securities exchange act

Supreme Court Issues Decision in Securities Fraud Case

June 22, 2011 16:05

On June 13, 2011, the United States Supreme Court rendered a decision in the Janus Capital Group, Inc. v. First Derivative Traders, No. 09-525.  In a 5-4 decision, the Court held that a mutual fund’s investment adviser cannot be held liable for securities fraud under Rule 10b-5 over...

Fifth Circuit Voids Tax Scam Case Against One of Its Authors

Barry Barnett
October 28, 2010 13:19

If you've tired of hearing campaign promises about tax cuts, repeal of tax cuts, extension of tax cuts, tax cuts for the middle class, tax cuts for income over $250,000 a year, and the like -- relax. Let Blawgletter tell...If you've tired of hearing campaign promises about tax cuts, repeal of tax...

Margin Violation Is Not An Affirmative Defense To An Action On A Note

Michael E. Rigney
October 20, 2010 14:51

COSTELLO v. GRUNDON (October 18, 2010) Several senior Comdisco, Inc. employees participated in the company’s shared investment plan (SIP) program. Under the program: a) participants purchased Comdisco stock, b) the purchase was funded exclusively by personal loans, c) the participants...

Emerging Trend: States Curb Their Enthusiasm for Renewable Portfolio Standards?

September 20, 2010 21:36

Connecticut and California are considering changes to their renewable portfolio standards (RPS) that could be viewed as “scaling back” the targets.  This could be a near-term effort to address high utility rates during an economic downturn and an election season, or the start...

The "Conflict Minerals" Provision in the Dodd-Frank Act Imposes New Disclosure Requirements on Manufacturers

July 22, 2010 21:30

Section 1502 of the Dodd-Frank Act amends Section 13 of the Securities Exchange Act of 1934 to impose a new reporting requirement on publicly traded companies that manufacture products for which “conflict minerals” are necessary to their functionality or production. To read the full...