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News and Press Releases |
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HEADLINES ARCHIVED 2003
Funds Were Mutual, Sharing Of Data Wasn't
By: Reed Abelson. NYTimes.com, December 12, 2003
UK Investors Demand Votes In US Institutions Call On SEC To Bring American Corporate Governance Standards In Line With Britain
By: Damian Reece. Independent.co.uk, December 12, 2003
SEC To Accept Reed's NYSE Governance Plan Next Week, People Say
Bloomberg.com, December 11, 2003
Closed Fees Come Under The Spotlight
By: Ellen Kelleher. FinancialTimes.com, December 11, 2003
SEC Urged To Address Electronic Market Risk --- Agency Is Being Pressured After Glitch On Nasdaq Caused Losses For Investors
By: Craig Karmin and Kate Kelly. The Wall Street Journal, December 10, 2003
Help Wanted: Board Directors
By: Aude Lagorce. Forbes.com, December 9, 2003
The CEO Blues
By: Jeffrey Sonnenfeld. The Wall Street Journal, December 9, 2003
Getting A Refund After The Scandal: Gauging The Odds
By: Riva D. Atlas. NYTimes.com, December 7, 2003
Senator May Bar Pension Relief Sought By Business
By: Susan Cornwell. Reuters, December 5, 2003
Wall St. Firms May Have Broken IPO Rules-Documents
By: Chris Sanders. Forbes.com, December 4, 2003
Our Ethical Erosion
By: Arthur Levitt Jr. and Richard C. Breeden. The Wall Street Journal, December 3, 2003
Trade Group Faults NYSE Overhaul --- Mutual-Fund Organ ICI Wants To See Board Seats Earmarked For Big Investors
By: Gaston F. Ceron. The Wall Street Journal, December 3, 2003
Nasdaq Pushes On Split-Penny Issue
By: Gaston F. Ceron. The Wall Street Journal, December 3, 2003
SEC Mutual Fund Proposals Criticized As Not Enough
By: Mark Wilkinson. Forbes.com, December 3, 2003
Companies Look Harder, Find More Fraud -- Internal Controls, Audits Supplant ''notification by employees.''
By: Stephen Taub. CFO.com, December 2, 2003
Survey Reveals Misinformed Investors
NYTimes.com, December 2, 2003
Ten Things Still Wrong With Accounting
By: Elizabeth MacDonald. Forbes.com, December 2, 2003
Lawyers Unleash Mutual Fund Suits; 27 Firms File Against 10 Funds; Some Experts See $1 Billion In Payouts
By: Aaron Elstein. Crain's New York Business, December 1, 2003
Victims To Get Bill For Fund-Abuse Fixes
By: Jon Chesto. BostonHerald.com, December 1, 2003
Tainted Trading Could Knock Out Funds, Expert Claims
By: Tony Chapelle. Securities Data Publishing, December 1, 2003
How Is Your Fund Manager Getting Paid?
By: Russel Kinnel. SeattleTimes.com, November 30, 2003
US Board Requires More Pension Data To Be Revealed
Forbes.com, November 26, 2003
Pension Fund Relief Plan Fails To Clear The Senate
By: Mary Williams Walsh. NYTimes.com, November 26, 2003
Reconsidering Initial Public Offerings
By: Floyd Norris. NYTimes.com, November 25, 2003
Don't Ask, Don't Tell
By: David A. Nadler. The Wall Street Journal, November 25, 2003
Small Biz Feels Overlooked By Accounting Board
By: Kent Hoover. Charlotte Business Journal, November 24, 2003
Accountants Must Put Investors First
By: Arthur Levitt. FinancialTimes.com, November 24, 2003
Directors' Lapses Played Role In Funds Scandal
By: Rachel Beck. Seattle Post-Intelligencer, November 24, 2003
Fund Scandal Puts College Saving Plans On Alert
By: John Kimelman. NYTimes.com, November 23, 2003
US Market Timing Abuses Seen As Systemic
By: Simon Targett. FinancialTimes.com, November 23, 2003
A New Reality In Securities Litigation
By: Carol A.N. Zacharias. National Underwriter Property & Casualty-Risk & Benefits Management Edition. November 21, 2003
Big Board Overhaul Plan Faulted
By: Stephen Labaton. The New York Times, November 21, 2003
Small Companies Quit Stock Market To Go Private
By: Lauren Weber - Reuters. Forbes, November 21, 2003
Solve The Mutual Fund Mess: Get Naked
By: Dan Ackman. Forbes.com, November 21, 2003
A Band-Aid For The Fund Industry's Broken Leg?
By: Diana B. Henriques. NYTimes.com, November 21, 2003
Sen. Shelby Wants Thorough Review Of NYSE Plan
Forbes.com, November 20, 2003
Donaldson: SEC's Priority Is Reforming Mutual Fund Industry
By: Lynn Hume. The Bond Buyer, November 19, 2003, Wednesday
U.S. Senators Offer Option Expensing For Top Execs
By: Susan Cornwall - Retuers. Forbes.com, November 19, 2003
Investor Protection To Be SEC Priority
By: Adrian Michaels and Joshua Chaffin. FinancialTimes.com, November 18, 2003
In-House Counsel - Mutual Funds - Securities Lawyers Are Swamped - Investigations Have Lead To An Abundance Of Work For Top Counsel
By: Sue Reisinger. The National Law Journal, November 17, 2003
He's The Go-To Guy For Fund Investigators
By: Diana B. Henriques. NYTimes.com, November 16, 2003
S.E.C.'s Oversight Of Mutual Funds Is Said To Be Lax
By: Stephen Labaton. NewYorkTimes.com, November 16, 2003
How Mutual Funds Stole Your Money
By: John D. Markman. MSN.com, November 13, 2003
'The American Way' Is A Work In Progress
By: David Wessel. The Wall Street Journal, November 13, 2003
N.Y.S.E. Chief Suggests Fund To Cover Losses
By: Landon Thomas Jr. The New York Times, November 12, 2003
Mutual Fund Shareholders To Get More Info
By: Staff Writer - The Associated Press. NYTimes.com, November 12, 2003
A Lawsuit On Public Offerings Shines A Spotlight On A Dispute Between The S.E.C. And The Justice Dept.
By: Floyd Norris. The New York Times, November 11, 2003
IPO Market Comes Back To Life - Deal Pipeline Is Crowded, But Most Investors Still Can't Get Shares; Queuing Up For Orbitz
By: Rachel Emma Silverman. The Wall Street Journal, November 11, 2003
Family, Inc. Surprise! One-Third Of The S&P 500 Companies Have Founding Families Involved In Management. And Those Are Usually The Best Performers
By: Joseph Weber in Chicago and Louis Lavelle in New York, with Tom Lowry in New York, Wendy Zellner in Dallas, Amy Barrett in Philadelphia, and bureau reports. BusinessWeek, November 10, 2003
Sec Chief Says Give Nyse Chance To Police Floor
By: Susanne Craig and Gaston F. Ceron. The
Wall Street Journal, November 10, 2003
Despite Scandals, Reason To Hope
By: Dan Gillmor. San Jose Mercury News,
November 9, 2003
It's 4 P.M.: How Much Is Your Fund Worth?
