securities litigation

Welcome to the 'securities litigation' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'securities litigation'.

Latest blogosphere posts tagged “securities litigation”

• Sacramento sues Golden Sacks for fraud

  
  Corrente — Authority: 622
  McClatchys Sacramento Bee : The Sacramento Municipal Utility District sued Goldman Sachs, Morgan Stanley and 45 other financial firms Thursday in Sacramento federal court for allegedly rigging bids in bond-derivatives markets and defrauding the utility. SMUD joined at least six city and county governments in ...
  1 day ago

• Reg D Offerings and Other Private Investments Expose Investors to Huge Risks

  
  Investment Fraud Lawyer Blog — Authority: 421
  Private investments (also known as private placements or Reg D offerings) have been the subject of a growing number of fraud charges by the U.S. Securities and Exchange Commission and some states. Such deals, including oil and gas ventures and real estate partnerships, have historically been capitalized by sales to ...
  1 day ago

• Suing Buffett, and many others, over takeovers

  
  Overlawyered — Authority: 645
  Dallas attorney Joseph Kendall, a former federal judge, seems to have won the race to the courthouse to challenge Warren Buffett’s takeover of Burlington Northern as inadequately generous. Daniel Fisher of Forbes discusses the economics of entrepreneurial lawsuits arising from takeovers — settlements may reflect ...
  1 day ago

• BB & T Sued over Auction Rate Securities Abuses

  
  Investment Fraud Lawyer Blog — Authority: 421
  Dow Corning Corp. has filed a federal lawsuit against BB&T; bank for misrepresenting the risk and liquidity of auction rate securities, leaving Dow Corning with $667 million in securities that it cannot sell. Auction rate securities (ARS) are debt instruments for which interest or dividends are regularly reset ...
  3 days ago

• Medical Capital Holdings Alert - Investors Face Tremendous Losses

  
  Investment Fraud Lawyer Blog — Authority: 421
  The Receiver for Medical Capital Holdings Inc. issued his Third Report on October 9, 2009. The most recent report did contain some additional information but was, in most part, a recap of what was included in the Second Report. The reports can be found at http://www.medicalcapitalreceivership.com. Nothing in the ...
  4 days ago

• Financial Abuse of Senior Citizens is a Growing Problem but Remedies are Available

  
  Investment Fraud Lawyer Blog — Authority: 421
  The increasing number of senior citizens has resulted in an increase in the number of corrupt financial advisors looking to make a commission by persuading trusting seniors to buy unsuitable financial products, such as variable annuities, and engage in other inappropriate financial strategies, according to a July 2009 ...
  4 days ago

• Class Action Lawsuit

  
  LEGAL & FINANCIAL UPDATES FROM TAX GURU — Authority: 445
  Class Action lawsuits have recently made to the front page news, more particularly in western countries. The reason being the sudden fall (bankruptcy) of financial industry giants like Freddie Mac, Wachovia, AIG to name a few and the consequent... [[ This is a content summary only. Visit my website for full links, ...
  4 days ago

• Guest Post: Foreign-Cubed Litigation - Developments at the Supreme Court

  
  The D & O Diary — Authority: 525
  The D&O Diary is pleased to present the following guest blog post, written by Angelo Savino  (pictured),  a partner at the Cozen & O’Connor law firm. Angelo is resident in the firm’s New York office. Angelo’s guest blog post follows: 　 As noted in prior posts ( here ), the U.S. Supreme Court is ...
  1 week ago

• ETFs: The Hot New Securities Lawsuit Targets?

  
  The D & O Diary — Authority: 525
  Where securities class action lawsuits are concentrated tends to vary over time. At various times over the past several years, companies in the high tech sector, telecommunications category and, more recently, in the financial services industries, have found themselves for a period to be the most popular targets for ...
  1 week ago

• Latest U.S. Export: Securities Class Action Legal Services?

