March 24, 2015
by Addison Morris
The US Supreme Court their ruled Tuesday in Omnicare, Inc. v. Laborers Dist. Council Constr. Industry Pension Fund that a statement of opinion does not qualify as an "untrue statement" even if the opinion ultimately turns out to be incorrect. The federal government filed a claim against Omnicare, ...[read more]
April 24, 2014
by Stephanie Kogut
JURIST Guest Columnist Joseph La Rue of Alliance Defending Freedom discusses the significance of the Supreme Court's future ruling in the birth control mandate contained with the Affordable Care Act Imagine that you are a member of People for the Ethical Treatment of Animals and opposed to the ...[read more]
April 13, 2013
by Max Slater
The US House of Representatives passed a bill on Friday that exempts senior government officials from having to report their financial information online. The bill amends the Stop Insider Trading on Congressional Knowledge Act (STOCK Act) to remove many senior government officials from the ...[read more]
September 14, 2012
by Dan Taglioli
A judge for the US District Court for the District of Maryland on Thursday blocked the enactment of the Stop Insider Trading on Congressional Knowledge Act (STOCK Act). Judge Alexander Williams, Jr. granted the plaintiffs' motion for a temporary preliminary injunction against the STOCK Act, which ...[read more]
April 8, 2012
by Matthew Pomy
US President Barack Obama on Wednesday signed the Stop Trading on Congressional Knowledge Act (STOCK Act), which prohibits members and employees of Congress, the president and thousands of other federal officials from using non-public knowledge in making investment decisions. The bipartisan ...[read more]
June 24, 2010
by Dwyer Arce
The US Supreme Court on Thursday ruled 8-0 in Morrison v. National Australia Bank that the Securities and Exchange Act of 1934 (SEA) does not provide a cause of action to foreign plaintiffs suing for misconduct occurring on foreign stock exchanges. The court held that, as a general rule, unless a ...[read more]
November 30, 2009
by Jay Carmella
The US Supreme Court on Monday granted certiorari in three cases. In Morrison v. National Australia Bank, the Court will consider whether foreign investors are entitled to bring fraud-on-the-market claims under Section 10(b) of the Securities and Exchange Act of 1934 when the stock purchased was ...[read more]
December 12, 2008
by Jaclyn Belczyk
Former NASDAQ stock market chairman Bernard Madoff was arrested Thursday by federal agents on charges of securities fraud. The US Securities and Exchange Commission (SEC) charged Madoff and his investment firm, Bernard L. Madoff Investment Securities LLC, on Thursday with engaging in a multi- ...[read more]
September 19, 2008
by Devin Montgomery
New York Attorney General Andrew Cuomo Thursday said his department is conducting an investigation into whether some investors used illegal methods to profit from recent declines in banking and insurance stocks. It is alleged that some investors combined the short-selling of stock with the ...[read more]
August 14, 2008
by Devin Montgomery
The US Securities and Exchange Commission (SEC) announced on Wednesday that it has reached a tentative agreement with ten US stock exchanges to centralize insider trading controls among the institutions. Under the plan, the programs to prevent and detect insider trading will be centrally ...[read more]

Support JURIST

We rely on our readers to keep JURIST running

 Donate now!

© Copyright JURIST Legal News and Research Services, Inc., 2013.