LexisNexis® Legal Newsroom
JPMorgan Settles With The SEC

The SEC announced that JPMorgan Securities LLC agreed to pay $153.6 million to settle SEC charges that the company "misled investors in a complex mortgage securities transaction just as the housing market was starting to plummet." Pursuant to the settlement, "harmed investors will receive...

$26M Settlement Reached In Mortgage-Backed Securities Shareholder Class Action

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 Employees' Retirement...

Ballard Spahr Legal Alert: Optional Rental Program Did Not Transform Hotel-Condominium Units into Securities, Ninth Circuit Holds

By Daniel M. Benjamin, Ballard Spahr LLP The U.S. Court of Appeals for the Ninth Circuit has affirmed the dismissal with prejudice of a putative securities class action concerning the sale of 420 hotel-condominium units at the Hard Rock Hotel in San Diego. The appeal attracted competing amicus...