December 29, 2011

Rutledge Pay Package Could Top $90 Million

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New Charter Communications CEO Tom Rutledge inked a pay package that could be worth more than $90 million over the next four years, according to documents filed with the Securities and Exchange Commission last week.

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Synergy Resources Corporation Announces Underwriters\’ Full Exercise of Over-Allotment Option

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Synergy Resources intends to use the net proceeds from the offering for its development drilling program in the Wattenberg Field.

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Harleysville Group\’s bid rejection adds to merger\’s challenges

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Harleysville Group Inc., the Montgomery County insurer that agreed to a $758 million buyout by Nationwide Mutual in September, rejected a rival bid by an unidentified firm that offered a lower share price but included $250 million for certain policyholders.

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Court delays SEC case against Citi

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A federal appeals court has delayed proceedings in a mortgage securities fraud case brought by the Securities and Exchange Commission against Citigroup.

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2011 proves money market reform not needed: ICI

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The past year has seen its fair share of market shocks, from the downgrade of the U.S. credit rating to the ongoing sovereign-debt crisis in Europe.

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APNewsbreak: Titanic artifacts headed to auction

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The owner of the largest trove of artifacts salvaged from the Titanic is putting the vast collection up for auction as a single lot in 2012, the 100th anniversary of the world\’s most famous shipwreck.More than 5,500 items including fine china, ship fittings and portions of hull that were recovered from the ocean liner have an estimated value of … (more)

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Judge tosses SEC suit

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A Spanish trader won dismissal of a Securities and Exchange Commission lawsuit accusing him of insider trading in Potash Corp.

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2012: Year of the Whistleblower

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A harbinger of the year to come can be seen in the flood of whistleblower submissions the Securities and Exchange Commission received in the first seven weeks after it adopted the final rules for its new program whistleblower reward program created by the Dodd-Frank Act.

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Demutualisation possible next year: SEC chief

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Demutualisation of the two bourses of the country can be achieved next year, Securities and Exchange Commission chairman M Khairul Hossain has said.

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December 21, 2011, issue

SEC News Digest


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