By: Bruce G. McWilliams. NYTimes.com, November
9, 2003
Lifting
The Lid: Spotting Accounting Red Flags Made Easier
By: Daniel Sorid. Forbes.com, October 31, 2003
Corporate
Governance (A Special Report) --- Opening The Board: The Fight
Is On To Determine Who Will Guide The Selection Of Directors
In The Future
By: Daniel Nasaw. The Wall Street Journal Europe,
October 31, 2003
NYSE
to Give Specialist Firms Data in Inquiry
By: Kate Kelly and Susanne Craig. The Wall Street
Journal, October 30, 2003
Merge
With Care
By: Matt Kelly. Austin Business Journal, October
29, 2003
Eurex
Bid To Establish US Exchange Attracts Scrutiny In Washington
By: Jeremy Grant in Chicago. FinancialTimes.com,
October 28, 2003
Corporate
Governance (A Special Report) --- Opening The Board: The Fight
Is On To Determine Who Will Guide The Selection Of Directors
In The Future
By: Daniel Nasaw. The Wall Street Journal, October
27, 2003
END
RUN AT ENRON; Why The Country's Most Notorious Executives May
Never Face Criminal Charges
By: Jeffrey Toobin. The New Yorker, October 27,
2003
Audit Firms Still Likely To Bend The Rules, Study Says
By: Colleen Creamer. NashvilleCityPaper.com, October
27, 2003
As
Silicon Valley Reboots, The Geeks Take Charge
By: Steve Lohr. NYTimes.com, October 26, 2003
401(K)'S Are Grand, For Fund Companies Anyhow
By: Gretchen Morgenson. NYTimes.com, October 26,
2003
Not-So-Special Charges; In Spite Of Regulators' Efforts, Corporations
Continue To Push Huge Expenses Into The Background, Encouraging
Investors To Focus On Operating Results
By: Andrew Countryman. Chicago Tribune, October
26, 2003
Corporate Governance
- The Real Big Board Scandal
Forbes.com, October 24, 2003
SEC Probe
Targets Fund Executives
By: Adrian Michaels and Ellen Kelleher. FinancialTimes.com,
October 24, 2003
Rules To Offend Everyone
By: Floyd Norris. NYTimes.com, October 23, 2003
New Panel Proposed
To Guide World Audit Rulemaking
Forbes.com, October 22, 2003
Execs At Risk For
Past Stock Deals
By: Craig Linder. The American Banker, October
22, 2003
Price For Seat On
Big Board Falls On Frets About Future
By: Floyd Norris. NYTimes.com, October 22, 2003
Regulatory Rat's Nest
Still Needs Cleaning
By: John Dizard. Financial Times (London,England),
October 20, 2003
The Post-Enron 401(k)
By: Ari Weinberg. Forbes.com, October 20, 2003
CEO De-Richment
CSMonitor.com, October 20, 2003
Sarbanes-Oxley: Dragon
Or White Knight?
By: Del Jones. USAToday.com, October 19, 2003
D&O Insurance Still
Available - And More Critical Than Ever
By: Susan M. Mannel. The American Banker, October
17, 2003
Can Exchanges Regulate
Themselves As Rivalry Grows?
By: Floyd Norris. NYTimes.com, October 17, 2003
A Thirties Revelation:
Rich People Who Steal Are Criminals, Too
By: Cynthia Crossen. Associated Press, October
16, 2003
SEC To NYSE: Practice
What You Preach - Exchange Must At Least ''Match The Standards''
It Demands From Listed Companies
By: Stephen Taub. CFO.com, October 16, 2003
Market Watchdogs Sign
Global Anti-Abuse Pact
Reuters, October 16, 2003
SEC Exempts Two Reports
From CEO & CFO Certification
AccountingWeb.com, October 16, 2003
Big Board Plans Fines
For Specialists
By: Floyd Norris and Landon Thomas Jr. NYTimes.com,
October 16, 2003
The Private Sector:
It's The Feds! / Companies Should Prepare To Either Cooperate
With Securities Regulators Or Mount An Aggressive Defense
By: Briar L. McNutt. Post-Gazette.com, October
14, 2003
Why the Secrecy
About Financial Covenants?
By: Gretchen Morgenson. NYTimes.com, October 12,
2003
CEOs Split On Corporate
Governance Rules
By: Andrew Parker. FinancialTimes.com, October
12, 2003
Big Board Ponders
Pay Disclosures
By: Landon Thomas, Jr. NYTimes.com, October 10,
2003
A Plan To Lift Shareholder
Influence
By: Floyd Norris. NYTimes.com, October 9, 2003
PCAOB Airs Proposal
For Sarbox Sec. 404 - New Standard Would Provide Guidelines
For Audits Of Internal Control Over Financial Reporting…
By: Stephen Taub. CFO.com, October 9, 2003
3 Companies Finance
Accounting Think Tank
Reuters, October 7, 2003
Trading Without NYSE
Specialists
By: Leslie Wines. Forbes.com, October 7, 2003
U.S. Audit Board Clears
Inspection Rules
Forbes.com, October 7, 2003
Shareholder Reforms
Fall Short, Say Treasurers - "Inimical To Good Governance,''
Says One
By: Stephen Taub. CFO.com, October 6, 2003
As Tech Takes Off, So
Does Anxiety
By: Paul J. Lim. NYTimes.com, October 5, 2003
Boom Trials - The Current
High-Profile Courtroom Dramas Beg The Question: Will Prosecutions
Of White-Collar Crimes Change The System?
By: Carolyn Said. SFChronicle.com, October 5,
2003
Lopsided 401(k)'s,
All Too Common
By: Gretchen Morgenson. NYTimes.com, October 5,
2003
Big Pension Funds
Object To Proposal On Proxy Rules
By: Stephen Labaton. NYTimes.com, October 3, 2003
Reed: NYSE Will
Stay Whole
By: Susan Harrigan. NYNewsday.com, October 3,
2003
Federal Court Headed
For Paperless Filing System
Melissa Nann. Law.com, October 2, 2003
US Companies Warn
SEC Over Reforms
By: Adrian Michaels. FinancialTimes.com, October
2, 2003
Corporate Directors
Urged To Protect Shareholders Better - Conference Attendees
Told To Stop Excuses, Put Pressure On Top Brass
By: Kathleen Gallagher. Milwaukee JournalSentinel.com,
October 2, 2003
Speculation Insurance?
By: David M. Brodsky and Jeff G. Hammel. The Daily
Deal, October 1, 2003
Senators Challenge
SEC Inactivity - Want 'Up, Going' Regulatory Action
By: Marcy Gordon. AZCentral.com, October 1, 2003
S.E.C. To Revise
Election Rules For Directors
By: Stephen Labaton. NYTimes.com, October 1, 2003
SEC Denies Nasdaq Request
For Trading Rule Review
Forbes.com, October 1, 2003
SEC Sets Vote On
Shareholder Proxy Access Proposal
By: Kevin Drawbaugh. Forbes.com, October 1, 2003
SEC Taking Sweet Time
To Hire New Enforcers As Critics Watch
By: Marcy Gordon. HoustonChronicle.com, September
27, 2003
Appetite For D&O
Starts To Grow Again Despite Threat Of US Suits
By: Stuart Collins. Insurance Day, September 26,
2003
US SEC's Donaldson
Faces Major Test Over Funds, NYSE
By: Keving Drawbaugh. Forbes.com, September 26,
2003
Growing S.E.C. Role
In Big Board Reform
By: Stephen Labaton. NYTimes.com, September 26,
2003
As More Exchanges
Go Public, Pay Draws Scrutiny
By: Jonathan Fuerbringer. NYTimes.com, September
24, 2003
Congress Panel To Hold
Market Structure Hearings
Forbes.com, September 24, 2003
Big Board's Delusions
Of Grandeur
By: Dan Ackman. Forbes.com, September 22, 2003
Stock Exchange Names
Ex-Banker Its Interim Chief
By: Landon Thomas Jr. NYTimes.com, September 22,
2003
Big Board Is Far
From Forefront When It Comes To Policing
By: Gretchen Morgenson. NYTimes.com, September
22, 2003
Quick: What's The
Boss Making?
By: Patrick McGeehan. NYTimes.com, September 21,
2003
Courts Turn
Up Corporate Heat -- Recent Judicial Developments Impacting
Corporate Governance And Director Liability
By: Robert Reder and Scott Edelman. The Corporate
Counsellor, Vol. 18, No. 4, Pg. 1, September 12, 2003
Who's Winning
With Sarbanes-Oxley?
By: Dwight Klingenberg. Nashville Business Journal,
September 11, 2003
Wall Street
Draws SEC Warning - Firms Told To Change Practices To Halt Conflicts
Of Interest
By: Brooke A. Masters and Martha McNeil Hamilton.
Washingtonpost.com, September 10, 2003
RD Legal Funding Web
Site Generates Record $2.5 MM Legal Fee Financing Of California
Class Action Law Firm
PR Newswire, September 10, 2003
Treasury Policy
An Issue In Case Of An Accused Inside Trader
By: Jonathan Fuerbringer. NYTimes.com, September
9, 2003
SEC Chief Sees Action
On Proxy Statements Soon
Reuters, September 09, 2003
SEC To Approve Listing
Requirements
By: Adrian Michaels. FinancialTimes.com, September
8, 2003
Fund Probe Casts
Shadow On Wall Street; N.Y. Attorney General's Allegation That
Some Firms Allowed Abuses Of Trading Practices Rocks The Industry
By: Josh Friedman. Los Angeles Times, Monday,
September 8, 2003
Lifting The Lid: Radical
Ways To Curb Book Cooking
By: Martin Howell. Reuters, September 6, 2003
Tyco Director
Suggests Resolving Shareholder Suits
By: Tim McLaughlin. Reuters News, Friday, September
5, 2003
REQUIEM FOR A
VENTURE - Some See VLG's Denouement As The End Of A Legal Camelot;
Others Say It Was Bound To Fail
By: Joel Rosenblatt. Daily Journal Newswire, September
04, 2003
NY Comptroller Wants
To Create Shareholder Coalition
By: Steven Vames. Dow Jones News Service, Thursday,
September 4, 2003
Tainted Advice?
