Sorry, but there are no more tags available to filter with.
Recent Posts

Financial Crisis-Related Securities Suits Down In 2011, Report Shows
Posted on 12 Apr 2012 by Mealeys

NEW YORK - The filing of financial crisis-related securities lawsuits continued to drop in 2011, while securities lawsuit filings regarding mergers and acquisitions (M&A) emerged as a growing area of litigation, according to an annual study issued... Read More

Portfolio Manager Charged Over Role In $276M Insider Trading Scheme
Posted on 21 Nov 2012 by Mealeys

NEW YORK - The U.S. attorney for the Southern District of New York, in conjunction with the Federal Bureau of Investigation, on Nov. 21 announced the unsealing of insider trading charges against a former portfolio manager for a division of a group of... Read More

Judge Refuses To Grant Preliminary Injunction Halting Planned Merger Deal
Posted on 8 Nov 2012 by Mealeys

MINNEAPOLIS - A federal judge in Minnesota on Nov. 7 denied a shareholder's motion for preliminary injunction enjoining a company from completing a merger deal, ruling that the shareholder has failed to show that there is a substantial likelihood... Read More

Judge: Fund Failed To Plead Securities Claims With Requisite Scienter
Posted on 3 Apr 2012 by Mealeys

CHICAGO - Dismissal of a lead plaintiff's second amended securities class action complaint is proper, a federal judge in Illinois ruled March 29, because it failed to plead scienter, falsity or a material misrepresentation ( Garden City Employees'... Read More

SEC Drops Suit Against Executive Over Collateralized Debt Obligations
Posted on 20 Nov 2012 by Mealeys

NEW YORK - A New York federal judge on Nov. 16 approved the Securities and Exchange Commission's request to dismiss a suit against a GSC Group Inc. executive accused of permitting a hedge fund to choose securities for a collateralized debt obligation... Read More

Panel: Investors Failed To Plead Scienter In Securities Class Action Lawsuit
Posted on 12 Jun 2012 by Mealeys

BOSTON - Dismissal of a shareholder class action lawsuit against Textron Inc. and certain of its executive officers was proper because the shareholders failed to plead a material misrepresentation or scienter in claiming that the defendants violated federal... Read More

Judge Preliminarily OKs $590M Citigroup Securities Class Action Settlement
Posted on 30 Aug 2012 by Mealeys

NEW YORK - A federal judge in New York on Aug. 29 granted preliminary approval of a $590 million settlement between shareholders, Citigroup Inc. and certain of its current and former executive officers and directors on claims that the defendants misrepresented... Read More

Judge: Economic Loss In Securities Suit Suffered By Company, Not Investors
Posted on 1 Oct 2012 by Mealeys

ATLANTA - In dismissing an amended shareholder class action and derivative complaint, a federal judge in Georgia on Sept. 26 ruled that a retirement system failed to show any economic loss in making its federal securities law claims against a commercial... Read More

Investors Failed To Plead Misrepresentation In Securities Suit, Judge Rules
Posted on 14 Sep 2012 by Mealeys

DENVER - Investors in a securities class action lawsuit against a pharmaceutical company and several of its current and former officers and directors have failed to plead any material misrepresentations or omissions in making their federal securities... Read More

Federal Judge Dismisses Majority Of Claims In Securities Suit Against UBS AG
Posted on 19 Apr 2012 by Mealeys

DETROIT - A federal judge in Michigan substantially dismissed an amended complaint filed by two pension plans against UBS Securities LLC (UBSS), UBS AG and UBS Investment Bank on April 16, ruling that the pension plans failed to plead a majority of their... Read More

Claims Won't Be Reinstated In Securities Suit Against Former Goldman Officer
Posted on 20 Nov 2012 by Mealeys

NEW YORK - A federal judge in New York on Nov. 19 ruled that she will not reinstate a federal securities law claim against a former Goldman Sachs & Co. officer accused of violating the law in connection with misstatements made in the structuring and... Read More

Insurer Has Duty To Defend Securities Class Action, California Panel Affirms
Posted on 19 Jul 2012 by Mealeys

SAN FRANCISCO - A California appeals panel on July 16 affirmed a lower court's ruling that a directors and officers insurer has a duty to defend its insured against an underlying class action lawsuit alleging state and federal securities laws violations... Read More

Judge: Bank's 'Sue And Be Sued' Clause Allows For Federal Court Removal
Posted on 15 Mar 2012 by Mealeys

BOSTON - The "sue and be sued" clause of a bank's congressional charter allows for the bank's lawsuit against a number of defendants that misrepresented the investment quality of certain mortgage-backed securities they sold to the bank... Read More

Judge: Lead Plaintiffs Failed To Plead Materiality In Making Securities Claims
Posted on 21 Mar 2012 by Mealeys

NEW YORK - A federal judge in New York on March 16 granted two motions to dismiss a shareholder class action lawsuit alleging that Bank of America Corp. (BAC) and others misrepresented the investment quality of securities it sold to the shareholders in... Read More

Judge Rules That New York Choice Of Law Applies In Securities Suit
Posted on 5 Sep 2012 by Mealeys

NEW YORK - New York choice of law principles apply to a trustee's claims against auditing firm Grant Thornton LLP in a securities lawsuit because "New York has great interests in this action than Bermuda," a federal judge in New York ruled... Read More

Sorry, but there are no more tags available to filter with.