Litigation

Recent Posts

Phenomenon Of Securities Class Action Opt-Out Cases May Be Back
Posted on 5 Aug 2011 by Kevin M. LaCroix

Settlement opt-outs have been always been a feature of securities class action litigation. However, as part of the settlements of the huge cases filed during the era of corporate scandals at the beginning of the last decade, opt outs became more prevalent... Read More

Court OKs $624 Million Payout To Countrywide Investors
Posted on 1 Mar 2011 by LexisNexis Litigation Resource Community Staff

LOS ANGELES - (AP) A federal judge on Friday approved a $624 million settlement in a lawsuit brought by several New York public pension funds against fallen mortgage giant Countrywide Financial Corp. The settlement, a version of which was had been originally... Read More

Virginia Joins In Probe Of Bank Of New York Mellon
Posted on 8 Feb 2011 by LexisNexis Litigation Resource Community Staff

RICHMOND, Va. - (AP) The Virginia state attorney general's office Friday said it is looking into a whistleblower lawsuit that accuses Bank or New York Mellon of overcharging the state's pension funds by using "false exchange rates."... Read More

Bank Of America Hit With New Countrywide Lawsuit
Posted on 1 Aug 2011 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) Bank of America Corp. is facing a new lawsuit filed by a group of shareholders of mortgage giant Countrywide Financial Corp. which the bank bought in 2008. The group of investors, which include BlackRock funds, T. Rowe Price Group Inc... Read More