By: Steve Ellman. Law.com, September 2, 2003
Securities Litigation
Trends Climbing
National Underwriter, Property & Casualty/Risk
& Benefits Management Edition. September 1, 2003
Chaebol Lobby Calls
For Sweeping Deregulation To Boost Economy
Asia Pulse, Thursday, August 28, 2003
UCLA Ejected From
Sequoia's VC Funds
By: Richard Waters. FinancialTimes.com, August
28, 2003
Main Street Loses $6
Trillion To Wall Street But Fights Back
The Yearbook of Experts, Authorities and Spokespersons,
August 26, 2003
Meeting With Resistance;
The Securities And Exchange Commission Is Bringing More Muscle
To The Table These Days, Thanks To Enhanced Powers And A Bigger
Budget, But That Doesn't Sit Well With Some Of Its Critics
By: Jonathan Peterson, Tribune Newspapers: Los
Angeles Times. Chicago Tribune, August 26, 2003
WorldCom Wants To
Come Out Clean
By: Dan Ackman. Forbes.com, August 26, 2003
Heard Off The Street:
Directors Paid Well, But Changes Forcing More To Earn It
By: Len Boselovic. Post-Gazette.com, August 25,
2003
10-Q Forms Reveal Good,
Bad And Ugly
USA Today, August 25, 2003
Hit By Energy Crisis?
Stocks In The Tank? Blame Winona
By: James Warren. Chicago Tribune, August 25,
2003
Elan Struggles To Sign
Off Accounts
By: Stephen Foley. The Independent - London, Saturday,
August 23, 2003
Settlement By DCX
A Boost To Kerkorian; $300-Million Payout Stems From Merger
By: Sarah A. Webster. Detroit Free Press, Saturday,
August 23, 2003
Federal Court Enters
$247 Million Judgment Against Infospace Founder Naveen Jain
For Illegal Insider "Short-Swing" Trades
Business Wire, Friday, August 22, 2003
Notice To Delist
ADRs From Nasdaq And To Terminate ADR Program
PR Newswire, Friday, August 22, 2003
Fewer, But Richer Firms
Being Sued
AFX.COM, August 21, 2003
Securities Litigation
And Enforcement; Loss Causation: Who Was Responsible For The
Market Bubble?
By: John F.X. Peloso and Francis S. Chlapowski,
Morgan, Lewis & Bockius. New York Law Journal, August 21, 2003
Wall Street After
Equities - The Big Board's New Rival
By: Dan Kruger. Forbes.com, August 21, 2003
Health Services In
Legal Hot Water
By: Lauren Foster. Financial Times, Thursday,
August 21, 2003
Calico Commerce,
Inc. Announces Bankruptcy Court Confirms Plan Of Reorganization
And Sets Record Date ...
Business Wire, Friday, August 15, 2003
Federal Court To Consider
Juniper Motion To Dismiss Suit
By: Tom Becker. Dow Jones Newswires, Thursday,
August 14, 2003
Winona, Martha
& The Securities Fairy
By: Joseph Grundfest; Nicholas Varchaver. Fortune,
August 11, 2003
SEC Set To Spell
Out Checks On Auditors
By: Adrian Michaels. Financial Times, August 08,
2003
Ex-CEO Convicted
In IPO Fraud
By: Greg Farrell. USAToday.com, August 08, 2003
PCAOB Puts A Price On
Oversight Accounting Oversight Board Set To Dun Public Companies;
Large Companies Could Get Hit Up For $1 Million
By: Stephen Taub. CFO.com, August 6, 2003
Lawyers Balk At New
SEC Rules
Accountingweb.com, August 6, 2003
Accounting Oversight
Board Begins Sending Out Its Bills
By: Floyd Norris. NYTimes.com, August 5, 2003
NYSE Owners Say Exchange's
Governance Rules Leave Them Out
Bloomberg.com, August 5, 2003
S-O May Bolster Class
Actions As It Matures
By: Howard Stock. Investor Relations Business,
August 4, 2003
Lifting The Lid:
Delays Put Whistle-Blowers At Risk
By: Tatiana Serafin. Reuters, August 2, 2003
NYSE Management, Board
Conflicts Criticized By Investors Group
Bloomberg.com, August 1, 2003
GAO Warns Against Losing
Accounting Firms
Guardian Unlimited, August 1, 2003
Accounting Costs
Rising As Wary Companies Play It Safe
By: Greg Farrell. USAToday.com, July 31, 2003
SEC Chief To Pursue
Executive Pay Reform
By: Joshua Chaffin and Adrian Michaels. FinancialTimes.com,
July 30, 2003
Audit Firm Sanctions
Must Be Well-Aimed - GAO
By: Deepa Babington. Reuters, July 30, 2003
SEC Chief Decries
Corporate Reform Risk Gripes
By: Kevin Drawbaugh. Reuters, July 30, 2003
New Rules For IPO
Deal-Makers - NYSE, Nasdaq Recently Announced Tougher Listing
Requirements For Initial Public Offerings. But Do The New Rules
Go Far Enough?
By: Lori Calabro and Tim Reason. CFO.com, July
28, 2003
A Year On, Sarbanes,
Oxley Say Hands Off Their Law
By: Kevin Drawbaugh. Reuters, July 28, 2003
New Rules Urged To
Avert Looming Pension Crisis
By: Mary Williams Walsh. The New York Times, July
28, 2003
Corporate Law Needs
Tightening
By: Kathleen Pender. SFChronicle.com, July 27,
2003
First Praise, Now
Hisses at S.E.C.
By: Stephen Labaton. NYTimes.com, July 25, 2003
SEC Endorses Principles-Based
Accounting Approach
By: Kevin Drawbaugh. Forbes.com, July 25, 2003
S.E.C. Money Is Likely
to Go Unspent
NYTimes.com, July 24, 2003
Reforming The Boardroom
- How Deep Is The Ethics Crisis?
By: Stewart Pinkerton. Forbes.com, July 24, 2003
After A Year Of
US Corporate Clean-Up, William Donaldson Calls For A Return
To Risk-Taking
By: Adrian Michaels. FinancialTimes.com, July
24, 2003
Companies The Americas:
Sec Chief Favours Simpler Conflict Of Interest Rules
By: Adrian Michaels. FinancialTimes.com, July
24, 2003
NYSE Settlements Dismissed
By Some Firms-Report
Reuters, July 23, 2003
U.S. Boasts Progress
In Corporate Fraud Crackdown
Reuters, July 22, 2003
State Securities
Cops Slam Bill As Wall Street Sop
By: Kevin Drawbaugh. Reuters, July 18, 2003
PCAOB Sets Firm Registration
Deadline and Fees
Accountingweb.com, July 18, 2003
Wall Street Settlements
For Dummies
By: David Simons. Forbes.com, July 17, 2003
Donaldson Backs SEC
Supremacy Bill
By: Brooke A. Masters and Ben White. WashingtonPost.com,
July 16, 2003
Class-Action Filings
Climb By Third
By: Rick Stouffer. Pittsburgh Tribune-Review,
July 16, 2003
SEC Eyes Corporate
Boards -- Regulators Move Toward Ordering That Shareholders
Be Allowed To Nominate Board Candidates
CNNMoney.com, July 15, 2003
Entrepreneurial
Drive Revives In Silicon Valley
By: Mark Sappenfield. CSMonitor.com, July 15,
2003
Is The End Nigh For
The Multimillion Dollar Class Action?
By: James D. Zirin. The Times (London), July 15,
2003
Enron-Inspired
Rule May Bring Accounting Shocks
By: Deepa Babington. Forbes.com, July 14, 2003
Command And Controllers
-- Sarbanes-Oxley May Bring New Risks To The CFO's Office, But
It's Raising The Profile Of The Once-Faceless Company Controller.
