Litigation

Recent Posts

BP Shareholders File Lawsuit Over Gulf Oil Spill In Eastern District Of Louisiana
Posted on 11 Jun 2010 by LexisNexis Litigation Resource Community Staff

NEW YORK - Citing the company's history of safety lapses, cost cutting and workplace disasters, shareholders who purchased stock in BP on June 10 filed a class action lawsuit based on claims that the company mislead investors before the Deepwater... Read More

U.S. Supreme Court Hears Oral Argument In Market Timing Case
Posted on 10 Jan 2013 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on Jan. 8 heard oral arguments in an appeal of a Second Circuit U.S. Court of Appeals ruling allowing the Securities and Exchange Commission to seek penalties against defendants for securities fraud... Read More

$624 Million Proposed Settlement Announced In Countrywide Securities Class Action
Posted on 7 May 2010 by Dylan McGuire

LOS ANGELES — (Mealey’s) The lead plaintiffs in a consolidated class action complaint against former subprime mortgage lending giant Countrywide Financial Corp. (CFC) and others for alleged violations of federal securities laws announced a... Read More

High Court: Investors Properly Pleaded Materiality In Securities Class Action Suit
Posted on 23 Mar 2011 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on March 22 unanimously affirmed that shareholders of a drug maker properly showed that the drug maker violated federal securities law by failing to disclose that one of its products caused adverse... Read More