Litigation

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The Week In Securities Litigation: Stanford CIO Pleads Guilty; 3 Sentenced In Insider Trading Scheme In U.K.
Posted on 27 Jun 2012 by Thomas O. Gorman

SEC Chairman Mary Schapiro appeared before Congress twice this week to testify. Before a Senate Committee she testified about mutual fund reform while before a House Committee her remarks focused on the loss at JPMorgan. SEC enforcement brought actions... Read More

Abbey Spanier LLP: JPMorgan Loses Bid to Prohibit Class Arbitrations
Posted on 5 Dec 2013 by Abbey Spanier

A California federal judge denied JPMorgan’s motion to compel arbitration on an individual basis. Two former JPMorgan employees filed a class action complaint alleging violations of state and federal labor laws on behalf of JPMorgan appraisers.... Read More

AIG Sues Bank Of America For $10 Billion Over Mortgages
Posted on 10 Aug 2011 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) More trouble piled up for Bank of America Corp. on Monday, as American International Group Inc. sued it for more than $10 billion, saying the bank cheated it by selling residential mortgage-backed securities that were overvalued. The suit... Read More

Regulator Sues Goldman Sachs Over Risky Mortgages
Posted on 10 Aug 2011 by LexisNexis Litigation Resource Community Staff

LOS ANGELES - (AP) The U.S. regulator of credit unions on Tuesday sued Goldman Sachs & Co. for more than $491 million in damages over losses incurred by two failed credit unions that purchased mortgage-backed securities underwritten by the investment... Read More

Wamu Reaches Settlement With Jpmorgan, FDIC
Posted on 17 Mar 2010 by LexisNexis Litigation Resource Community Staff

WILMINGTON, Del. – (AP) Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company's Chapter 11 bankruptcy, a... Read More

WaMu Bank Bondholders Settle For $335 Million
Posted on 7 Oct 2010 by LexisNexis Litigation Resource Community Staff

SEATTLE - (AP) A group of Washington Mutual creditors have signed on to a settlement that pushes the bank's reorganization plan a step closer to approval. Washington Mutual Bank bondholders agreed to a $335 million settlement, according to an amended... Read More