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Market Manipulation: A Stock Opera
In their Corporate and Securities Litigation column, Sarah S. Gold, a partner at Proskauer Rose, and Richard L. Spinogatti is a senior counsel at the firm, analyze a recent decision holding that Section 10(b) and Rule 10b-5 extend to "a manipulative scheme by an officer of a corporation to gain control [of] the stock's float, artificially inflate its share price through fraud on the market, and reap substantial gains by selling off his shares while causing the corporation and its other shareholders to suffer losses."
Homeland Security Trying to Enlist a Few Good Attorneys
The Department of Homeland Security is seeking a few good lawyers -- 68 to be exact. These lawyers, the inaugural staff of the department's Office of the General Counsel, will have their work cut out for them, as the hub of a network of more than 1,000 government lawyers. Not only will they organize their own newly created office, but they'll be assisting with a massive restructuring of 22 federal agencies and a bureaucracy of more than 170,000 employees that make up the Department of Homeland Security$1.5 Mil. Awarded in Phila.�s Second Hormone Therapy Trial
A Philadelphia jury has awarded $1.5 million in compensatory damages to an Arkansas couple in the second hormone therapy case to go to verdict in the city�s court system.
Discussing the Elements of Effective Retirement Counseling
The process and success of retirement requires consideration of several areas of planning and decision-making, in many of which lawyers can play a role. For those approaching retirement, it is difficult to decide which providers of products and services to engage.
Charitable Donations Require Attention to Both Form and Substance
In the recently decided case of Mohamed v. Commissioner, TC Memo 2012-152 (5/29/2012), the Tax Court denied taxpayers a charitable deduction for a donation of real property with a value in excess of $18 million that a husband and wife contributed to their charitable trust.Spitzer Must Be Heard on Access to Emails, Panel Finds
If the AIG civil fraud defendants want Eliot Spitzer's private emails, and if the attorney general wants to avoid any obligation to retrieve the correspondence, somebody really ought to talk to Spitzer, an appellate panel said Thursday.
BankAtlantic CEO says banking is ?risky business?
Alan Levan, BankAtlantic Bancorp?s chief executive officer, testified that banking ?is a risky business? and top executives took responsibility for making judgment calls on developer loan applications before the housing collapse.N.Y. Judge to Guide Multidistrict Litigation Over Bayer Device
Approximately 40 lawsuits filed over problems associated with the Mirena intrauterine contraceptive device have been coordinated in multidistrict litigation before Southern District Judge Cathy Seibel.
Decline in Securities Litigation Against U.S.-listed Chinese Companies
Securities litigation filings in U.S. courts dropped 20 percent in 2012, a new study shows&largely because of a decline in the number of suits filed against Chinese companies.Appeals opening reported at bar meeting
Politics and money dominated a wide-ranging discussion about judicial selection at the State Bar annual meeting. For those not dissuaded by the need to raise staggering sums of money to campaign for a state judicial seat, another opportunity has emerged. Court of Appeals Judge Edward H. Johnson announced at the Amelia Island, Fla.Trending Stories
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