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| July 23, 2008 |
BNA® News
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House Appropriator Questions CFTC Priorities, Conclusions on Speculation
In the House Appropriations Agriculture Subcommittee's first
Commodity Futures Trading Commission oversight hearing in the panel's
nine-year existence, Chairwoman Rosa DeLauro (D-Conn.) July 10 wasted
no time in telling CFTC Acting Chairman Walter Lukken that she thinks
excessive speculation is a prime cause of runaway commodity prices,
and that the CFTC has been negligent in not recognizing and acting on
that fact. Publication date July 14, 2008
Link to Story
LPs That Conveyed Voting Rights Were Insiders for Short-Swing Purposes
Limited partnerships that each owned more than 10 percent of the
stock of a high-technology corporation were “beneficial
owners” of the securities for short-swing profit purposes, even
though two individuals possessed exclusive voting and investment power
over the instruments, the U.S. District Court for the Southern
District of New York concluded July 3 (Huppe v. Special Situations
Fund III QP,
S.D.N.Y.,
No. 06 Civ. 6097 (LTS) (FM),
7/3/08). Publication date July 14, 2008
Link to Story
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