Blog Detail
Florida Securities Litigation & Arbitration by Jay Eng
http://floridasecuritieslitigation.com/
Discussion and commentary of recent trends in securities class action litigation and FINRA arbitrations, SEC regulatory developments, FINRA disciplinary decisions, and noteworthy events in the financial markets.
Recent Posts
NINTH CIRCUIT SAYS LEAD PLAINTIFF SELECTS LEAD COUNSEL, NOT TRIAL JUDGE
On November 5, 2009, the Ninth Circuit issued an Opinion regarding the PSLRA’s provision for selection of lead counsel after the trial court did not appoint as lead counsel, the law firm selected by the court-appointed lead plaintiff. The Cour...
SEC ISSUES UPDATED GUIDANCE ON INTERPRETATION OF ACCOUNTING RULE FOR OIL & GAS INDUSTRY
On October 30, 2009, the SEC issued updated guidance on how its staff interprets accounting rules concerning the oil and gas industry. The changes in Staff Accounting Bulletin No. 113 include: • changing the price used in determining quantities of...
SENIOR SUPERVISORS GROUP ISSUES A REPORT TITLED RISK MANAGEMENT LESSONS FROM THE GLOBAL BANKING CRISIS OF 2008
On October 21, 2009, the Senior Supervisors Group issues a report titled Risk Management Lessons from the Global Banking Crisis of 2008 discussing the “vulnerabilities of financial firms whose business models depended too heavily on uninterrupt...
UnitedHealth Securities Litigation Objectors, Rejected.
On September 4, 2009, District Judge Rosenbaum entered an Order in the In re UnitedHealth Group Incorporated PSLRA Litigation, Case No. 06-CV-1691 (JMR/FLN) (D. Minn. Sep. 4, 2009), denying the petition of certain objectors to the settlement who argu...
UnitedHealth Securities Litigation Objectors, Rejected.
On September 4, 2009, District Judge Rosenbaum entered an Order in the In re UnitedHealth Group Incorporated PSLRA Litigation, Case No. 06-CV-1691 (JMR/FLN) (D. Minn. Sep. 4, 2009), denying the petition of certain objectors to the settlement who argu...
JUDGE RAKOFF REJECTS BANK OF AMERICA SETTLEMENT WITH SEC IN CONNECTION WITH THE MERRILL MERGER
On September 14, 2009, District Judge Rakoff entered an Order rejecting the proposed settlement between Bank of America and the SEC. See prior blog regarding this settlement. ...

