LexisNexis® Legal Newsroom
$208.5 Million WaMu Securities Suit Settlement Includes Massive D&O Insurer Contribution

The parties to the consolidated class action litigation arising out of the collapse of Washington Mutual - the largest bank failure in U.S. history -- have agreed to settle the suit for a combined $208.5 million. The settlement, which has a number of interesting features, actually consists of three...

SEC’s Action Seeking PRC Audit Papers Moves Forward

The SEC's action seeking to compel the production of documents from the Chinese affiliate of Deloitte and Touche is moving toward resolution. The Court rejected a request by the audit firm for a stay pending the resolution of a Commission administrative proceeding which is based on similar issues...