia's accounting fraud. The Order finds that, in 2001, Motorola, Inc.entered into a round-trip cash …
Securities Law Prof Blog
Morgan Stanley Settles Best Execution Charges
The United States Securities and Exchange Commission today announced settled fraud charges against Morgan Stanley & Co. Incorporated (Morgan Stanley) for its failure to provide best execution to certain retail…
M & A Law Prof Blog
Thomson/Reuters’ Dual Listed Company Structure
Yesterday, Reuters and Thomson issued a press release outlining the terms of a possible $17 billion transaction. The first heading of the press release caught my eye; it stated that…
Securities Law Prof Blog
WSJ Held News of Murdoch Bid
As the regulators and prosecutors investigate the heavy trading in Dow Jones options prior to the public announcement of Murdoch's bid, a key question is who knew about the offer…
Securities Law Prof Blog
SEC Post Information on Audit Independence
Just posted on the SEC website: The Sarbanes-Oxley Act of 2002 mandates that audit committees be directly responsible for the oversight of the engagement of the company's independent auditor, and…
M & A Law Prof Blog
Alcoa’s Canadian Bear Hug
Alcoa today announced that it had delivered a letter from its CEO to the CEO of Alcan, the Canadian aluminum company, notifying it that Alcoa intended to offer to acquire…
The D&O Diary
PwC Releases Its 2006 Securities Litigation Report
Adding its contribution to the previously released studies of NERA (here) and Cornerstone (here), PricewaterhouseCoopers recently released its annual report (here) regarding 2006 securities class action litigation. The PwC report…
M & A Law Prof Blog
Microsoft/Yahoo — Reuters/Thomson?
Two possible big deals in the press today: Microsoft is reportedly interested in buying Yahoo! or parts thereof. Shares of Yahoo were up more than 15% on the news. If…
M & A Law Prof Blog
Harman’s Rub (And the Obsolecence of the Investment Company Act)
It is now a week after Harman International Industries, Inc., the audio equipment maker, announced an agreement to be acquired for $7.8 billion by Kohlberg, Kravis Roberts & Co. and…