September 12, 2014 | The American Lawyer
Former Exec of Advanced Cell Technology Settles SEC ChargesAdvanced Cell Technology and its former chief executive officer agreed to settled charges brought by the Securities and Exchange Commission alleging that the executive defrauded investors by waiting two years to report his sales of the company's stock.
By Jamille Sutton
2 minute read
September 10, 2014 | The American Lawyer
SEC Charges Hedge Fund Manager with Defrauding InvestorsThe Securities and Exchange Commission charged a Minneapolis hedge fund manager, his investment advisory firm Archer Advisors LLC, and his assistant with defrauding investors in two hedge funds out of over $1 million by charging fake research and expense fees, the agency announced Monday.
By Jamille Sutton
2 minute read
September 09, 2014 | The American Lawyer
Two Am Law Firms Advise on General Mills' Organic Food BuyFaegre Baker Daniels is representing General Mills in its $820 million purchase of organic food company Annie's as the company looks to capitalize on the rapidly growing demand for organic and natural foods. Proskauer Rose is counseling Annie's.
By Jamille Sutton
2 minute read
September 09, 2014 | The American Lawyer
Chiquita Delays Vote on Fyffes DealChiquita Brands International Inc. delayed its shareholder vote on the company's planned acquisition of its Irish rival Fyffes so that orange juice producer Cutrale Group and investment firm Safra Group could make their "best and final" offer to acquire the North Carolina-based banana producer.
By Jamille Sutton
2 minute read
September 09, 2014 | The American Lawyer
SEC to Implement New Rules for Asset ManagersThe Securities and Exchange Commission is putting together new rules meant to increase supervision over mutual funds, hedge funds and other firms in order to examine whether the asset management industry poses risks to the financial industry.
By Jamille Sutton
2 minute read
September 09, 2014 | The American Lawyer
Rakuten to Buy Ebates for $1 BillionRakuten Inc., Japan's biggest online shopping mall, has agreed to buy American rebate shopping website operator Ebates for $1 billion in what would be its fifth major international investment over the past year.
By Jamille Sutton
2 minute read
September 08, 2014 | The American Lawyer
I.S.S. Urges Chiquita Shareholders to Vote Against Fyffes DealAn influential shareholder adviser has recommended against Chiquita Brands International Inc.'s planned inversion with its Irish rival Fyffes, and instead proposes the company consider a rival takeover offer by Cutrale Group and Safra Group, announced on Friday.
By Jamille Sutton
2 minute read
September 05, 2014 | The American Lawyer
FINRA's Arbitration Head to RetireThe head of the Financial Industry Regulatory Authority's arbitration and disciplinary hearings units will retire in November after working with the regulator for the past 18 years, FINRA announced on Wednesday.
By Jamille Sutton
2 minute read
September 05, 2014 | The American Lawyer
SEC Charges L.A. Lawyers with Defrauding Foreign InvestorsA Los Angeles-based immigration lawyer, his wife and law firm partner were charged by the Securities and Exchange Commission with running a fraudulent scheme targeted at foreign investors looking to come to the U.S., the agency announced on Wednesday.
By Jamille Sutton
3 minute read
September 05, 2014 | The American Lawyer
Jersey Resident Pleads Guilty to Facebook Share SaleA resident of Lakewood, N.J. who is now serving a 22-year prison sentence for his role in a $200 million Ponzi scheme, pleaded guilty to charges in a separate fraud related to Facebook's initial public offering, the U.S. Justice Department announced on Wednesday.
By Jamille Sutton
2 minute read
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