Litigation

Recent Posts

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

Lehman Brothers Trustee Sues Citibank For $1.3 Billion
Posted on 22 Mar 2011 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) The trustee overseeing the bankruptcy of Lehman Brothers' brokerage unit is suing Citibank for more than $1.3 billion. Trustee James Giddens said in a lawsuit filed Friday in Manhattan that he seeks to recover a $1 billion deposit... Read More