Litigation

Recent Posts

Mortgage Meltdown Litigation Pays Hundreds Of Millions To Injured Plaintiffs
Posted on 6 Apr 2012 by LexisNexis Litigation Resource Community Staff

The economy seems to be heading at last into recovery territory, and the mortgage crisis that began in 2007 is starting to seem like old news. But the effects of the lax underwriting standards and other questionable loan practices that spawned the crisis... Read More

$26 Million Settlement Reached In Mortgage-Backed Securities Shareholder Class Action
Posted on 1 Aug 2012 by Timothy Raub

NEW YORK - (Mealey's) Lead plaintiffs in a securities class action lawsuit against The Goldman Sachs Group Inc. and others have agreed to settle their claims for more than $26 million, according to court documents filed July 31 in a New York federal... Read More

NERA Releases Year-End 2010 Securities Class Action Litigation Study
Posted on 17 Dec 2010 by Kevin M. LaCroix

On December 14, 2010, NERA Economic Consulting released its annual year-end study of securities class action lawsuit filings and settlements. The report, entitled "Trends 2010 Year-End Update," can be found here . Among other things, the NERA... Read More

14 Former Lehman Brothers Execs Agree To Settle Securities Class Action For $90 Million
Posted on 1 Sep 2011 by Kevin M. LaCroix

In a development that undoubtedly will attract comment and controversy, fourteen former Lehman Brothers executives--including former Lehman Chairman and CEO Dick Fuld --have reached an agreement to settle the consolidated securities class action litigation... Read More

Satyam Agrees To Pay $125 Million To Settle Securities Lawsuit
Posted on 18 Feb 2011 by Kevin M. LaCroix

In a settlement that has a number of interesting features, Satyam Computer Services, an Indian technology outsourcing company, has agreed to pay $125 million to settle the consolidated securities class action litigation pending against the company in... Read More

Kevin LaCroix Discusses Securities Class Action Trends And D&O Issues In 2010
Posted on 2 Feb 2011 by LexisNexis Litigation Resource Community Staff

On this edition, Kevin LaCroix, an attorney and a partner in OakBridge Insurance Services in Beachwood, Ohio, discusses securities class action trends from 2010, the development of litigation arising from recent bank failures and key U.S. Supreme Court... Read More

Sallie Mae Reaches $24 Million Settlement In Telephone Debt Collection Class Action
Posted on 18 Sep 2012 by Timothy Raub

SEATTLE - (Mealey's) Student loan borrowers and a subsidiary of SLM Corp. on Sept. 17 agreed to settle claims that the subsidiary violated the Telephone Consumer Protection Act (TCPA) by making a number of non-emergency autodialed calls and/or automated... Read More

High Court: United States Lacks Subject Matter Jurisdiction In Securities Class Action
Posted on 28 Jun 2010 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) Ruling that Section 10(b) of the Securities Exchange Act of 1934 does not provide a cause of action "to foreign plaintiffs suing foreign and American defendants for misconduct in connection with securities traded... Read More

Foreclosure Fiasco Fallout Now Also Includes Securities Suit
Posted on 3 Dec 2010 by Kevin M. LaCroix

The foreclosure paperwork and processing mess has been unfolding on the front pages of the nation's news papers for several weeks now. While the situation has created a lot of uncertainty, the one thing that seemed probable was that litigation would... Read More

NERA Report Says Securities Class Action Filings At Or Above Historic Levels In 2012
Posted on 27 Jul 2012 by Kevin M. LaCroix

According to NERA Economic Consulting's mid-year 2012 report, securities class action lawsuit filings were at or above historical levels in 2012, and though average securities class action lawsuit settlements during the year's first half approached... Read More

2012 Securities Class Action Filings Below Levels Of Recent Years, Historical Averages
Posted on 8 Jan 2013 by Kevin M. LaCroix

Largely as a result of a slowdown in new filings during the fourth quarter, 2012 securities class action lawsuit filings were below the filing levels of recent years and below historical averages. Filing levels remained elevated in the natural resources... Read More

Some Securities Class Action Lawsuits Still Being Filed After Considerable Delay
Posted on 4 Aug 2011 by Kevin M. LaCroix

Among other things, Cornerstone Research's mid-year 2011 analysis of securities class action lawsuit filings reported that during the year's first half lawsuits were filed more quickly. The report said that in the first six months of 2011 "the... Read More

$23.5 Million Settlement Reached In Constar IPO Securities Class Action
Posted on 7 Sep 2012 by Timothy Raub

PHILADELPHIA - (Mealey's) Lead plaintiffs and defendants in a securities class action lawsuit against a company, certain of its officers and directors and others have agreed to a $23.5 million settlement of claims pertaining to the defendants'... Read More