Corporate law - primary-violator liability under 10(b) applies to outside business partners in suits brought by shareholders - Simpson v. AOL Time Warner, Inc.
Corporate Law--Primary-Violator Liability Under 10(b) Applies to Outside Business Partners in Suits Brought by Shareholders--Simpson v. AOL Time Warner, Inc., 452 F.3d 1040 (9th Cir. 2006) Section 10(b) of the Securities Exchange Act of 1934 makes it illegal for a person "to use or employ, in connection...

WB seeks exemption from SEC on registration of peso bond issue.
Byline: ANA MARIE MACUJA The World Bank is seeking the approval of the Securities and Exchange Commission (SEC) to exempt its future bond issuance from the registration requirements of the Securities Regulation Code (SRC). In a letter addressed to SEC chairperson Fe Barin, World Bank...

Securities law - First Circuit limits scope of "safe harbor" disclosure loophole under misappropriation theory of insider trading.
Securities Law--First Circuit Limits Scope of "Safe Harbor" Disclosure Loophole Under Misappropriation Theory of Insider Trading--SEC v. Rocklage, 470 F.3d 1 (1st Cir. 2006) In Oliver Stone's film Wall Street, Gordon Gekko's philosophy that "greed is good" exposed the widespread corporate culture of excess and ruthlessness that...

Securities regulation; selected statutes, rules, and forms, 2005.
KF1438 0-7355-3987-1 Securities regulation; selected statutes, rules, and forms, 2005. Cox, James D. et al. Aspen Publishers, Inc., [c]2005 943 p. $35.50 (pa) A statutory supplement containing the text of statutes, rules, and forms that...

Siebel Hit with Second Disclosure Breach Charges.
By Kevin Murphy Siebel Systems Inc is the unwelcome recipient of a second charge that its executives violated US securities law by giving market-moving information to financial analysts without disclosing it publicly. The company could end up having to pay out a big settlement as...

Securities fraud.
I. INTRODUCTION Seven statutes regulate securities transactions.(1) Congress passed the most important of these, the Securities Act of 1933 ("1933 Act") and the Securities Exchange Act of 1934 ("1934 Act"), in response to fraud in securities markets and a perceived lack of public information in the stock...

Securities fraud.
I. INTRODUCTION Seven statutes regulate Federal securities transactions. (1) Congress passed the most important of these, the Securities Act of 1933 ("1933 Act") and the Securities Exchange Act of 1934 ("1934 Act"), in response to fraud in securities markets and a perceived lack of public information about...

The limitations of the Sarbanes-Oxley Act.
POORLY DESIGNED corporate legislation can retard innovation and warp economic growth while good policy can create confidence in the capitalist system, encourage prudent risk-taking, and foster growth. Yet, even the most thoughtful and balanced legislation has its limitations. In the wake of unprecedented corporate failures due to managerial fraud,...

Securities fraud.
I. INTRODUCTION II. ELEMENTS OF THE OFFENSE A. Substantive Fraud 1. Material Misrepresentations and Omissions a. Misstatements and Omissions b. Materiality c. Intent i. Scienter ii. Willfulness d. Reliance e. Entanglement Liability 2. Insider Trading a. The Classical Theory b. The Misappropriation Theory c. Strict Regulation Under Rule 14e-3...

Securities fraud.
I. INTRODUCTION II. ELEMENTS OF THE OFFENSE A. Substantive Fraud 1. Material Misrepresentations and Omissions a. Misstatements and Omissions b. Materiality c. Intent i. Scienter ii. Willfulness d. Reliance e. Entanglement Liability 2. Insider Trading a. The Classical Theory b. The Misappropriation Theory c. Strict Regulation Under Rule 14e-3...