Corporations & securities brief ~ SEC may bring action against NYSE
Leading Wednesday's corporations and securities law news, the SEC will bring an enforcement action against the NYSE for failing to supervise its floor-trading specialists. The action, which is expected to be brought by mid-February, will...
Supreme Court to review accounting firm's conviction in Enron case
The US Supreme Court announced Friday that it would hear an appeal brought by the Chicago-based accounting firm Arthur Andersen, previously convicted for obstruction of justice by destroying documents related to the fall of the Enron Corp. Andersen was...
Corporations & securities brief ~ SEC finalizes hedge fund rule
In Monday's corporations and securities law news, the SEC has released a final rule relating to the registration of hedge fund advisors with the agency by February 1. Critics charge that the SEC does not have the legal authority...
Corporations & securities brief ~ AIG settles with SEC, DOJ
In Tuesday's corporations and securities law news, the SEC announced American International Group Inc. (AIG), the world's largest insurance company, has agreed to pay $126 million to settle charges it helped companies fraudulently inflate earnings. AIG will pay a...
Corporations & securities brief ~ Martha Stewart asks company to reimburse legal bills
In Wednesday's corporations and securities law news, Martha Stewart Omnimedia Inc. announced Martha Stewart has asked the company to reimburse her for $3.7 million in legal bills. Stewart, who is currently appealing her conviction for lying to investigators about...
Pharmaceutical giant Merck and Co., maker of the recalled pain reliever drug Vioxx, said Monday it had been served a subpoena by the US Department of Justice and that it is also the subject of an inquiry by the...
