LexisNexis® Legal Newsroom
Inadequate Loan Loss Reserve Disclosure Case Dismissed

In a recent post , I discussed several recent decisions in which securities cases involving failed or troubled banking institutions survived dismissal motions. By contrast, however, in an August 16, 2010 ruling ( here ), Southern District of New York Judge Robert Patterson, Jr. granted the defendants'...

$37M Settlement Reached in Tronox Investor Class Action Lawsuit

NEW YORK - (Mealey's) Shareholders and defendants in a securities class action lawsuit against a chemical company, certain of its officers and directors and others have agreed to a $37 million settlement of all federal securities law claims, according to court documents made available on August...

Ontario Securities Suit Claimants Denied Leave to Proceed

Shareholder claimants seeking to pursue a misrepresentation claim under the Ontario Securities Act must obtain leave of court to proceed based on a statutory requirement that the plaintiff must show a “reasonable possibility that the action will be resolved at trial in favor of the plaintiff.”...