When Ohio Attorney General Richard Cordray announced this past Friday that he had entered a massive
$725 million settlement on behalf of three Ohio pension funds in the long
standing securities class action lawsuit against AIG, he definitely
accomplished his objective -his announcement made the front...
Teachers' Retirement System of Louisiana v.
PricewaterhouseCoopers LLP, Del. Supr., No. 454,
2009 (Jan. 3, 2011), read Order here.
The Delaware Supreme Court affirmed the decision of the Chancery Court to
dismiss claims against PwC, based on the New York law regarding the somewhat
The Supreme Court of the State of Delaware issued an opinion on January 3rd, 2011 affirming the dismissal of
claims against PricewaterhouseCoopers (PwC) in the Teachers Retirement System
of Louisiana derivative suit. This suit, as described further below,
relates to an earlier fraud case at AIG. ...
Over the last few days, there have been a series of
rulings in high-profile lawsuits arising out of the subprime meltdown and
credit crisis. As discussed below, just in the past week there
were dismissal motion rulings in cases involving Freddie Mac,
Wachovia/Wells Fargo, and AIG. Though some or...