By: Marie Leone. CFO.com, July 14, 2003
CEO Pay, Courts Now
Hottest Buttons
By: Martin Howell. Reuters, July 13, 2003
The Perplexity And
Perversity Of The New Lawyer Conduct Rules(C) X86.
By: Simon Lorne. Mondaq Business Briefing, July
11, 2003
House Panel Votes
To Limit States' Policing Of Wall Street
By: Gretchen Morgenson. NYTimes.com, July 11,
2003
Economic Consulting
Firm NERA Releases 2003 Study Of ''Recent Trends In Securities
Class Action Litigation''
Business Wire, July 10, 2003
'IPO Laddering' Case
Begins With Battle Over Documents
By: Jenny Andeson. The New York Post, July 10,
2003
Calstrs Adopts Strict
Rules On Stock Compensation
Reuters, July 9, 2003
U.S. Opposes House
Plan On Bankruptcy Advisers
By: Gretchen Morgenson. NYTimes.com, July 9, 2003
Stock Options On
Their Way To Passé?
By: Gary Strauss and Michelle Kessler. USAToday.com,
July 9, 2003
Securities Lobbies
Have Interest In Contentious Class Action Bill
Securities Week, July 7, 2003
The SEC Faces A Test
Of Its Grit
By: Stephen Davis. FiancialTimes.com, July 7,
2003
Insider Trading Comes
Out
By: Kathleen Pender. The San Francisco Chronicle,
July 3, 2003
Judge Dismisses Investor
Lawsuit Over Market Losses
By: Deborah Lohse. San Jose Mercury News, July
2, 2003
New York No Longer
Has Dibs On Securities Fraud
By: Greg Farrell. USA Today.com, July 2, 2003
I.R.S. Disallows
A Tax Shelter For Stock Options
By: David Cay Johnston. NYTimes.com, July 2, 2003
Another Season In Scandal
Hell - High-Profile Cases Move To Trial In 2nd Half Of 2003
By: By Scott Cohn. MSNBC.com, July 2, 2003
Waiving Privilege
Good-Bye?
By: Sue Reisinger. Corporate Counsel, July 1,
2003
SEC Approves New
Rules On Options
FinancialTimes.com. July 1, 2003
Europe Faces U.S. Accounting
Woes - European Firms Are Also Entangled In Accounting Woes:
Sources Are U.S. Units -- And U.S. Scrutiny
CNNMoney.com, July 1, 2003
US Shareholders Turn
To The Law To Recoup Losses: There Has Been A 25 Per Cent Leap
In Litigation Claims Between 1998 And 2002
By: Julie Earle-Levine. Financial Times (London),
June 30, 2003
States Urge More Corporate
Reforms
By: Andrea Orr. Reuters, June 30, 2003
Feeling Stuffed
By: Matt Miller. The Daily Deal, June 30, 2003
Protect Investors
From Plaintiffs' Lawyers' Stock Manipulation
By: Victor E. Schwartz, Esq., Partner and Peter
D. Bernstein, Associate, (Shook, Hardy & Bacon LLP). Legal Backgrounder,
Vol. 18, No. 28, June 27, 2003
Insane IPO Jumps Were
Secretly Orchestrated, Lawsuit Claims
By: Matt Krantz. USAToday.com, June 27, 2003
Nasdaq Quits Global
Stage
By: Vincent Boland. FinancialTimes.com, June 27,
2003
Post-Enron Threat
Seen To US Lawyers' Legal Shield
By: Kevin Drawbaugh. Forbes.com, June 26, 2003
Accounting Boss
Walks Tightrope In Oversight Role
By: Deepa Babington. Reuters, June 25, 2003
Bubbleology
- Wall Street Goofed On The Last Bubble. Now It Sees New Ones
Forming Everywhere
By: Justin Lahart. CNNMoney.com, June 24, 2003
Setting Up Framework
On Secondary Liability For Securities Fraud - Second Circuit
Decisions Go Far In Defining Conduct That Violates Sec.10(B)
And Rule 10b-5
By: Marcy Ressler Harris and Charlotte A. Kelley.
New York Law Journal, Volume 229, June 23, 2003
Wanted: Top Cop
To Watch The Books
By: Gretchen Morgenson. NYTimes.com, June 22,
2003
CEOs Prefer Spin
In Annual Letters
By: Tatiana Serafin. Reuters, June 22, 2003
Small Investors,
Once Burned, Lead New Bull
By: Gretchen Morgenson. NYTimes.com, June 22,
2003
Sec. 404 Compliance
Jacking Up Audit Fees
By: Jennifer Caplan. CFO.com, June 20, 2003
US CEOs Start To
Dig In Against Governance Reforms
By: Brendan Intindola. Reuters, June 19, 2003
Lawyers Find Riches
In Companies' Dirty Laundry More Than $100 Million Paid For
Probes
By: Kevin McCoy and Elliot Blair Smith. USA TODAY,
June 18, 2003
NASD Advises Brokers
To Monitor Instant Messages
By: Laura MacInnis. Forbes.com, June 18, 2003
SEC May Dump Indemnity
Policy
By: Craig Schneider. CFO.com, June 17, 2003
Shareholder Activism
Seen In Proxy Proposals
By: Tamara Loomis. Law.com, June 17, 2003
You've Got Mail! You
Can Never Get Rid Of It!
By: Michael Sisk. Securities Industry News, June
16, 2003
Is My CEO Dumping
Stock? Check SEC Filings Online
By Peter Ramjug. Forbes.com, June 15, 2003
Outside Directors
Don't Mean Outsize Returns
By: Mark Hulbert. The New York Times, June 15,
2003
Case Could Redefine
Board Members' Liability
By: Patrick McGeehan. NYTimes.com, June 14, 2003
Nasdaq New CEO Committed
To Conversion To Exchange
Forbes.Com, June 13, 2003
This SEC Cop Means
Business
BusinessWeek online, June 13, 2003
House Expected To Pass
Bill To Rewrite The Rules On Class-Action Lawsuits
By: Richard A. Oppel Jr. The New York Times, June
12, 2003
SEC Ponders Broadening
Proxy Access -- Agency Seeks Input On Board Election Idea
By: Kathleen Day. WashingtonPost.com, June 12,
2003
In The Post Sarbanes-Oxley
World, Board Directors And Their Lawyers Learn To Live Under
Increased Scrutiny
By: Joel Rosenblatt. San Francisco Daily Journal,
June 11, 2003
Law Firm Famed In
Stockholder Suits May Split In Two
By: Jonathan D. Glater. NYTimes.com, June 11,
2003
Apria To Ease Director
Nomination Process-Report
Forbes.com, June 11, 2003
Cheated Investors
Face Obstacles
By: Bill Barnhart. Chicago Tribune, June 11, 2003
NYSE Board Members
To Resign From Other Boards
Forbes.com, June 5, 2003
NYSE's New Corporate
Governance Rules
Forbes.com, June 5, 2003
SEC Chief Says To Start
Market Structure Review
Forbes.com, June 5, 2003
NYSE, Tables Turned,
Looks At Its Own Governance
By: Nicole Maestri and Brendan Intindola. Forbes.com,
June 4, 2003
Move To Protect
Investors
By: Gretchen Morgenson with Landon Thomas Jr.
NYTimes.com, June 4, 2003
Growing Up In The
Post-Bubble Era -- Commentary: Google IPO Could Be New Era's
Role Model
By: Bambi Francisco. CBSMarketWatch.com, June
3, 2003
Chicago Firm To Buy
American Stock Exchange-Report
Forbes.com, June 2, 2003
CBOE Gets SEC Okay
To Launch Hybrid Trading System
Reuters.com, June 02, 2003
Wall St Firms Subpoenaed
Over Research Supervision
Forbes.com, June 2, 2003
Junior G-Men: Corporate
Lawyers Worry That They're Doing The Government's Bidding While
Doing Internal Investigations
By: John Gibeaut. ABA Journal, June, 2003
Taxing Dividends
Twice Invites Corporate Corruption
By: Steve Chapman. SunSpot.net (The Baltimore
Sun), May 30, 2003
Flashback
By: Mike Brewster. BusinessWeek online, May 29,
2003
New Requirements
For Reporting Securities Transactions
By: Cary Griffith - The National Law Journal.
