Litigation

Recent Posts

NERA Releases Mid-Year 2010 Securities Litigation Study
Posted on 30 Jul 2010 by Kevin M. LaCroix

Largely as a result in the decline of the number of new credit crisis related cases, the number of new securities class action lawsuits filings is "on track to decline for a second successive year from their 2008 peak," according to a NERA Economic... Read More

Parties To Countrywide Mortgage-Backed Securities Lawsuit Suit Settle For $500 Million
Posted on 17 Apr 2013 by Kevin M. LaCroix

In what is the largest settlement so far of an mortgage-backed securities class action lawsuit filed as part of the subprime and credit-crisis securities litigation wave, the parties to the consolidated Countrywide mortgage-backed securities suit pending... Read More

Bank Of America To Pay $2.43 Billion To Settle Securities Class Action Lawsuit
Posted on 1 Oct 2012 by Timothy Raub

NEW YORK - In what is being called the largest settlement of a credit-crisis-related securities class action lawsuit, Bank of America Corp. (BoA) has agreed to a $2.43 billion settlement on claims that it and certain of its executive officers and directors... Read More

D.C. Federal Judge Dismisses Carlyle Capital Securities Lawsuit
Posted on 17 Aug 2012 by Kevin M. LaCroix

In an interesting opinion that includes among other things a noteworthy discussion of issues arising under the Morrison v. National Australia Bank case, one of the last securities suits filed as part of the ed credit crisis-related litigation wave has... Read More

Plaintiffs' 'Core' Allegations Survive in Lehman Brothers Securities Litigation
Posted on 29 Jul 2011 by Kevin M. LaCroix

In a detailed 106-page opinion dated July 27, 2011 ( here ), Southern District of New York Judge Lewis Kaplan granted in part and denied in part the defendants' motions to dismiss in the consolidated Lehman Brothers Securities Litigation. Though Judge... Read More

2 New Credit Crisis-Related Securities Lawsuits Raise Interesting Issues
Posted on 24 Jun 2011 by Kevin M. LaCroix

As the worst days of the financial crisis (if not their ill effects) receded into the past, the accompanying credit crisis-related litigation wave appeared to lose its momentum. By late 2010, new credit crisis-related lawsuit filings seemingly had dwindled... Read More