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Cady Bar the Door Insight & Commentary on SEC Enforcement Actions and Related Issues

Monthly Archives: July 2012

Wells Notices May Not Compel Disclosure, at Least for Now

Posted in SEC Litigation, Structured and New Products

On June 21st, Judge Paul Crotty largely denied a motion to dismiss in Richman v. Goldman Sachs Group, Inc. (S.D.N.Y.), private litigation surrounding the same CDOs that were the subject of the SEC’s famous enforcement action against Goldman in 2010.  While many of the plaintiffs’ claims survived to reach discovery, the court rejected one: a… Continue Reading

Even Domestic Bribery Falls within the SEC’s Jurisdiction

Posted in Accounting Fraud, FCPA

Much ink has been spilled in recent years discussing the SEC’s and Justice Department’s focus on the Foreign Corrupt Practices Act, a law that prohibits paying bribes to foreign government officials.  While the federal criminal code has provisions prohibiting bribery of domestic public officials, see 18 U.S.C. § 201, domestic bribery has rarely been a… Continue Reading