Law.com, May 29, 2003
Convergence Of Accounting
Rules Proving To Be 'All Pain And No Gain'
By: Andrew Parker. Financial Times.com, May 28,
2003
SEC Adopts Financial
Safeguards -- Executives Will Be Required To Certify Internal
Controls
By: Carrie Johnson. WashingtonPost.com, May 28,
2003
FASB To Reconsider
Pension Proposal Under Attack
Forbes.com, May 28, 2003
Oxley Looking To
Beef Up SEC
By: Craig Schneider. CFO.com, May 27, 2003 Tuesday
Accounting Board Limits
Testimony By Chief Auditor
By: Floyd Norris. NYTimes.com, May 27, 2003
Progress Slow On Independent
Research For Wall St
By: Greg Cresci. Forbes.com, May 27, 2003
US Senators Clash
On Stock Options, Probe CEO Pay
By: Kevin Drawbaugh. Forbes.com, May 27, 2003
Investor Activism
Here For The Long Haul, Funds Say
By: Nick Edwards-Reuters. Forbes.com, May 27,
2003
Will Wall Street Roll
Back Decimalization?
NYTimes.com, May 16, 2003
House Passes Bill
To Loosen 401(K) Rules
By: David Leonhardt. Forbes.com, May 15, 2003
GLOBAL INVESTING: 'Sell'
Recommendations Rise 400% After Conflict Of Interest Inquiry
By: Lauren Foster. FinancialTimes.com, May 15,
2003
Nasdaq: Nyse Rule `A
Relic' -- It Says Regulation Keeps Firms From Changing Listings
By: Deborah Lohse. MercuryNews.com, May 14, 2003
Options Lobbying
Hits Wall -- Tech Industry Is Winning Few Converts In Washington
By: Mark Schwanhausser. MercuryNews.com, May 14,
2003
NYSE Governance Proposals
Still In Limbo
By: Nicole Maestri. Forbes.com, May 14, 2003
New Sheriff On Wall
Street
NYTimes.com, May 13, 2003
Accounting Firms
Seek Role In Setting Audit Rules
By: Deepa Babington. Forbes.com, May 13, 2003
More Disclosure
On Distribution Of Ipos Looms - Underwriters Would Have To Give
Early Price Indications To Clients, Identify Investors Who Got
Stock
By: Randall Smith and Kate Kelly. The Wall Street
Journal, May 12, 2003
Experts Say Founders'
Traits Can Lead To Trouble
By: Matt Krantz. USAToday.com, May 12, 2003
Wall St Settlement
Payout May Take 18 Months-SEC
Forbes.com, May 12, 2003
Now Wall Street
Pays; The Fraud Settlement Won't Recover All Your Losses, But
Here's How To Get What You Can
By: Sharon Epperson. Time Magazine, May 12, 2003
Angry About A Rotten
Stock?
By: William Baldwin. Forbes, May 12, 2003
Can Annual Meetings
Restore Trust?
By: Patrick McGeehan. NYTimes.com, May 11, 2003
Executives' Images
Could Be Cruising For A Bruising
By: Del Jones. USAToday.com, May 9, 2003
Stock Options Bring
Heated Debate In D.C.
By: Heather Fleming Phillips. SiliconValley.com,
May 9, 2003
No Matter Who Sits
In A Director's Chair It Needs To Be A Class Act
By: Leon Gettler. The Age.Com.au, May 9, 2003
US SEC Chief Warns
Of Public's Corporate Cynicism
Forbes.com, May 9, 2003
Independent Firms See
Payoff -- Scandals Boost Business For Untainted Stock Analysis
By: Kathleen Day. WashingtonPost.com, May 8, 2003
Accounting Board Works
On Valuing Stock Options
Forbes.com, May 7, 2003
Fed's Bies: Internal
Auditors Have Important Job
Forbes.com, May 7, 2003
SEC To Offer Guidance
On Improving Reports
LATimes.com, May 7, 2003
Costs Of Compliance
Soar After Sarbanes-Oxley
By: Tamara Loomis. Law.Com, May 5, 2003
Once A Formality,
Blessing Auditors Is Now A Fight
By: Deepa Babington. Forbes.com, May 5, 2003
Shareholders Turn
To Lawsuits To Recoup Losses
By: Amy Shafer. Associated Press Newswires, Friday,
May 2, 2003
Scandals Spur New
Kind Of Corporate Exec
By: Tamara Loomis - New York Law Journal. Law.com,
May 2, 2003
Critics Want More
Remorse From Corporate America
By: Chris Sanders - Reuters. Forbes.com, May 2,
2003
Regulators Want To
Show Harmed Investors The Money - But How?
By: Nancy R. Mandell. On Wall Street, May 1, 2003
Tough Road For Investor
Payback - Just Owning Tainted Stock Is No Guarantee Of Restitution
By: Kathleen Pender. San Francisco Chronicle,
April 29, 2003
Wall Street Settlement
Skips Major Issue - Critics
By: Chris Sanders - Reuters. Forbes.com, April
29, 2003
Wall St Settlement
Avoids The 'G' Word: Guilty
By: Brendan Intindola - Reuters. Forbes.com, April
28, 2003
Banks Face Light Payout,
Insurance Battle Looms
By: Bill Rigby - Reuters. Forbes.com, April 28,
2003
Securities Fraud Settlement
Amounts Surge
By: Tamara Loomis - Special To The Law Tribune.
Connecticut Law Tribune, April 28, 2003
SEC Readies Unveiling
Of Final Wall St Settlement
By: Kevin Drawbaugh - Reuters. Forbes.com, April
25, 2003
Auditors Find
Themselves On Shaky Ground
By: Adrian Michaels and Andrew Parker. FinancialTimes.com,
April 25, 2003
Don't Let New Rules
Hide Good Information -- Be Careful What You Ask For. You Might
Get It
NYTimes.com, April 25, 2003
N.Y.S.E. Denies
Investigation
By: Alex Berenson. NYTimes.com, April 23, 2003
Senate OKs Attorney
Fines
By: Gary Young - The National Law Journal. Law.com,
April 21, 2003
Missed Deadline Could
Mean Delisting
By: Matt Krantz. USAToday.com, April 18, 2003
Accounting Board Picks
Carmichael As Chief Auditor
Fobes.com, April 17, 2003
Securities Fraud Settlement
Amounts Increase
By: Tamara Loomis. New York Law Journal, Volume
229, Copyright 2003 ALM Properties, Inc. All rights reserved
April 17, 2003
USING SARBANES-OXLEY
IN SECURITIES LITIGATION -- Defense Should Be Prepared For Class-Action
Plaintiffs To Try To Expand Weapons' Arsenal
By: Robert J. Jossen and Neil A. Steiner. New
York Law Journal, Volume 229, April 14, 2003
SEC Accused Of Overstepping
Authority
By: Tamara Loomis. Law.com, April 11, 2003
Class Settlements
In Securities Cases Rose 50% In '02
By: Kara Scannell. The Wall Street Journal, April
10, 2003
XBRL: Standardising
Financial Data
By: Amy Rogers. iTnews Australia, April 10, 2003
Big Four, Big Worry
By: Kath Walters. Business Review Weekly (Australia),
April 10, 2003
California Justices
OK Stock-Drop Suits
By: Jason Hoppin. Law.com, April 9, 2003
Is There Life After
Silicon Valley's Fast Lane?
By: John Markoff. NYTimes.com, April 9, 2003
A U.S. Push On Accounting
Fraud
By: Alex Berenson. NYTimes.com, April 9, 2003
Amendment Would Give
SEC New Authority Agency Could Levy Fines Without Court's Permission
By: Kathleen Day. WashingtonPost.Com, April 9,
2003
Companies & Finance
The Americas: Lawyers Oppose Call For Changes
By: Patti Waldmeir. FinancialTimes.com, April
8, 2003
Media Vision Fraud
Nets CFO 3 1/2-Year Term
By: Jason Hoppin. The Recorder, April 8, 2002
Legislation Won't Stop
Fraud Completely
By: Shihoko Goto. UP International, April 7, 2003
IPO Settlement Price
Tag: $4.1B: Goldman, Morgan Stanley And CSFB Would Bear Brunt,
Says New Analysis
By: Michelle Celarier. Investment Dealers Digest,
April 7, 2003
Again, Money Follows
The Pinstripes
By: Patrick McGeehan. NYTimes.com, April 6, 2003
Attorneys Who Pursue
Brokers Often Manage Their Own Money
By: Lynn Cowan. Dow Jones News Service, April
4, 2003
Bonds Thrash Stocks,
But Investors Advised To Be Wary Havens May Not Stay Safe As
Interest Rates Bottom
By: John Waggoner. USA TODAY, April 4, 2003
Wall Street Set To
Settle Or Face Regulatory Action
By: Jake Keaveny - Retuers. Forbes.com, April
4, 2003
N.Y.S.E. Abandons
Gag Plan
By: Alex Berenson. NYTimes.com, April 4, 2003
Will S.E.C. Allow
Shareholder Democracy?
