2 New Credit Crisis-Related Securities Lawsuits Raise Interesting Issues

As the worst days of the financial crisis (if not their ill effects) receded into the past, the accompanying credit crisis-related litigation wave appeared to lose its momentum. By late 2010, new credit crisis-related lawsuit filings seemingly had dwindled away. But now at the midpoint of 2011, two new...

Plaintiffs' 'Core' Allegations Survive in Lehman Brothers Securities Litigation

In a detailed 106-page opinion dated July 27, 2011 ( here ), Southern District of New York Judge Lewis Kaplan granted in part and denied in part the defendants' motions to dismiss in the consolidated Lehman Brothers Securities Litigation. Though Judge Kaplan knocked out certain of the plaintiffs'...

D.C. Federal Judge Dismisses Carlyle Capital Securities Lawsuit

In an interesting opinion that includes among other things a noteworthy discussion of issues arising under the Morrison v. National Australia Bank case, one of the last securities suits filed as part of the ed credit crisis-related litigation wave has been dismissed. In an August 13, 2012 opinion ( here...

Parties To Countrywide Mortgage-Backed Securities Lawsuit Suit Settle For $500 Million

In what is the largest settlement so far of an mortgage-backed securities class action lawsuit filed as part of the subprime and credit-crisis securities litigation wave, the parties to the consolidated Countrywide mortgage-backed securities suit pending in the Central District of California have agreed...