Securities - Plaintiff 's Recovery in Private Suit Based on Violation of Federal Securities Laws Held Barred by Defenses of In Pari Delicto or Unclean Hands

The impact of non-compliance with the legal requirements for disclosure of information on securities transaction

Due to the specific characteristics of securities, in securities contracts it is difficult for the investors to have the information which is necessary for entering into the contract. Accordingly, in accordance with the Securities Market Act and the relevant regulations, the issuers of securities, in the primary and secondary markets, are required to disclose material information about securiti...

Sukuk, a kind of hybrid Securities

Islamic securities (‘sukuk’) are securities which have the features of stocks and bonds toghater. Similar to stocks, these securities indicate a type of partnership. However, these securities usually bear a maturity date like bonds and contrary to stocks. This has resulted in sukuk (Islamic securities) to be considered as a type of hybrid securities. Hybrid security is a term used to describe a...

Delta Holdings, Inc. vs. National Distillers and Chemical Corporation

Buyer of reinsurauee corporation brought action against seller, alleging securities violations, common-law fraud and breach of express warranties. The United Stat.423 Diitrict Court for the Southern Dii-trkt of New York, John F. Keenan, J., awarded buyer 24.3 million dollars in damages plus prejudgment interest and 0~ dered rescission of entire transaction. Seller appealed. The Court of Appeala...

The Treasury Securities Market: Overview and Recent Developments

The market for U.S. Treasury securities is by many measures the largest, most active debt market in the world. At the end of September 1999, the amount of Treasury debt held outside federal government accounts totaled about $3.6 trillion, close to the amount of outstanding debt securities issued by all U.S. corporations combined.1 Moreover, enormous amounts of Treasury securities are traded eve...

Have Institutional Fiduciaries Improved Securities Class Actions ? A Review of the Empirical Literature on the PSLRA ’ s Lead Plaintiff Provision