Tuesday, December 7, 2010

Daily Update from Securities Docket

Daily Update from Securities Docket

Link to Securities Docket

Securities Docket News Wire for Dec. 7, 2010

Posted: 07 Dec 2010 06:15 AM PST

Arnold Spencer Joins Haynes and Boone in Dallas

Posted: 06 Dec 2010 01:58 PM PST

Arnold Spencer has joined law firm Haynes and Boone, LLP as a partner in its Dallas office. The firm announced last week that Spencer has joined its white collar criminal defense practice group.

Previously, Spencer served for more than ten years in the U.S. Attorney's Office for the Eastern District of Texas, as an AUSA and Chief of the Criminal Division.

Read the Haynes & Boone press release

December 16 Webcast: F-Cubed Update–Six Months After Morrison v. NAB

Posted: 06 Dec 2010 12:55 PM PST

Six months ago, the U.S. Supreme Court's ruling in Morrison v. National Australia Bank sent shock waves through the securities litigation world when it appeared to strike the death knell for so-called “f-cubed” cases brought in U.S. courts (i.e., claims by foreign investors who purchased shares of foreign companies on foreign exchanges). In fact, some have interpreted the Morrison case to also mark the end of "f-squared" cases: claims by U.S. investors who purchased shares of foreign companies on foreign exchanges.  Some investors, however, have argued that Morrison does not go this far, and that it provides that U.S. courts can hear cases involving the purchase of stock on a foreign exchange if that stock is listed on an American exchange.

This webcast will look at the impact of the Morrison case in existing cases such as the massive verdict for plaintiffs in Vivendi, and in over a dozen other cases now pending in federal courts around the U.S. in which the parameters of Morrison are being tested. Our panel will examine the related "extraterritorial" powers and responsibilities delegated to the U.S. Securities and Exchange Commission under Dodd-Frank. It will also take a look at whether securities class actions are influencing whether foreign issues choose to list their securities in the United States, and whether Morrison will impact this question.

Please join Jordan Eth, partner at Morrison & Foerster LLP, and Adel Turki, Senior Vice President of Cornerstone Research, as they address these issues and your questions. This free, one hour webcast is scheduled for Thursday, December 16, 2010 at 2 p.m. Eastern. To attend, please register below.

December 15 Webcast: Follow the Money–Using Technology to Find Fraud or Defend Financial Investigations

Posted: 06 Dec 2010 12:17 PM PST

Financial investigations with high volumes of documentation are difficult, time-consuming, and not always effective. Traditional forensic accounting techniques rely primarily on a manual analysis of the documentation, combined with data entry or other primitive means to capture the numbers.

New cutting-edge technology is changing the face of financial investigations, however, allowing a forensic accountant to capture all data, reconcile the data to ensure accuracy, and map out the flow of funds. Indeed, this software is now in use in U.S. Attorney’s offices around the country, helping the government develop its financial fraud investigations.

This webcast will explain and demonstrate how the latest technology, combined with the skills of a qualified forensic accountant, can offer lawyers and clients superior results in litigation. Faster, more thorough results provide a litigation advantage, allowing lawyers to plan a strategy sooner and with the best available information. Please join panelist Tracy Coenen of Sequence Inc. Forensic Accounting for a demonstration of how this forensic accounting system works, the types of financial data that can be analyzed, the charts and graphs that help evaluate the data, and a variety of outputs that can help you win your cases.

This free webcast is scheduled for Wednesday, December 15, 2010 at 2 p.m. Eastern. To attend, please register below.

Dec. 14 Webcast: Corporate Compliance after Dodd-Frank: One Voice; How Many Masters?

Posted: 06 Dec 2010 12:03 PM PST

On November 3, 2010, the Securities and Exchange Commission issued proposed rules implementing what the Commission described as a "whistleblower program to reward individuals who provide the agency with high-quality tips that lead to successful enforcement actions.” The rules reflect the Commission's attempt to implement the new whistleblower laws set forth in the Dodd-Frank Wall Street Reform and Consumer Protection Act while accommodating a host of competing policy interests. Among the tricky issues facing the SEC are the conflicts between the economic interests of employees who possess information that might result in a successful enforcement action and the government's interest in encouraging robust internal controls supported by employee reporting; and the inherent conflict between corporate interest in confidentiality, including confidentiality in business relationships, and the need to self report possible internal misconduct and the misconduct of commercial counterparties.

This webcast will examine the SEC's proposed new whistleblower rules and their implications for internal controls and compliance programs, investigations, self-reporting incentives and employer/employee relations, including executive compensation and employee reporting responsibilities.

Please join Byron Egan and Jeffrey M. Sone, partners with the Jackson Walker L.L.P. law firm in Dallas, and Jeff Litvak and Gary Kleinrichert of FTI Consulting in Chicago as they address these issues and your questions. This free webcast is scheduled for Tuesday, December 14, 2010 at 1 p.m. Eastern. To attend, please register below.
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