• CDO Litigation Reaching a Crucial Stage
    06/10/2009 | (06/10/2009)

    “CDO Litigation Reaching a Crucial Stage,” Securities Docket Webcast.

  • Could the next wave of the credit crisis flood courthouses with commercial real estate securities lawsuits? The Wall Street Journal recently reported nearly unprecedented delinquency rates for the $700 billion of securitized loans backed by commercial real property assets and warned of alarming default and loss rates, particularly given the current climate for refinancing commercial mortgages. Standard & Poor's has announced that it intends to place on negative ratings watch an array of structured financial products backed by commercial real estate assets. Similar developments in the residential real estate market released a flood of litigation a little more than a year ago. Even if the commercial real estate market manages to keep its head above water, litigation is likely.

  • "Electronic Communications" SIFMA Compliance and Legal Division Annual Seminar Panel - The Compliance and Legal Division of the Securities Industry and Financial Markets Association (SIFMA-CL) held their 2009 Annual Seminar in Phoenix, Arizona on March 22 through March 25.

  • Securities Industry and Financial Markets Association "Compliance and Legal Division Seminar," "Securities Arbitration," Phoenix, AZ.

  • Disparities Seen in Federal Securities Fraud Sentences, New York Law Journal
    by: Steven D. Feldman | New York Law Journal (Subscription Required) | (03/20/2009)

    In every criminal case, the defendant must make a critical decision: go to trial or plead guilty. A slew of factors go into that decision. Three questions loom largest: how likely will the defense prevail at trial, what sentence do we anticipate if the defendant pleads guilty, and what is the likely sentence if the defendant is found guilty after trial? Here, we will concentrate on the latter two questions, which touch on the vagaries of sentences in securities fraud cases in the post-guidelines world.

  • Securities law practitioners should take note of a recent decision by United States District Judge Gerard E. Lynch, which marks the first use of the Securities and Exchange Commission’s new anti-fraud rules promulgated under the Investment Adviser Act.