News Securities [05/15] Judge: Countrywide shareholders' suit can proceed [05/15] SEC charges Broadcom co-founders in options probe [05/15] Sony shares rise in Tokyo after upbeat earnings [05/12] MBIA slides to huge 1Q loss on hefty charges [05/09] Activision shares soar after 4Q results fly past estimates [05/09] Japanese shares drop on Toyota outlook [05/08] Nasdaq first-quarter profit surges on boost from OMX buyout [05/08] Wal-Mart same-store sales top Wall Street expectations [05/06] Yahoo facing shareholder fireworks at July 3 annual meeting [05/06] NYSE Euronext profit triples on higher volumes More... Articles

Case Summaries Securities Law [05/13] Estate of Pew v. Cardarelli In an appeal primarily addressing whether a claim fell within the exception to the Class Action Fairness Act's ("CAFA") grant of original and appellate jurisdiction for class actions which solely involve claims concerning certain rights and duties related to any security, the circuit court: 1) rules that the suit at hand does not fall within such exception to CAFA jurisdiction, and thus it has authority to accept an appeal from a remand order; 2) grants defendant's petition for leave to appeal; and 3) reverses the district court's remand order on the merits. [05/12] Kornman & Assocs. Inc. v. US In a proceeding under the Tax Equity and Fiscal Responsibility Act (TEFRA) in which plaintiffs were alleged to have attempted to create an artificial tax loss through the short sale of Treasury Notes and the transfer of partnership interests, summary judgment for the government and dismissal with prejudice of a petition for readjustment of partnership items is affirmed where the obligation to close a short sale is a liability for purposes of I.R.C. section 752. [05/06] In re: Slatkin Summary judgment in favor of bankruptcy trustee, avoiding under 11 U.S.C. section 548(a) and California Civil Code section 3439.04(a) certain transfers made by the debtor during his operation of a Ponzi scheme, is affirmed where: 1) the bankruptcy court did not abuse its discretion in denying appellants-investors' motion for a continuance to conduct further discovery; 2) investors' right to a jury trial was not violated by the grant of summary judgment; 3) the bankruptcy court properly determined that debtor acted with the actual intent to "hinder, delay, or defraud" his creditors; 4) a determination that debtor was not a "stockbroker" under the Bankruptcy Code was proper; and 5) prejudgment interest was properly awarded. More... FAQs