Don't look now public company directors, but the next
financial crisis may be upon us and it looks a lot like the 2008 crisis that
was borne out of the housing bubble. Apparently, the underlying cause of the
collapse of the mortgage-backed securities (MBS) and collateralized debt
NEW YORK - (Mealey's) E*TRADE Financial Corp. has agreed to a $79
million settlement with investors to settle claims that it
misrepresented the risk associated with its investment in subprime
mortgage-backed securities in violation of federal securities laws,
according to a Securities and...
NEW YORK - (Mealey's) Lead plaintiffs in
a securities class action lawsuit against The Goldman Sachs Group Inc. and
others have agreed to settle their claims for more than $26 million, according
to court documents filed yesterday in a New York federal court ( Public
SEATTLE - ( Mealeys ) Lead plaintiffs and
defendants in a securities class action lawsuit against two subsidiaries of
Washington Mutual Bank and certain of its officers and directors have agreed to
a $26 million settlement on claims that the defendants misrepresented the
investment quality of certain...
NEW YORK - (Mealey's) Bank of America Corp. (BoA) will pay nearly $1.7 billion to MBIA Inc. and certain of its subsidiaries to settle claims in New York State court that BoA misrepresented the investment quality of and risk associated with certain mortgage-backed securities (MBS) it sold to MBIA...