Securities Law News
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Updated 2 hours, 53 minutes ago
The Mongolian Parliament passed a securities law that removes a ban on trading of foreign shares, paving the way for local listings by overseas companies.
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Seyfarth Shaw LLP hired Steven R. Meier for its corporate department in Chicago. Meier joins Seyfarth from Jenner & Block LLP, where he was the co-chairman of the real-estate securities practice and a member of its tax department, the firm said in a statement.
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The Florida city of South Miami misled investors by failing to disclose that it had used tax- exempt bond proceeds to help a developer finance a downtown parking and retail project, according to U.S. regulators.
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Law firm leaders are failing to make the changes necessary to effectively manage their enterprises under today’s conditions, according to a new survey by consultant Altman Weil.
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All company founders will fight to keep their jobs, maybe none more so than Barry Portnoy and his son Adam.
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Cheung Kong Holdings Ltd., the developer controlled by Asia’s richest man, is canceling the sale of HK$1.4 billion ($180 million) of hotel rooms after Hong Kong’s securities regulator began a probe into the transactions.
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Baker Botts LLP announced three lateral hires last week including international tax lawyer Don J. Lonczak and capital markets lawyer Bonnie A. Barsamian.
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Barclays Plc won dismissal of a lawsuit by holders of its American depositary receipts who claimed the U.K. bank misled shareholders about its manipulation of the London Interbank Offered Rate, or Libor.
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Morgan Keegan & Co. is seeking to dismiss a petition that claims the underwriter made fraudulent statements when offering $39 million of now-defaulted municipal bonds for an artificial-sweetener plant in Moberly, Missouri.
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The U.S. Securities and Exchange Commission sued Subaye Inc. for fraud, saying the Chinese video- advertising and entertainment company misled investors about its financial prospects and revenue.
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