Shareholders Launch Follow-On Securities Lawsuit Against Goldman Sachs

The SEC's high-profile enforcement action against Goldman Sachs and one of its investment bankers may or may not revitalize the waning subprime and credit crisis-related litigation wave, but it has at least sparked an outbreak of follow on civil litigation against Goldman Sachs. According to their...

WellCare Announces $200 Million Settlement In Securities Class Action

TAMPA, Fla. - (Mealey's) WellCare Health Plans Inc. announced Aug. 9 that it has reached an agreement to settle for $200 million a putative securities fraud class action that was brought against it in a Florida federal court ( Eastwood Enterprises, LLC, et al. v. Todd S. Farha, et al. , No. 8:07...

Judge Rejects $21M Securities America Class Action Settlement

DALLAS - (AP) A federal judge in Dallas has rejected a deal that would have allowed brokerage Securities America Inc. to pay $21 million to settle a class action lawsuit alleging that the company didn't do proper due diligence on millions of dollars in investments it sold that later proved worthless...