PETER J. BISCONTINI The United States Court of Appeals for the Second Circuit affirmed decision of district court granting summary judgment in favor of news service on grounds that documents news service requested from Board of Governors of Federal Reserve System pertaining to loans made to private banks were not […]
Volume 13-1
THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT: A MISSED OPPORTUNITY TO REIN IN TOO-BIG-TO-FAIL BANKS
BY CHRISTIAN EVANS The financial crisis of 2008 has been called the worst economic disaster since the Great Depression. In the 1930s, during the Great Depression, President Roosevelt looked to Congress to overhaul the financial sector. He wanted the regulatory loopholes that contributed to the crisis sealed off. In response, […]
THE TIMELINESS OF FILING A PRIVATE SECURITIES FRAUD VIOLATION DEPENDS UPON THE ACTUAL OR CONSTRUCTIVE DISCOVERY OF SCIENTERRELATED FACTS: MERCK & CO. INC. V. REYNOLDS
BY KAREN KANE The Supreme Court of the United States affirmed a judgment of the Court of Appeals for the Third Circuit against Merck & Co. by holding that the complaint filed by the investors was not barred by the limitations period but was timely because the investors had not […]
IMPACT OF THE DODD-FRANK AND REGISTRATION ACTS OF 2010 ON INVESTMENT ADVISERS
BY JAMES F. KOEHLER, ESQ. AND P. WESLEY LAMBERT, ESQ. On July 21, 2010, the President signed into law the most sweeping piece of financial reform legislation experienced by this country since the Great Depression. This legislation, titled the Dodd-Frank Wall Street Reform and Consumer Protection Act1 (the “Dodd-Frank Act”) […]
THE THIRD CIRCUIT DECLINES TO RECOGNIZE THE FRAUD CREATED THE MARKET THEORY AS A MEANS OF PRESUMING RELIANCE IN CLASS ACTION SECURITIES FRAUD CASES: MALACK V. BDO SEIDMAN, LLP
BY JESSE KRUEGER The United States Court of Appeals for the Third Circuit affirmed denial of class certification to note purchaser on basis that reasonable reliance could not be presumed based on the fraud created the market theory and that the fraud created the market theory does not apply… Continue […]
THE FIX IS IN: CAN THE ASYMMETRIC CONDITION OF REGULATORY OVERSIGHT IN THE U.S. CAPITAL MARKETS BE CORRECTED?
BY JAMES W. RATHZ As the United States financial markets approach the end of the first decade of the 21st century, financial compliance as implemented by the regulated enterprise remains as varied as the businesses subject to regulatory oversight. Continue Reading>
