The deferred prosecution agreement with the DOJ could yield new information about a failure at the bank to police transactions linked to Mexico, sources said.
S.E.C. v. Innovida (S.D. Fla.)
COMPLAINT - The SEC has filed a complaint alleging fraud by Claudio Osorio, and Craig Toll in soliciting investments by overstating the value of company InnoVida and defendants’ and others’ level of investment, and misrepresentations regarding financial condition of company and use of funds.
In re L & L Energy Inc. Sec. Litig. (W.D. Wash.)
ORDER - Plaintiff stockholders have failed to show the company knowingly mislead them in overstating the company's consolidated revenues and falsely claiming ownership of certain mining interests.
Highland Capital Mgmt. L.P. v. Ryder Scott Co. (Tex.Ct. App., 1st Dist.)
OPINION ON REHEARING - Summary judgment was proper where investors charged petroleum engineering firm with fraud and negligence in over-estimating oil deposits. Cautionary language was clear and prominent and plaintiffs failed to offer evidence supporting the damages element.
The Appellate Division, First Department, held that the losses shown on Madoff's fraudulent account statements could not be claimed.
The meeting will examine whether regulators should impose new rules to protect markets from glitches in a world of high-speed computerized trading.
In most cases, JPMorgan said it would disclose more information to investors or add clarifying statements in future filings.
The charges against Huakang "David" Zhou and his firm is the latest action by the regulator as it cracks down following a rash of accounting scandals at U.S.-listed Chinese companies.
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