Legal Opinion
Securities & Exchange Commission v. Bear, Stearns & Co.
District Court, S.D. New York
Decided June 10, 2009No. 03 Civ. 2937 (WHP)PublishedCited by 24 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
WILLIAM H. PAULEY III, District Judge:
Six years after the Securities and Exchange Commission’s (“SEC”) much-heralded announcement of the “Global Research Analyst Settlement,” more than $79 million intended for aggrieved investors cannot be distributed and continues to accrue interest. This predicament should have been anticipated by the parties prior to bringing these cases and the proposed consent judgments to Court. The quandary of what to do with undisbursable funds presents cautionary lessons for regulators, courts, and all other participants in securities fraud…
2Cases cited9 opinions
- Six (6) Mexican Workers v. Arizona Citrus Growers Bodine Produce Company, Inc. Robert Fletcher, D/B/A Fletcher FarmsCourt of Appeals for the Ninth Circuit · 1990
- Official Committee of Unsecured Creditors of WorldCom, Inc. v. Securities & Exchange CommissionCourt of Appeals for the Second Circuit · 2006
- William R. Van Gemert v. The Boeing CompanyCourt of Appeals for the Second Circuit · 1984
- In Re Motorsports Merchandise Antitrust LitigationDistrict Court, N.D. Georgia · 2001
- Securities v. Drexel Burnham Lambert, Inc.District Court, S.D. New York · 1997
4 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Nachshin v. Aol, LLCCourt of Appeals for the Ninth Circuit · 2011
- Fujiwara v. Sushi Yasuda Ltd.District Court, S.D. New York · 2014
- In Re Lupron Marketing and Sales Practices Litig.Court of Appeals for the First Circuit · 2012
- In re Currency Conversion Fee Antitrust LitigationDistrict Court, S.D. New York · 2009
- Securities & Exchange Commission v. Credit Bancorp, Ltd.District Court, S.D. New York · 2010
19 more not listed; retrieve them via the Exa API.