On March 22, 2013, we posted a blog entitled S.A.C. Affiliate Settles Largest Insider Trading Case with $600 million Settlement, that detailed how SAC agreed to pay more than $600 million to settle SEC charges that it participated in an insider trading scheme. However, this was not the end of SAC’s problems. On March 29,…
The SEC has agreed in principle with eight former directors of five Morgan Keegan mutual funds to settle a civil enforcement action brought in December 2012. In the December action, the SEC charged the directors with failing to exercise their responsibilities to ensure accurate valuations of the assets in mutual funds, which included holdings in…
*While this website provides general information, it does does not create an attorney-client relationship. The best way to get guidance on your specific legal issue is to contact a lawyer. To schedule a meeting with an attorney, please call or complete the form here.