John J. Tharp

Appellate Division, First Department Rules J.P. Morgan Cannot Require Its Insurers to Pay $250 Million SEC Settlement
Domenic C. Cervoni,Joseph De Simone,Lisa H. Miller,S. Christopher Provenzano,Richard M. Rosenfeld,John J. Tharp, December 26, 2011
Settlements with the US Securities and Exchange Commission (SEC) often take the form of a complaint filed contemporaneously with a settlement agreement and administrative order. The settlement will often include both SEC findings and a boilerplate disclaimer that the defendant is settling...

California District Court Dismisses Securities Claims Against Chinese Corporation for Failure to Plead Falsity
Joseph De Simone,Richard M. Rosenfeld,John J. Tharp,Christina M. Weisner, December 22, 2011
On November 30, 2011, Judge John A. Kronstadt of the US District Court for the Central District of California dismissed a putative class action brought by shareholders of China Century Dragon Media based on the inconsistencies between revenue and profit figures reported to the US Securities and...

Rejection Of Settlement With SEC May Affect SEC’s Securities Fraud Settlement Policy
Aaron Chait,Joseph De Simone,John J. Tharp, December 5, 2011
Earlier this week, a federal district court judge in Manhattan rejected a proposed $285 million settlement between the US Securities Exchange Commission (SEC) and Citigroup in a mortgage-backed securities matter. This decision calls into question the adequacy of the government’s long-standing...