Recent Posts

Wachovia Shareholder Gets a Lump of Coal From 4th Circuit
Posted on 10 Jan 2012 by Mack Sperling

The Fourth Circuit delivered a lump of coal right before Christmas to a Wachovia shareholder whose 100,000 shares of the Bank's stock, once worth about $5.6 million, sank into near worthlessness when Wachovia failed. The case, decided December 23rd... Read More

Judge Approves $410 Million Settlement In Checking Account Overdraft MDL
Posted on 9 Nov 2011 by Timothy Raub

MIAMI - (Mealey's) A federal judge in Florida who is overseeing a multidistrict litigation against a number of financial institutions for allegedly engaging in an illegal scheme to resequence checking account transactions in an effort to maximize... Read More

Wachovia, KPMG Reach $627 Million Settlement With Investors
Posted on 9 Aug 2011 by Timothy Raub

NEW YORK - (Mealey's) In what Wachovia Corp. shareholders' attorneys are calling the single-largest recovery for claims brought "solely pursuant to" the Securities Act of 1933, the shareholders, Wachovia, certain of its affiliates and... Read More

Kevin LaCroix: Catching Up On Rulings In Key Subprime-Related Securities Lawsuits
Posted on 13 Apr 2011 by Kevin M. LaCroix

Over the last few days, there have been a series of rulings in high-profile lawsuits arising out of the subprime meltdown and credit crisis. As discussed below, just in the past week there were dismissal motion rulings in cases involving Freddie Mac,... Read More

Wells Fargo To Pay Citi $100M To Settle Wachovia Lawsuit
Posted on 19 Nov 2010 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) Wells Fargo & Co. has agreed to pay $100 million to Citigroup Inc. to settle a dispute related to its acquisition of Wachovia Corp. in October 2008, at the height of the financial crisis. Wachovia was teetering on the brink of collapse... Read More

Wells Fargo Reaches $590 Million Wachovia Settlement
Posted on 9 Aug 2011 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) Wells Fargo & Co. on Friday said that it has agreed to pay $590 million to settle a class-action lawsuit filed by investors in Wachovia securities. The settlement would end a suit filed in 2008 in federal court in Manhattan, charging... Read More