Maryland Daily Record Maryland's trusted source for business and legal news
Few crimes on Wall Street generate more headlines than insider trading.
Tagged with: insider trading legal action securities and exchange commission
Read More »Illegal profits: A look at insider trading
SEC loses third insider-trading action in year
The U.S. Securities and Exchange Commission, in a third insider-trading trial defeat in the past year, lost its lawsuit claiming that STEC Inc.’s former chief executive officer made $134 million by selling stock before divulging a sales setback to investors.
Tagged with: insider trading legal action securities and exchange commission
Read More »Facebook warns employers not to demand passwords
NEW YORK — Facebook is warning employers not to demand the passwords of job applicants, saying that it’s an invasion of privacy that opens companies to legal liabilities. The social networking company is also threatening legal action. An Associated Press ...
Tagged with: facebook legal action passwords social network
Read More »Possible SEC move vs. S&P may be first legal shot
WASHINGTON — The Securities and Exchange Commission is considering taking civil action against Standard & Poor’s for its rating of a 2007 mortgage debt offering. Such action could be just the first shot in a legal assault against the major ...
Tagged with: fitch ratings goldman sachs legal action s&p securities and exchange commission wall street
Read More »Lawyer: Phone hacking legal action to begin in U.S.
LONDON — A lawyer for many of Britain’s phone hacking victims said Friday that legal action would be launched in the United States against Rupert Murdoch’s News Corp. Mark Lewis told The Associated Press that lawyers in the United States ...
Tagged with: lawyer legal action london news corp phone hacking
Read More »NBA takes legal action against locked-out players
Trying to head off the chance of an antitrust lawsuit from the NBA Players Association, the league went ahead and beat the union to court. The NBA filed two claims against the NBAPA on Tuesday — an unfair labor practice ...
Tagged with: lawsuit legal action lockout National Labor Relations Board NBA
Read More »Original bidder for Baltimore casino license plans more legal action
ANNAPOLIS — The state is seeking a new developer to build a casino in downtown Baltimore, but the process, already ensnared in a legal challenge, could be pulled back into court as soon as Wednesday. Baltimore City Entertainment Group said ...
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Read More »Frederick County seeks laws to curb illegal immigration
FREDERICK— The Frederick County Commissioners are asking state lawmakers to take action against illegal immigration. The all-Republican board voted Thursday on a set of legislative proposals that were forwarded to the county’s delegation to the General Assembly. One proposal would ...
Tagged with: commissioners democrat frederick frederick county GOP illegal immigration laws legal action maryland public schools republican undocumented
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