SAN FRANCISCO - (Mealey's) The Charles Schwab Corp. has agreed to a $200 million settlement of a securities class action lawsuit brought against it and certain of its executive officers and directors by investors alleging that the defendants misrepresented...
Recently, the financial industry and the country itself has faced two sweeping market-related “scandals” or “crises” (for lack of a better term): the issues in the mortgage industry with subprime lending, and the executive stock...
It now appears that the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac") are subject to the same kind of bruising losses afflicting other large financial institutions...
of Powell on Real Property® are familiar with the Wolf Family Lecture
on the American Law of Real Property , now in its 4 th year.
by a gift from Powell General Editor Michael Allan Wolf and his wife, Betty,
this inspiring lecture...
YORK - (Mealey's) Goldman, Sachs & Co. has agreed to pay $550 million in
penalties and to change its business practices to settle allegations brought by
the U.S. Securities and Exchange Commission that it misled investors in a
Rating agencies assigned credit ratings to subprime Residential Mortgage-Backed Securities (RMBS) and Collateralized Debt Obligations (CDOs). In making investment decisions, many investors relied on these credit ratings. However, the accuracy and integrity...
In City of Cleveland v. Ameriquest Mortg. Sec., Inc. , 2009 U.S. Dist. LEXIS 41303 (N.D. Ohio May 15, 2009) , the City of Cleveland filed an action against over 20 major investment banks, accusing the banks of creating a public nuisance by reason of their...