Litigation

Recent Posts

SEC Sues Florida Man Over Offers For Kodak, AMR Stock
Posted on 6 May 2011 by LexisNexis Litigation Resource Community Staff

MIAMI - (AP) A Florida man who made mysterious billion-dollar offers for all stock in Eastman Kodak Co. and the parent of American Airlines has no assets to make the purchases, is on probation from past fraud convictions and is barred from serving as... Read More

SEC Lawsuit Targets Money Manager Tied To Coaches
Posted on 2 Aug 2011 by LexisNexis Litigation Resource Community Staff

DALLAS - (AP) A money manager for college basketball coaches who committed suicide last month was part of a scheme that defrauded more than 100 investors of $39 million through the sale of bogus corporate bonds, the Securities and Exchange Commission... Read More

Judge Rejects $21M Securities America Class Action Settlement
Posted on 21 Mar 2011 by LexisNexis Litigation Resource Community Staff

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... Read More

Allstate Sues Goldman Sachs Over Toxic Investments
Posted on 18 Aug 2011 by LexisNexis Litigation Resource Community Staff

(AP) Allstate Corp. is suing Goldman Sachs Group Inc. claiming the broker fraudulently sold it more than $123 million in mortgage-backed securities in 2006 and 2007, before the housing market collapse sent the investments' value plunging. The insurer... Read More