|
|
|
Court lets stand conviction of hedge fund founder
Current Cases |
2014/11/11 12:29
|
The Supreme Court has declined to disturb the conviction of San Francisco hedge fund founder Doug Whitman on insider trading charges.
The justices on Monday rejected Whitman's appeal of his 2012 conviction for securities fraud and conspiracy.
Prosecutors said Whitman made nearly $1 million between 2006 and 2009 by receiving inside tips about the earnings of public companies. Whitman had testified that he was careful to avoid inside trades. He was sentenced to two years in prison.
Whitman argued that the trial court gave the jury flawed instructions and improperly excluded the testimony of a witness. |
|
|
|
|
Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet. |
Law Firm Directory
|
|