We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
Lexology logo
  Request new password

Search results

Order by most recent / most popular / relevance

Results: 1-10 of 50

Interested in reading the Bear Stearns shareholder class action complaint? See attached...

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • May 2 2008

For our readers who are interested in the specific allegations contained in the recent shareholder class action complaint against Bear Stearns arising from the JPMorgan buyout, a copy is attached here

Court approves American Home Mortgage's settlement of a subprime securities class action

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 18 2009

On July 30, 2009, the US District Court for the Eastern District of New York approved a $37.25 million settlement of a subprime-related securities class action styled, In re American Home Mortgage Securities Litigation

Bank may have breached duty to protect account by failing to use multi-factor authentication

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 14 2009

A bank that failed to use "multi-factor" authentication (as opposed to only usernames and passwords) may have breached its duty to provide online account security owed to the plaintiff individuals whose home equity line of credit account was breached by a hacker

Auction rate securities issues proliferate

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 1 2008

In this space approximately six weeks ago, we reported on the failure of over $100 million in auctions concerning auction rate securities and cautioned that, “regardless of the cause, the continued blossoming of the credit crisis should be of significant interest to insurers and reinsurers because failures in other areas of the debt markets could potentially lead to D&O and E&O claims similar to those seen in connection with the subprime mortgage crisis.”

Fremont must get Attorney General's permission before foreclosing loans in Massachusetts

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 1 2008

A Massachusetts Superior Court recently ruled that embattled lender Fremont Investment & Loan ("Fremont") must obtain written consent from the Massachusetts Attorney General's office before foreclosing on loans in the state

Delaware Supreme Court affirms oversight standard

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 17 2007

In Stone v Ritter, et al, 2006 WL 3169168 (Del Nov 6, 2006), the Delaware Supreme Court affirmed the Court of Chancery’s dismissal of a derivative action against certain current and former directors of AmSouth Bancorporation (“AmSouth”), a Delaware corporation which paid approximately $50 million dollars in fines and penalties in order to resolve investigations for alleged violations of the federal Bank Secrecy Act and federal anti-money laundering regulations

FCRA credit and debit card receipt class actions spread to Chicago - do your credit and debit card receipts comply?

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 30 2007

The latest consumer class action fad, class actions alleging violations of the FCRA regarding information printed on credit and debit card receipts, has now spread to Chicago

Wells Fargo sanctioned by Bankruptcy Court for subprime lending role

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • May 13 2008

A federal bankruptcy judge has ordered Wells Fargo to pay $250,000 in sanctions for its role as a trustee for a pooled subprime mortgage trust

Massachusetts Attorney General files suit against national mortgage lender over subprime mortgages

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 9 2007

Massachusetts Attorney General Martha Coakley announced on Friday that her office has filed a lawsuit against one of the nation's largest subprime lenders, Fremont Investment and Loan ("Fremont"

Shareholders file class action and derivative suits against Merrill Lynch over $8.4 billion sub-prime write-down

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 12 2007

A shareholder class action suit was filed against Merrill Lynch & Co. on October 30, 2007 following an announcement by Merrill Lynch that it would have to write-down $8.4 billion in connection with mortgage-related investments