Wednesday, January 5, 2011

Daily Update from Securities Docket

Daily Update from Securities Docket

Link to Securities Docket

Securities Docket News Wire for Jan. 5, 2011

Posted: 05 Jan 2011 06:30 AM PST

Rep. Artur Davis Joins SNR Denton in Washington, D.C.

Posted: 04 Jan 2011 02:20 PM PST

Former U.S. Representative Artur Davis has joined law firm SNR Denton in its Washington, D.C. office. The firm announced yesterday that Davis has joined its White Collar and Government Investigations team.

Davis joins SNR Denton from the U.S. Congress, where he served four terms as U.S. Representative for the 7th Congressional District of Alabama. He previously served as an Assistant U.S. Attorney in the Middle District of Alabama from 1994 to 1998.

Read the SNR Denton press release

January 26 Webcast: A Survey of the RMBS Litigation Landscape

Posted: 04 Jan 2011 01:09 PM PST

The fallout from the collapse of the U.S. housing market is far from over.  Institutional investors worldwide have suffered losses on purchases of toxic residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs) that were, in many cases, sold by Wall Street investment banks based upon false and misleading disclosures.  These alleged securities law violations have already resulted in a wave of investor litigation in state and federal courts throughout the country.

Our webcast program will dissect the RMBS litigation landscape, addressing the origination and securitization process, the litigation claims and defenses in these cases, the litigation scorecard thus far, and the potential exposure for the banks.  The discussion will feature a panel of experts deeply versed in this area:  Senior industry analyst Joshua Rosner, who has advised regulators and institutional investors on housing and mortgage finance issues; noted author and litigator Talcott Franklin, the author of the Mortgage and Asset Backed Securities Litigation Handbook, who has also established the RMBS Investor Clearing House; leading securities litigator Scott Musoff, partner at Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates, who represents financial institutions in multiple subprime, RMBS and CDO related cases;  and BLB&G partner and moderator Gerald Silk, who is representing numerous institutional investors in RMBS related actions.

Please join us for a discussion of the issues facing RMBS investors and their legal implications. This free webcast is scheduled for Wednesday, January 26, 2011 at 2 p.m. Eastern. To attend, please register below.

Douglas Greene Joins K&L Gates in Seattle

Posted: 04 Jan 2011 11:55 AM PST

Douglas W. Greene has joined law firm K&L Gates LLP as a partner in its Seattle office. The firm announced today that Greene has joined its commercial disputes practice, where he will focus on the defense of securities claims.

Greene joins K&L Gates from Wilson Sonsini Goodrich & Rosati. His practice focuses on the defense of public companies and their officers and directors in securities litigation, including securities class actions, SEC investigations and enforcement proceedings, and internal corporate investigations.

Read the K&L Gates press release

January 13 Webcast—100 Days And Counting: The Impact of the UK Bribery Act on U.S. Companies

Posted: 04 Jan 2011 08:40 AM PST

The UK has declared war on corruption with its new Bribery Act, which becomes effective in exactly 100 days. The battlefield is not confined to Great Britain's shores, however, and U.S. companies must take heed. With its long-arm jurisdiction, the Act applies to any business with operations in, or connections with, the UK. That means unlimited fines, confiscation of assets, debarment from EU contracts, and lengthy prison terms could be in store for those found guilty. And unlike the Foreign Corrupt Practices Act, there is no exemption for facilitation ("grease") payments or corporate hospitality.

This webcast is a "must attend" for general counsel, ethics officers and compliance counsel of any U.S. business that trades with or from the UK. Don't miss this opportunity to hear Vivian Robinson QC, general counsel to the UK's Serious Fraud Office; Barry Vitou, partner in Winston & Strawn's London office; Richard Kovalevsky QC, 2 Bedford Row; and David Childers, CEO of EthicsPoint answer your questions arising from the UK's long-arm jurisdiction bribery laws, including:

  • When will the long-arm jurisdiction of the law catch U.S. companies?
  • What should U.S. businesses be doing now to comply?
  • What should a U.S. organization do if it uncovers bribery?

This free, one hour webcast is scheduled for Thursday, January 13, 2010 at 12:00 p.m. Eastern. To attend, please register below.

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