Legal Eagle Review

SEC Announces Roundtable on Microcap Securities

Written by Legal Eagle Review
Monday, 26 September 2011
Washington, DC - The Securities and Exchange Commission announced that it will host a public roundtable next month to discuss the unique regulatory issues surrounding the execution, clearance, and settlement of microcap securities.
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SEC Proposes Rule to Prohibit Conflicts of Interest in Certain Asset-Backed Securities Transactions

Written by LER
Monday, 26 September 2011
Washington, DC - The Securities and Exchange Commission voted unanimously to propose a rule intended to prohibit certain material conflicts of interest between those who package and sell asset-backed securities (ABS) and those who invest in them.
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Odyssey to Request En Banc Hearing in "Black Swan" Case

Written by GNW
Wednesday, 21 September 2011
Orlando, Florida - Odyssey Marine Exploration, Inc. (Nasdaq:OMEX), today announced that it will request an en banc hearing (a hearing before all the Eleventh Circuit Court of Appeals judges) in the "Black Swan" case and will point out that today's decision by a panel of only three judges from the Eleventh Circuit affirming the district court's dismissal of the case is contrary to other Eleventh Circuit opinions and rulings by the United States Supreme Court.
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FINRA Arbitration Case Against UBS for the Sale of Lehman Brothers Structured Products

Written by Globe NewsWire
Wednesday, 21 September 2011
Miami, Florida - The securities law firm Dimond Kaplan & Rothstein, P.A. has filed a new FINRA arbitration claim against UBS Financial Services, Inc. on behalf of an investor who lost $1 million in a Lehman Brothers structured product. The claim alleges that UBS represented the security as conservative and safe, whereas the Lehman Brothers note actually was very risky.
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Interior Department Assistant Secretary and Chief of Staff Thomas Strickland Joins WilmerHale

Written by Legal Eagle Review
Wednesday, 21 September 2011
Washington, DC - WilmerHale is pleased to announce that Thomas Strickland has joined the firm as a partner in its Washington DC office. Mr. Strickland is the former Chief of Staff and Assistant Secretary for Fish and Wildlife and Parks for the United States Department of the Interior.
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Investigation Into Mortgage Reinstatement Fee Practices Announced

Written by LER
Wednesday, 21 September 2011
Cincinnati, Ohio - The law firm of Statman, Harris & Eyrich, LLC, which has significant experience in class actions, announces an investigation on behalf of residential borrowers in foreclosure who paid fees in conjunction with reinstatements of their mortgages.
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Northern California Man Pleads Guilty to Selling Counterfeit ALLDATA Products

Written by GNW
Wednesday, 21 September 2011
Elk Grove, California - ALLDATA LLC, the leading provider of manufacturers' automotive repair information and solutions for the professional automotive service and collision repair industries, announced the successful prosecution of a software counterfeiting operation.
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