By: Floyd Norris. NYTimes.com, April 4, 2003
Accounting Probes Will
Go Quick: Chief
NYTimes.com, April 3, 2003
Corporate Audit Panels
To Gain Power SEC Passes New Rules
By: Carrie Johnson. Washingtonpost.com, April
2, 2003
Corporate Greed Leads
To Cash Flow Crunch For Class Action Law Firms
PR Newswire, April 2, 2003
IPOs Hit 28-Year Low
In The First Quarter - No New Stock Offerings In Four Weeks
By: Anitha Reddy. WashingtonPost.com, April 2,
2003
Retirement Rage
By: David M. Katz. CFO.com, April 1, 2003
Accounting Panel,
SEC Back Registry For Foreign Auditors
By: Carrie Johnson. Washingtonpost.com, April
1, 2003
The Key To Director
Independence: Equal Access To Corporate Board Elections
By: William Baue. SocialFunds.com, April 1, 2003
Withdrawal Pains
By: Douglas McCollam. The American Lawyer, April
2003
Bubble Hasn't Burst
Yet On CEO Salaries Despite The Times; Top Executives Cash In
Even As Stockholders Lose Out
By: Gary Strauss and Barbara Hansen. USA Today,
March 31, 2003
Healthsouth Flap
Roils Wall Street: Could The Deceit Have Been Unearthed Earlier?
By: Laura Santini. Investment Dealers Digest,
March 31, 2003
Mining For Corporate
Truth - Emboldened By Progress On Accounting Standards, Reformers
Push For Change Across Such Issues As Worker Rights, Ecofriendliness,
And Executive Pay
By: Laurent Belsie. Christian Science Monitor,
March 31, 2003
Company Boards Make
Efforts To Prevent Accounting Scandals
By: Kathleen Johnston Jarboe. The Daily Record
(Baltimore, MD), March 29, 2003
Markets Told To Review
Standards
The Boston Globe, March 27, 2003
Court Denies Interwoven
Motion To Dismiss Securities Suit
By: Bhattiprolu B. Murti. Dow Jones Corporate
Filings Alert, March 26, 2003
Ex-Symbol VP:
I'm Guilty; Admits Scheme To Inflate Revenue, Earnings
By: Mark Harrington. Newsday (New York), March
26, 2003
Calpers Urges SEC To
Rethink Stance On Barring Shareholder Votes
LATimes.com, March 26, 2003
Brokerages Decry Plan
For Regulatory Oversight
LATimes.com, March 26, 2003
Unclassy Actions:
Dubious Tactics Characterize Many Lawsuits
By: Jennifer Mann and Dan Margolies. The Kansas
City Star, March 25, 2003
Cato Institute Report
Says Reform Act Is Curbing Fraud
Corporate Officers and Directors Liability Litigation
Reporter, Vol. 18; No. 18; Pg. 15. March 24, 2003
Heard Off The Street:
Despite SEC Rules, Many Firms Keep Family Ties In The Family
By: Len Boselovic. Post-gazette.com, March 24,
2003
Class Action Lawsuits
Rise Again: Market Cap Losses During Plaintiff Motions Have
Never Been Higher
By: Howard Stock. Investor Relations Business,
March 24, 2003
''Subjective'' Knowledge
Required To Sue Broker-Dealers For Fraud On The Transfer Of
Securities
Business Wire, March 24, 2003
Shareholder Class
Action Suits Spike In 2002
By: Elizabeth V. Mooney. RCR Wireless News, March
24, 2003
WEB REVIEW: Class-Action
Lawsuits
By: Dan Margolies. The Kansas City Star, March
23, 2003
Bear Turns A Baffling
3
By: John Waggoner and Adam Shell. USA TODAY, March
20, 2003
A Blow To The Street;
Shareholders Suing Big Banks Have Won Some Key Early Victories.
Is It Finally Payback Time For Wronged Investors?
By: Nicholas Varchaver. Fortune, March 17, 2003
The Ins And Outs Of
Class-Action Suits: Lauren Foster Investigates If It Pays For
Claimants To Stay In Or Opt Out Of A Group Lawsuit
By: Lauren Foster. Financial Times (London), March
14, 2003
New U.S. SEC Chief
Asks Congress For More Money
By: Kevin Drawbaugh - Reuters. Forbes.com, March
14, 2003
Number Of Securities
Fraud Class Actions Soar In 2002
By: Alexei Oreskovic. The Recorder, March 14,
2003
Investors Bombard
FASB With Mail Over Options
By Deepa Babington - Reuters. Forbes.com, March
14, 2003
Execs Bite Tongue Harder
For Fear Of Reg FD
By: James Paton - Retuers. Forbes.com, March 14,
2003
Boards Need More
Scuffles, Less Manners - Buffett
Forbes.com. March 14, 2003
Securities-Fraud Lawsuits
Rise 31% Restated Earnings Attract Lawyers
By: Edward Iwata. USA TODAY, March 13, 2003
U.S. Accounting Panel
Proposes Fee Plan
Forbes.com, March 13, 2003
Plan Restricting Stock
Options Stalls At SEC NYT
Fobes.com, March 13, 2003
FASB Moves Closer To
Options-Expensing Rule
LATimes.com, March 13, 2003
The Sec Is Curious
About the ASCO Effect
By: Adam Feuerstein (Originally appeared in RealMoney).
The Street.com, March 13, 2003
Plan Restricting
Stock Options Stalls at S.E.C.
By: Gretchen Morgenson. NYTimes.com, March 13,
2003
Class-Action Lawyer's
Fee Under Scrutiny
By: Alex Berenson. NYTimes.com, March 12, 2003
SEC Official Doesn't
See Accounts Board Chief Soon
Forbes.com, March 12, 2003
Class-Action Lawsuits
Add To Market Loss
By: Vincent Boland in New York. Financial Times
- FT.com, March 12, 2003
Pension Woes Expected
To Mount -- The U.S. Agency That Insures Companies' Retirement
Funds Foresees Deepening Deficits As It Tries To Rescue Failing
Plans
LATimes.com, March 12, 2003
Corner-Office Spin
Doctors Study: Losses Linked To Jargon In CEO Correspondence
By: Kristen Gerencher. CBSMarketWatch.com, March
12, 2003
New Option Rule Has
Key Backers As Panel Meets
By: Jackie Spinner. washingtonpost.com, March
12, 2003
Imclone Founder Waksal
Agrees To $800,000 Fine
By: Brooke A. Masters. Washingtonpost.com, March
12, 2003
Media Groups Slam Plan
On Analysts' Disclosure-WSJ
Forbes.com, March 11, 2003
Stock Option Vote
Nears As Lobbying Effort Grows
By: Deepa Babington - Reuters. Forbes.com, March
11, 2003
SEC Expands Probe
Into 'Death-Spiral' Schemes
By: John Labate in New York. Ft.com, March 10,
2003
3 Years After Nasdaq
Peak, Investors Crave Safety
By: Floyd Norris. NYTimes.com, March 10, 2003
Local Tech Firms Are
Left Battle-Scarred, but Surviving
By: Renae Merle. The Washington Post, March 10,
2003
The Road To Compliance
By: Susan Hackett - Legal Times. Law.com, March
10, 2003
CEO Pay Takes Another
Hit
By: Del Jones. USAToday.com, March 10, 2003
Class-Action Suits
Could Drop To '97 Levels
By: Bambi Francisco. MarketWatch.com, March 9,
2003
Plaintiffs Firms
Take Aim At Securities Law
By: By Jeff Chorney. The Recorder, March 7, 2003,
Friday
IPO Plaintiffs Push
For Data
By: Heidi Moore - The Deal. Law.com, March 7,
2003
Sec Eyes Corporate
Pensions Over Accounting Time Bomb
By: Eric Mostkowitz. NYPost.com, March 7, 2003
Can Tyco Afford
To Leave Bermuda?
