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Bear Stearns: Credit Unions Knew About Risks Of RMBS Investments
Case: National Credit Union Administration Board v. Bear, Stearns & Co. Inc., et al., No. 12-2781, D. Kan....(read more)
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Noble Executives Say Limitations Statute Bars Bribery Claims
Case: Securities and Exchange Commission v. Mark A. Jackson, et al., No. 12-0563, S.D. Texas....(read more)
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Investor Defends Amended Complaint Against Pfizer
Case: Security Police and Fire Professionals of America Retirement Fund v. Pfizer, Inc., et al., No. 10-3105, D. N.J.; See February 2013, Page 46....(read more)
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Investor Says Accretive's Arguments Are 'Without Merit'
Case: Linda Wong v. Accretive Health Inc., et al., No. 12-03102, N.D. Ill.; See January 2013, Page 50....(read more)
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Countrywide: FHFA's Suit Over MBS Should Be Dismissed
Case: Federal Housing Finance Agency, as conservator for the Federal National Mortgage Association, et al. v. Countrywide Financial Corp., et al., No. 12-1059, C.D. Calif....(read more)
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Madoff Feeder Fund Says Roland Does Not Apply To Suit
Case: In re Tremont Securities Law, State Law and Insurance Litigation, No. 08-11117, S.D. N.Y.; See February 2013, Page 38....(read more)
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Credit Suisse Says Investors' Fraud Claims Should Be Dismissed
Case: In re: TVIX Securities Litigation, No. 12-04191, S.D. N.Y.; See February 2013, Page 39....(read more)
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Hedge Fund Says SEC's 'Short Squeeze' Complaint Fails
Case: Securities and Exchange Commission, No. 12-5027, S.D. N.Y....(read more)
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Stiefel Labs Says Fraud Plaintiff Misstates Law, Evidence
Case: Securities and Exchange Commission v. Stiefel Laboratories Inc., et al., No. 11-24438, S.D. Fla.; See February 2013, Page 40....(read more)
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Chesapeake Says Complaint Falls Short Of Fraud-Pleading Standard
Case: Dvora Weinstein, et al. v. Aubrey K. McClendon, et al., No. 12-00465, W.D. Okla.; See February 2013, Page 41....(read more)
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Apple Investor Wants Injunction Before Shareholder Vote
Case: Greenlight Capital L.P., et al v. Apple Inc., No. 13-0900, S.D. N.Y....(read more)
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Facebook Shareholder Alleges Insider Trading Related To IPO
Case: Gaye Jones v. Mark Zuckerberg, et al., No. 8375, Del. Chanc....(read more)
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Panel Partially Vacates District Court Ruling In Securities Suit
NEW YORK - A Second Circuit U.S. Court of Appeals panel on March 1 partially vacated and remanded a ruling that a lead plaintiff in a securities class action lawsuit failed to plead facts that would...
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Dismissal Of Securities Lawsuit Claims Not Proper, Judge Rules
NEW YORK - A federal judge in New York on Feb. 27 denied a motion to dismiss filed by investors in a securities lawsuit who alleged that The Bear Stearns Cos. and certain of its subsidiaries and others...
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Lead Plaintiff, Lead Counsel Appointed In Securities Class Action Lawsuit
HOUSTON - A federal judge in Texas on Feb. 19 ruled that a shareholder has met all statutory requirements to serve as lead plaintiff in a securities class action lawsuit against a company and its CEO...
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U.S. Supreme Court: Discovery Rule Doesn't Apply To SEC
WASHINGTON, D.C. - The U.S. Supreme Court on Feb. 27 reversed a Second Circuit U.S. Court of Appeals ruling allowing the Securities and Exchange Commission to seek securities fraud penalties for...
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Court Lacks Jurisdiction Over State Securities Law Claims, Judge Rules
WASHINGTON, D.C. - A federal judge in the District of Columbia on March 1 dismissed an investor's securities class action lawsuit, ruling that he lacked subject matter jurisdiction over the investor's...
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Reconsideration Of Ruling Dismissing Securities Suit Not Proper, Judge Rules
NEW YORK - A federal judge in New York on March 4 denied lead plaintiffs' motion for reconsideration of his ruling dismissing a securities class action lawsuit for failure to plead scienter and loss...
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Gupta Ordered To Pay More Than $6.2M In Restitution To Goldman Sachs Group
NEW YORK - A federal judge in New York on Feb. 25 ordered former Goldman Sachs Group Inc. director Rajat Gupta to pay more than $6.2 million in restitution to Goldman for legal fees incurred in...
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MRV Directors Agree To $3M Settlement In Backdating Lawsuit
LOS ANGELES - Members of the board of directors of MRV Communications Inc. will pay $3 million to settle claims that they engaged in an illegal stock options backdating scheme, according to a motion...
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