  
  The D & O Diary — Authority: 525
  In an October 29, 2009 order ( here , Hat Tip: Am Law Litigation Daily ), Ontario Court of Justice judge Paul Perell ruled that the direct involvement of the U.S.-based law firm Milberg LLP was permissible in the securities class action lawsuit filed against Timminco Limited and pending before the court.   ...
  1 week ago

• Credit Suisse Sued Again over Auction Rate Securities Abuses

  
  Investment Fraud Lawyer Blog — Authority: 421
  Roche International has sued Credit Suisse for over $270 million in losses that the drug company incurred after the bank’s brokers invested $545 million of its money in auction rate securities. Roche’s Credit Suisse relationship managers were Julian Tzolov and Eric Butler, who are now serving federal prison ...
  2 weeks ago

• Ninth Circuit Reverses Matrixx Securities Suit Dismissal, Concludes Twombley and Tellabs Satisfied.

  
  The D & O Diary — Authority: 525
  In an October 28, 2009 opinion ( here ) in a case in which the Ninth Circuit found the plaintiffs’ allegations met the heightened pleading standards of Twombley and Tellabs , the appellate court reversed the district court’s dismissal of the plaintiffs’ complaint in the Matrixx Initiatives securities ...
  2 weeks ago

• The SEC Must Adopt an Aggressive Enforcement Program if it is to Restore its Credibility

  
  Investment Fraud Lawyer Blog — Authority: 421
  A recent InvestmentNews op-ed on September 27 endorsed Judge Jed Rakoff’s action in the Bank of America settlement process. Bank of America is accused of lying to shareholders about $5.8 billion in bonuses paid to Merrill Lynch employees immediately preceding a merger between the two companies. The Bank approved ...
  2 weeks ago

• Court or Arbitration - Brokerage Firms Want to have their Cake and Eat it Too

  
  Investment Fraud Lawyer Blog — Authority: 421
  Merrill Lynch has apparently pulled a fast one on unsuspecting brokers who thought they could resolve promissory note disputes with the firm through FINRA arbitration – it (cleverly) issued the notes through a non-member of FINRA and is now taking the brokers to court in New York, where the courts are generally ...
  2 weeks ago

• Lawsuit Against BofA Seeks a Yotta Money

  
  The D & O Diary — Authority: 525
  Lawsuits seeking to recover large amounts of money are commonplace. But how about a claims that seeks to recover more money than exists in the entire world? According to a September 24, 2009 order ( here ) by Southern District of New York Judge Denny Chin , the complaint of plaintiff Dalton Chiscolm, Jr. against the ...
  2 weeks ago

• The Iqbal Case and Damages Actions under the Federal Securities Laws

  
  The D & O Diary — Authority: 525
  The Supreme Court’s decision in the Iqbal case earlier this year has generated a great deal of controversy and comment and even a proposal to overturn the decision legislatively. Iqbal does seem to be having an impact on a number of cases. An interesting question, however, is whether the Iqbal case will have ...
  2 weeks ago

• Other Provocative Legal Developments Involving Rajaratnam and Galleon

  
  The D & O Diary — Authority: 525
  It been a catastrophic week for Galleon Group and its founder, Raj Rajaratnam , with the firm reportedly about to wind itself up in the wake of the epic insider trading allegations raised against Rajaratnam. But the trading indictment is not the only recent stunning legal development involving Rajaratnam and his ...
  3 weeks ago

• California Sues State Street Bank and Trust

  
  Investment Fraud Lawyer Blog — Authority: 421
  The Wall Street Journal reported on October 20th that California Attorney General Jerry Brown has sued State Street Bank and Trust. Brown is seeking to recover $200 million in illegal overcharges and penalties that the bank misappropriated from two state agencies, the California Public Employees’ Retirement System ...
  3 weeks ago

• Asset-Backed Securities Case from Earlier Era Survives Renewed Dismissal Motion

  
  The D & O Diary — Authority: 525
  On October 19, 2009, in a securities case from an earlier era involved allegedly misleading statements regarding asset-backed securities, Southern District of New York Judge Harold Baer substantially denied the defendants’ motions to dismiss the plaintiffs’ complaint as amended, following the long-running ...
  3 weeks ago

• No Quarter Radio’s Sense on Cents with Larry Doyle Welcomes Richard Greenfield, Sunday Night at 8PM EDT

  
  Sense on Cents — Authority: 561
  The detonation of the bombs that have hit our economy may have been launched on Wall Street, but certainly the collateral damage has been experienced nationwide if not globally. While regulators were admittedly asleep at the wheel during these attacks, who in our country is now positioned to hold bankers and ...
  4 weeks ago

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