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Results: 11-20 of 20

NERA’s 2009 year-end securities class action trends update

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 31 2009

NERA Economic Consulting has issued its report titled: "Recent Trends in Securities Class Action Litigation: 2009 Year-End Update" (the "NERA Year-End Update"

The U.S. Supreme Court grants certiorari in F-Cubed case

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 22 2009

On November 30, 2009, the United States Supreme Court granted certiorari to hear the appeal of a Second Circuit Court of Appeals decision affirming the dismissal of an "F-Cubed" securities class action -- i.e., a securities class action brought by foreign investors who purchased shares in a foreign company on a foreign stock exchange -- on subject matter jurisdiction grounds

Two former Bear Stearns hedge fund managers acquitted of criminal fraud charges

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 10 2009

Today, in the first criminal prosecution arising out of the subprime crisis, a jury acquitted two former Bear Stearns hedge fund managers, Matthew Tannin and Ralph Cioffi, of securities, wire and mail fraud

Southern District grants motion to dismiss in F-Cubed securities class action

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 9 2009

On October 5, 2009, the U.S. District Court for the Southern District of New York granted the defendants' motion to dismiss in Cornwell v. Credit Suisse on subject matter jurisdiction grounds

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

Court gives preliminary approval to Merrill Lynch's settlement of a subprime-related securities class action

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

On August 24, 2009, the US District Court for the Southern District of New York preliminarily approved a $150 million settlement of a subprime-related securities class action pending against Merrill Lynch and several of its directors and officers styled, Louisiana Sheriff's Pension and Relief Fund v. Conway et al

Court gives preliminary approval to RAIT's settlement of a subprime related securities class action

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

On July 15, 2009, the US District Court for the Eastern District of Pennsylvania preliminarily approved a $32 million settlement of a subprime related securities class action against RAIT Financial Trust, RAIT's directors and officers, Grant Thornton, and Piper Jaffray

Court gives preliminary approval to Merrill Lynch's settlement of a subprime-related securities class action

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 17 2009

As previously reported on August 8, 2007, a jury convicted ex-Brocade CEO Greg Reyes for violating federal securities laws by failing to properly account for backdated options

The Eleventh Circuit finds subject matter jurisdiction over “F-Cubed” plaintiffs

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 4 2009

The Eleventh Circuit Court of Appeals has found that the district court has subject matter jurisdiction over securities claims brought by “F-Cubed” plaintiffs i.e., a foreign investors who purchased shares in a foreign company on a foreign stock exchange

Second Circuit upholds dismissal for advisor who recommended Bayou Group hedge fund

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 21 2009

In a highly anticipated decision, the United States Court of Appeals for the Second Circuit affirmed last week that investment advisor Hennessee Group LLC could not be liable on the claims asserted by one of its clients for recommending that the client invest in a hedge fund that turned out to be nothing more than a Ponzi scheme perpetrated by Bayou Group LLC