HOT DOCS

S.E.C. v. Teo (3rd Cir.)

BRIEF – A jury found that Teo made material misrepresentations in public filings about his ownership of shares in Musicland. Teo challenges the admissibility of a previous judgment for insider trading and his allocution. The S.E.C. argues that under Rule of Evidence 404(b) the allocution’s similar acts showed Teo’s intent and rebutted his testimony that he lacked intent.

SEC v. Investors Registry (D. Ariz.)

COMPLAINT - The S.E.C. has filed a complaint against Michael J. Southworth and The Investors Registry alleging violation of anti-touting provisions of the federal securities laws, and requesting a permanent injunction and disgorgement of ill-gotten gains.

In re Anadigics Inc. Sec. Litig. (3d Cir.)

OPINION - Securities fraud claim alleged materially false and misleading representations concerning Anadigics' manufacturing capacity, its ability to meet the demand for its products, its customers' ordering practices and other related matters. Each of the statements was either a non-actionable forward-looking statement or was inadequately supported by particularized factual allegations demonstrating its falsity or that it was made with the requisite scienter.

COURT WIRE: JUST FILED