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Lehman Brothers Credit Crisis-Related Securities Suit to Proceed

In a detailed 106-page opinion dated July 27, 2011 ( here ), Southern District of New York Judge Lewis Kaplan granted in part and denied in part the defendants' motions to dismiss in the consolidated Lehman Brothers Securities Litigation. Though Judge Kaplan knocked out certain of the plaintiffs'...

Though Case Previously Dismissed, Wells Fargo Settles Wachovia Investor Suit for $75 Million

In an interesting twist on a long -running credit-crisis related securities suit, Wells Fargo has agreed to pay $75 million to settle the Wachovia equity investor securities class action lawsuit, even though their suit had been dismissed at the district court level and was on appeal at the time of...

"Extravagant" Statements, Nearly Two Dozen Confidential Witnesses - But Credit Crisis-Related Securities Suit Dismissal Still Affirmed

The plaintiffs' complaint cited twenty-three confidential witnesses and relied on statements the appellate court itself described as "extravagant," but the First Circuit nevertheless affirmed the lower court's dismissal of the credit crisis-related securities class action lawsuit investors...