Recent Posts

The Week In Securities Litigation: First Co-Directors Of SEC's Enforcement Division Take The Helm
Posted on 28 Apr 2013 by Thomas O. Gorman

George Canellos and Andrew Ceresney, two former colleagues in the Manhattan U.S. Attorney's Office, became the first Co-Directors of the SEC's Enforcement Division. The Division also secured a ruling this week which will permit its subpoena... Read More

Securities Class Action Litigation Follows LIBOR Scandal
Posted on 23 Jul 2012 by Kevin M. LaCroix

At the PLUS D&O Symposium in New York this past March, I participated on a panel entitled, "Financial Institutions Underwriting: Is it Safe to Come Out Yet?" The implication of the panel topic was that perhaps with the passage of the credit... Read More

Latest Lawsuit Arising From Libor Scandal Has New York Bank Filing Class Action Against Libor-Setting Banks For Fraud
Posted on 7 Aug 2012 by Kevin M. LaCroix

In the latest lawsuit to arise from the rapidly evolving Libor scandal, a New York bank has filed a purported class action in the Southern District of New York, seeking to recover damages from the U.S. Dollar Libor rate setting banks for fraud. The complaint... Read More

U.S. High Court Hears Arguments In Case Over Appealing LIBOR Suit
Posted on 10 Dec 2014 by Bajeerah LaCava

WASHINGTON, D.C. — (Mealey’s) A dismissal of a lawsuit by a trial court and a statement that the case was terminated render the case appealable, Thomas C. Goldstein of Goldstein & Russell in Bethesda, Md., argued Dec. 9 before the U.S... Read More

Another Libor Scandal Antitrust Lawsuit Filed, This One on Behalf of Derivatives Investors
Posted on 8 Aug 2012 by Kevin M. LaCroix

At the risk of sounding repetitive, I must report here that there has been yet another Libor-scandal related lawsuit filed in the Southern District of New York. The latest lawsuit, filed on July 30, 2012, purports to be filed on behalf of a class of investors... Read More

NERA Report Says Securities Class Action Filings At Or Above Historic Levels In 2012
Posted on 27 Jul 2012 by Kevin M. LaCroix

According to NERA Economic Consulting's mid-year 2012 report, securities class action lawsuit filings were at or above historical levels in 2012, and though average securities class action lawsuit settlements during the year's first half approached... Read More