LexisNexis® Legal Newsroom
Schwab Withdraws From Subprime Securities Suit Settlement

There is a reason that when class action settlements are announced, they are described as preliminary and subject to final approval - sometimes the settlements fall apart before the case is finally put to rest. That appears be what has happened with the Schwab YieldPlus subprime-related securities class...

Foreclosure Fiasco Fallout Now Also Includes Securities Suit

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 follow. But while the likelihood for lawsuits seemed...

Why Ambac's Subprime Securities Suit Settlement Is Noteworthy

In its December 15, 2010 filing of Form 8-K ( here ), Ambac Financial Group announced that it had entered a memorandum of understanding to settle the subprime-related securities class action lawsuits pending against the company and certain of its directors and officers for a payment of $27.1 million...

NERA Releases Year-End 2010 Securities Class Action Litigation Study

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 study reports that class action filings "picked...

Kevin LaCroix Discusses Securities Class Action Trends And D&O Issues In 2010

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 cases in 2010 affecting directors and officers liability...