Securities Litigation and News, Week Ending September 6

S&P, the ratings agency being sued by the Securities and Exchange Commission, lands a sharp counter-punch. An insider trading case settles with disgorgement of profits and a $2 million fine; a whistleblower case results in a 40-month prison sentence for an investment firm’s CEO; and in a major  FCPA case involving kickbacks to a state-controlled Venezuelan bank, a guilty plea.