Congress should establish a new accounting regulator controlled by people representing investors, not accountants.
Still, today's proposals represent a significant expansion of shareholder rights and they brought praise from at least one group representing investors.
Nasdaq noted that its board now included a majority of nonindustry directors, including three chosen to represent public investors.
The class action represents investors who lost more than $1 billion in Delphi stock and bonds that had been inflated by the company's accounting irregularities.
Often high-profile law firms are hired to represent investors and the states.
One problem is that lawyers representing investors in a class action don't need their approval of a settlement.
Last week Nasdaq wisely agreed that half of its board will be from the public, representing investors and listed companies.
I said I represented Japanese investors and asked if he was interested in taking an offer on the shopping center.
The lawyers representing investors, however, are in line to get $680 million, plus 10 percent of any further settlements.
Grant & Eisenhofer's founding purpose was to represent and protect institutional investors.