Litigation

Recent Posts

AIG Securities Class Settles For $725 Million
Posted on 20 Jul 2010 by Dylan McGuire

NEW YORK - (Mealey's) American International Group Inc. (AIG) has agreed to pay $725 million to resolve a class action brought against it in a New York federal court by investors who allege that the company engaged in bid-rigging and accounting improprieties... Read More

SEC Reaches $137M Settlement With Bank Of America Subsidiary In Municipal Bond Investigation
Posted on 8 Dec 2010 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) A former subsidiary of Bank of America Corp. that is now part of Merrill Lynch, Pierce, Fenner and Smith LLP on Dec. 7 agreed to a $137 million settlement of a Securities and Exchange Commission investigation into allegations... Read More

J.P. Morgan Securities Agrees To $228 Million Settlement In Muni Bond Reinvestment Action
Posted on 8 Jul 2011 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) J.P. Morgan Securities LLC (JPMS) has agreed to pay $228 million to settle charges brought by the Securities and Exchange Commission and other state and federal authorities in connection with its fraudulent rigging of... Read More

Drug Maker To Pay $4.5 Million To Settle Claims In Securities Class Action Lawsuit
Posted on 30 Jul 2012 by Timothy Raub

PHOENIX - (Mealey's) Matrixx Initiatives Inc. will pay $4.5 million to settle claims with shareholders that it violated federal securities law by concealing side effects of a cold medication it developed and marketed, according to documents filed... Read More