Legal Eagle Review

SEC Charges San Diego-Based Investment Adviser and Its President with Fraud

Written by San Diego Newscape
Thursday, 10 November 2011
The Securities and Exchange Commission today charged a San Diego-based investment advisory firm and its president with fraud for failing to disclose a conflict of interest to clients and materially misrepresenting the liquidity of a hedge fund they managed.
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Three Former Directors at Military Body Armor Supplier Settle SEC Charges

Written by LER
Thursday, 10 November 2011
The Securities and Exchange Commission today announced that three former directors have agreed to more than $1.6 million in monetary sanctions to settle charges that they were involved in an accounting fraud at a major supplier of body armor to the U.S. military and law enforcement agencies.
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SEC Charges Feeders to Petters Ponzi Scheme

Written by Legal Eagle Review
Thursday, 10 November 2011
Washington, DC - The Securities and Exchange Commission today charged two Minnesota-based hedge fund managers and their firm for facilitating a multi-billion dollar Ponzi scheme operated by Minnesota businessman Thomas Petters.
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SEC Enforcement Division Produces Record Results in Safeguarding Investors and Markets

Written by LER
Thursday, 10 November 2011
The Securities and Exchange Commission today announced that the agency filed a record 735 enforcement actions in the fiscal year that ended September 30. This record number includes many cases involving highly complex products, transactions, and market practices, including those related to the financial crisis as well as insider trading by market professionals.
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SEC Obtains Record $92.8 Million Penalty Against Raj Rajaratnam

Written by LER
Thursday, 10 November 2011
The Securities and Exchange Commission obtained a record financial penalty of $92.8 million against billionaire hedge fund manager Raj Rajaratnam for widespread insider trading.
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Halfway House Owners Plead Guilty to Kickback Scheme

Written by DOJ
Thursday, 10 November 2011
The two managers and operators of a Fort Lauderdale, Florida-area halfway house company pleaded guilty today for their role in a Medicare fraud kickback scheme that funneled patients through a fraudulent mental health company, American Therapeutic Corporation (ATC), announced the Department of Justice, FBI and Department of Health and Human Services (HHS).
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Scott+Scott LLP Confirms Filing of First Securities Class Action Lawsuit Against K-V Pharmaceutical

Written by GNW
Monday, 07 November 2011
San Diego, California - On October 19, 2011, Scott+Scott LLP filed a class action complaint against K-V Pharmaceutical Company ("K-V" or the "Company") (NYSE:KV-A) (NYSE:KV-B) and certain of the Company's officers in the U.S. District Court for the Eastern District of Missouri, Case No. 2011-cv-01816. The action for violations of the Securities Exchange Act of 1934 covers all purchasers of the common stock of K-V between February 14, 2011 and April 4, 2011, inclusive (the "Class Period").
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