Litigation

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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

Jury: BankAtlantic's Misrepresentations Violated Federal Securities Law
Posted on 19 Nov 2010 by Timothy Raub

FORT LAUDERDALE, Fla. - (Mealey's) A federal jury in Florida handed down a rare verdict in a securities class action lawsuit on Nov. 18, finding subprime lender BankAtlantic Bancorp. Inc. and certain of its executive officers guilty of federal securities... 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

High Court: United States Lacks Subject Matter Jurisdiction In Securities Class Action
Posted on 28 Jun 2010 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) Ruling that Section 10(b) of the Securities Exchange Act of 1934 does not provide a cause of action "to foreign plaintiffs suing foreign and American defendants for misconduct in connection with securities traded... Read More

Erica P. John Fund, Inc v. Halliburton Co. Securities Class Action: Loss Causation And Class Certification
Posted on 25 Jan 2011 by Thomas O. Gorman

In Halliburton , the Supreme Court is deciding "Whether, in a private action under Section 10(b) of the Securities Exchange Act of 1934 . . . a plaintiff who invokes the fraud-on-the market presumption of reliance must prove loss causation in order... Read More

Murray, Frank & Sailer LLP Files Securities Class Action Against Toyota
Posted on 17 Mar 2010 by LexisNexis Litigation Resource Community Staff

NEW YORK — Murray, Frank & Sailer LLP announced Feb. 18 that it has filed a class action complaint in the U.S. District Court for the Southern District of New York (No. 10 Civ. 1175) on behalf of all individuals and institutions who purchased... Read More

Securities Class Action Related To Oil Spill Filed Against Anadarko Petroleum
Posted on 6 Aug 2010 by LexisNexis Litigation Resource Community Staff

NEW YORK - Murray, Frank & Sailer LLP on Aug. 4 filed a class action complaint in the U.S. District Court for the Southern District of New York on behalf of purchasers of Anadarko Petroleum Corporation publicly traded securities between June 12, 2009... Read More

Finkelstein & Krinsk LLP Files Class Action On Behalf Of Toyota Investors
Posted on 31 Mar 2010 by LexisNexis Litigation Resource Community Staff

SAN DIEGO — A class action securities lawsuit, Squires v Toyota Motor Corporation, et. al., has been filed in the U.S. District Court for the Central District of California, Western Division, seeking damages for violations of the Securities Exchange... Read More

Berman DeValerio Files Class Action Lawsuit Extending Class Period In BP Action
Posted on 23 Jul 2010 by LexisNexis Litigation Resource Community Staff

NEW ORLEANS, La. - The law firm of Berman DeValerio has filed a securities fraud lawsuit against BP plc, expanding the complaint to cover certain investors who acquired BP stock as early as mid-2005 ( The Oklahoma Police Pension & Retirement System... Read More