By: Tim McLaughlin. Reuters.com, March 6, 2003
Calif. Treasurer proposes
corporate reform office
By: Michael Kahn -- Reuters. Forbes.com, March
6, 2003
A Hard Line On Options
As Expenses -- FASB Chief Herz Says He'll Fight for Change
By: Jackie Spinner. Washingtonpost.com, March
5, 2003
NYC Pension Funds May
Be Forced to Join WorldCom Class-Action Suit
LATimes.com. March 5, 2003
US Fed's Bies:
Accounting Group Not Leading On Reform
By: Jonathan Nicholson - Reuters. Forbes.com,
March 4, 2003
SEC Tries to Speed
Up Its Case Calendar
By: Cindy Skrzycki. WashingtonPost.com, March
4, 2003
Accounting Panel
Wants Int'l Registration
By: Kevin Drawbaugh. Reuters.com, March 4, 2003
SEC Seeks Secret Grand
Jury Info On Accounting Firms
By: Ken Rankin. Electronic Accountant, March 4,
2003
The Bad News On Certification
Was Old News To The Market
By: Mark Hulbert. NYTimes.com, March 4, 2003
US Accounting Panel
In Showdown With Foreign Firms
By: Kevin Drawbaugh - Reuters. Forbes.com, March
3, 2003
SEC Official Sees Fewer
Enforcement Actions Ahead
Forbes.com, March 3, 2003
United Workers Sue
Stock Ownership Plan Over Losses
Forbes.com, March 3, 2003
Crackdown On Failure
To Disclose Executive Pay In Proxy Statements Court Finds Material
The Omission Of CEO's Enhanced Bonus
By: Mary P. Gallagher. New Jersey Law Journal,
March 3, 2003
Capital One President
Quits After SEC Notice
Forbes.com, March 3, 2003
Ralph Nader Forms SEC
Oversight Group
NYTimes.com, March 3, 2003
Top M&A Minds Doling
Out SarbOx Advice
By: Tom Johnson. Reuters.com, March 2, 2003
Banks Under Legal Siege
- Wall Street Banks Are Facing Damages To The Tune Of ($ ) 25bn
But Are Reluctant To Set Aside Reserves As They Fear It May
Encourage New Claims. Suzanne Miller Reports On The Legal Battle
That Threatens To Spread Overseas
The Banker - Financial Times Business Limited,
March 1, 2003
Return to Sender?
By: Joan Urdang. CFO Magazine, March 2003
SEC Slams Fortune 500
On 2002 Annual Report Faults
Forbes.com, February 27, 2003
Chubb Exec Calls
For United Front Against Class-Action Plaintiff Lawyers
Corporate Officers and Directors Liability Litigation
Reporter, Vol. 18; No. 16; Pg. 6, February 24, 2003
Corporate Governance
(A Special Report) - Ready And Able? Companies Say The List
Of Qualified Directors Is Depressingly Short; Critics Say That's
Because Companies Are Looking In The Wrong Places
By: Phyllis Plitch. The Wall Street Journal, February
24, 2003
Corporate Governance
(A Special Report) - Back To School: How Does A Company Get
Better Directors? Maybe The Answer Is To Teach The Directors
Themselves To Be Better
By: Evelina Shmukler. The Wall Street Journal,
February 24, 2003
Corporate Governance
(A Special Report) - More Work, More Pay: Directors Are Taking
On Greater Responsibility These Days; And Despite Shareholder
Skittishness, They're Getting Bigger Paychecks As Well
By: Joann S. Lublin. The Wall Street Journal,
February 24, 2003
Can Corporate America's
New Gamekeeper Clean Up Its Soiled Image? Business Profile:
New SEC Chief Has The Credentials To Improve On Harvey Pitt,
But Will He Be Tough Enough?
By: Rupert Cornwell in Washington. Independent.co.uk,
February 24, 2003
Corporate Integrity
Key In Economy-Fed's Santomero
Forbes.com, February 24, 2003
Waiting For The Smoking
Gun; Expecting Lawsuits, Attorneys Bone Up On Securities Issues
By: Pradnya Joshi. Newsday (New York, NY), February
23, 2003
Citigroup In SEC Talks
On Enron Deal-Paper
Forbes.com, February 23, 2003
Merrill Makes Regulatory
Peace But Lawsuits Loom
By: Brian Kelleher -- Reuters. Forbes.com, February
21, 2003
Wall Street Readies
To Pay Up - Again: IPO Class Actions: Brokerages May Pay US
$3-Billion to Settle Suits Quickly
By: Steve Maich. National Post, February 21, 2003
DOJ Encourages Waiving
Attorney-Client Privilege
By: Tamara Loomis. New York Law Journal, February
21, 2003
Suits Over IPO Stock
Prices To Proceed
By: Mark Hamblett. Law.com, February 20, 2003
Stage Is Set For
Auditors, Management To Clash
By: Greg Farrell and Andrew Backover. USA Today,
February 20, 2003
U.S. Lawmakers Ask
Public Hearings On Tax Shelters
Reuters, February 20, 2003
The World According
To Sarbanes-Oxley - A Brief Primer On The Reforms And Their
Possible Impact
By: Frances A. McMorris. The Daily Deal, February
19, 2003
Four Defendants Want
Out Of Enron Shareholder Case
By: Mary Flood. The Houston Chronicle, February
19, 2003
SEC Settles With Ex-Andersen
Partner In Sunbeam Probe
Lafferty Publications Limited, The Accountant.
February 18, 2003
New US SEC Chief Takes
Oath, Promises To Be Tough
By: Tim Dobbyn. Reuters, February 18, 2003
Securities Case Offers
Hope To Fraud Plaintiffs
By: Jason Hoppin. Law.com, February 18, 2003
US Boardrooms Shake
To Tread Of Shareholders On The March
By: Andrew Hill and Elizabeth Wine. Financial
Times.com, February 18, 2003
Ernst & Young Changes
Mind On Options
By: Gretchen Morgenson and Jonathan D. Glater.
NYTimes.com, February 14, 2003
Senate Confirms Donaldson
As S.E.C. Chief
By: The Associated Press. NYTimes.com, February
14, 2003
Wall St. Firms Are
Faulted In Report On Enron's Taxes
By: David Cay Johnston. NYTimes.com, February
14, 2003
Investor Lawsuits Soared
Last Year Tech Firms, Popular Targets In Recent Years, Were
Hit Less
By: Howard Mintz. S.J. Mercury News, February
13, 2003
Get Ready For E-Filing
By: Pat O'Donnell. Law.com, February 13, 2003
Winona's Foibles Provide
Grundfest Teaching Fodder
By: Renee Deger. The Recorder, Februrary 13, 2003
Employee Education
Is Essential For Effective Fraud Reporting; Experts Offer Ten
Tips To Prevent Corporate Fraud
PR Newswire. February 12, 2003
Gaps Found In Wall
St Anti-Terror Planning
By: Joshua Chaffin and Gary Silverman. Financial
Times.com, February 12, 2003
New U.S. Rules To Eat
Into 'Pro Forma' Magic-UBS
Reuters, February 11, 2003
Brown Raises Eyebrows,
Doesn't Mince Words
By: Jason Hoppin. The Recorder, February 11, 2003
Lawmakers Propose
Easing SEC Hiring Rules To Lure Accountants
By: Bill Arthur and Judy Mathewson. Bloomberg
News, February 11, 2003
Investor Trust Will
Be Slow To Return - Although Steps Have Been Taken To Prevent
Corporate Fraud, Many Say More Are Needed To Restore Confidence
Contra Costa Times.com. February 9, 2003
Accountants' Close
Link To Executives Is Questioned
By: Jonathan D. Glater with Stephen Labaton. NYTimes.com,
February 8, 2003
El Paso Throws Counterpunch
In Legal Battle
By: Michael Davis. The Houston Chronicle, February
08, 2003
Analysts Must Vouch For
Reports -- New Sec Rule Brings Personal Views To Fore
By: Anitha Reddy. Washington Post. Feburary 7,
2003
Wealthy
Suing Accountants Over Rejected Tax Shelters
By: David Cay Johnsonton. NYTimes.Com. February
7, 2003
When The Levy Breaks;
Policy-Makers Must Force Tort Reform
By: Gary J. Andres. The Washington Times. February
6, 2003
Citigroup Judge
Steps Down In Analyst Research Suits
By: David E. Rovella. Bloomberg News. February
6, 2003
S.E.C. Choice Says
He's No Harvey Pitt
By: Stephen Labaton. NYTimes.Com. February 6,
2003
Investment
Banks Have A Bad Case of Immunity
By: Emily Thornton. BusinessWeek. February 3,
2003
The Blame
Game
By: Jerry L. Reiter. Registered Rep., ISSN: 0193-1865;
Pg. 2, February 2003
Head
of New Board To Watch Accounting Runs Into Hurdles
By: Susan Pulliam and Cassell Bryan-Low. The Wall
Street Journal, Thursday. January 30, 2003
Lawsuits
Increasingly Target Directors
By: Adrian Lewthwaite. Insurance Day. January
29, 2003
Citigroup
Analyst Litigation Divided Into Nine Suits
By: Nicole Ostrow. Bloomberg News. January 28,
2003
Attorneys
Learn About Wall Street To File Claims, Journal Says
By: Nicole Ostrow. Bloomberg News. January 28,
2003
SEC
Backs Off Controversial Rule - For Now
By: Renee Deger. The Recorder. January 24, 2003
Bulk
Of Restatements Triggered By Accounting Errors, Revenue Recognition
- More Rejiggerings Of Annuals ...
By: Stephen Taub. CFO.com. January 22, 2003
Texas Judge
Sticks By Refusal To Certify Class In Pcorder.Com Securities
Suit
Corporate Officers and Directors Liability Litigation
Reporter, Vol. 18, No. 13, Pg. 9, January 13, 2003
Markets Securities
Fraud Suits Hit Record In 2002 Number Of Shareholder Class Actions
Was Up 54% From 2001, Stanford Law School Reports
Los Angeles Times, From Bloomberg News, January
8, 2003
THE FALL OF ENRON;
Judge Keeps Tight Leash On Trial Date; Shareholder Lawsuit In
Brenham Postponed Until September
By: Mary Flood. The Houston Chronicle, January
08, 2003
Law Firm Says It Is
Innocent In Enron Case
By: Mary Flood. The Houston Chronicle, January
08, 2003
Mckesson
Reports On Rulings In Consolidated Securities Litigation
Business Wire, January 7, 2003
Bernstein Litowitz
Berger & Grossmann LLP Announces Securities Class Action Against
Gerber Scientific, Inc. Is Voluntarily Dismissed
Business Wire, January 7, 2003
Court Dismisses Appeal
Of Visual Networks' Securities Class Action Litigation
PR Newswire, January 7, 2003
Mckesson Wins Dismissal
Of Shareholder Claims Against Directors
By: Joyzelle Davis. Bloomberg News, January 7,
2003
Financial
Dominoes And Dividend Taxes
By: Floyd Norris. NYTimes.com, January 7, 2003
Delaware Justice Warns
Boards Of Liability For Executive Pay
By: Tom Becker. The Wall Street Journal, January
6, 2003
Pricewaterhouse Taking
A Stand, And A Big Risk
By: Jonathan D. Glater. NYTimes.com, January 2,
2003
Investors, Bruised,
Hope It's Over
By: Floyd Norris. NYTimes.com, January 2, 2003
For Chastened Analysts,
More Skepticism About Investing
By: Landon Thomas Jr. NYTimes.Com, January 2,
2003
SEC's Rules on Up-the-Ladder
And Outward Reporting
By: Audrey Strauss. New York Law Journal, Volume
229, January 2, 2003
District Court Off
Track In Selecting Lead Plaintiff
By: Carol McHugh Sanders. Defense Counsel Journal,
No.1, Vol. 70; pg.165, January 1, 2003
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SETTLEMENTS AND DISMISSALS ARCHIVED 2003
Siebel Pact Averts Calif. Trial On Punitive Damages For Stock Grants
Securities Litigation & Regulation Reporter SPECIAL REPORT, Vol. 9; No. 16; Pg. 15. December 22, 2003
$1.8bn Unclaimed In US Shareholder Class Action Lawsuits;
Two-Thirds Of Fund Managers Fail To Claim Awards
By: Mark Jaffe. Sunday Tribune, December 21, 2003
Computer Associates Settlement Gets Court Ok
By: Mike Tarsala. CBS MarketWatch, December 11, 2003
Summary Notice Of Class Action Certification, Proposed Settlement And Hearing Thereon Issued In Re Penn Treaty American Corp. Securities Litigation
PR Newswire, December 10, 2003
Hanover Compressor Settlement Gets Preliminary Court OK
By: Brian Callaghan. Dow Jones Corporate Filings Alert, December 9, 2003
Nationsbank Settlement Upheld Over Plaintiffs' Objections
Liability & Insurance Week, December 8, 2003
ClearOne Makes Headway With Legal Issues
By: David L. Politis. Deseret Morning News, December 8, 2003
Interpublic To Pay Settlement Worth Dollars 115m
By: Alison Beard. Financial Times (London), December 6, 2003
SEIQ Announces Settlement Of Class Action Lawsuit
Knobias.com, December 4, 2003
Sprint Changes Stance On Case; Proposed Settlement Of Two Lawsuits Won't Apply To Suit Over Retirement Plans
By: Dan Margolies. The Kansas City Star, December 3, 2003
Seitel Updates Bankruptcy Person; Proposes Auction Process; Announces Settlement Of Class Action Litigation
PR Newswire, December 3, 2003
Firstplus Financial Group, Inc. Announces Order And Final Judgment In Shareholder Class Action Litigation
PR Newswire, December 2, 2003
Court Orders Final Approval Of Nanophase Technologies Litigation Settlement
PR Newswire, December 2, 2003
Amdocs Limited Announces Dismissal Of Class Action Lawsuits
PR Newswire, December 2, 2003
Judge Rules On Claims In Suits Against Peregrine
By: Bruce V. Bigelow. Copley News Service, December 2, 2003
SkillSoft Settles 1998 Class Action Lawsuit
PR Newswire, December 1, 2003, Monday
Judge Approves $10.2 Million Settlement To End PCA Lawsuit
By: Marie Suszynski. BestWire, November 26, 2003
Paradyne Awaits Judge's Ruling On Deal Over Shareholders' Suit
By: Will Rodgers. Tampa Tribune (Florida), November 25, 2003
Notice Of DPL Inc. (NYSE: DPL) Settlement
PR Newswire, November 21, 2003
Berman Devalerio Pease Tabacco Burt & Pucillo Announces Warnaco To Pay $12.85 Million To Settle Investor Lawsuit
Business Wire, November 20, 2003
Peregrine Systems(R) Gains Approval Of Settlement On Class 9 Claims, Paves Way For Distribution Of New Peregrine Stock To Equity Holders
Canada NewsWire, November 20, 2003
AK Steel Agrees To Settle Shareholder Lawsuit
By: Thomas Gnau. Middletown Journal, Ohio, November 15, 2003
HCA Tentatively Agrees To Settle HLDR Class Action Suits
By: Staff Writer. Dow Jones Corporate Filings Alert, November 13, 2003
Symbol Technologies Announces Tentative Settlement In Telxon Corporation Class Action Lawsuits
By: Staff Writer. Business Wire, November 13, 2003
Scott + Scott, Llc Announces Foreign Purchasers Excluded From Daimler Chrysler Settlement
By: Staff Writer. CCN Newswire, November 12, 2003
Still Mired In Problems, The Interpublic Group Posts A Larger Third-Quarter Loss Than Last Year
By: Stuart Elliott. The New York Times, November 12, 2003
Court Approves Dynacq Derivative Settlement
By: Staff Writer. Business Wire, November 11, 2003
Homestore Reports Third Quarter 2003 Results; Reduced Operating Losses, Preliminary Approval Of Class Action Settlement Received
By: Staff Writer. Business Wire, November 11, 2003
Extreme Networks Accepts Lawsuit Settlement Proposal
By: Tom Becker. Dow Jones News Service,
November 10, 2003
Court Oks First Settlement In Enron-Andersen Lawsuits
By: Staff Writer - Associated Press. Chicago Tribune, November 8, 2003
DPL To Settle Suit For $145 Million; Utility Denies Wrongdoing In Settlement
By: Christopher Montgomery and Tom Beyerlein. Dayton Daily News (Ohio), November 7, 2003< | | |
