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District Court dismisses subprime class action case with prejudice
- Edwards Wildman Palmer LLP
- -
- USA
- -
- October 20 2010
The U.S. District Court in Manhattan recently dismissed a securities class action brought by a proposed class of investors, alleging that the company and two of its senior officers violated Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and SEC Rule 10b-5 by making false or materially misleading disclosures about the company’s risk management and exposure to mortgage-related securities
Second Circuit allows securities fraud claim alleging misrepresentations regarding nature, but not amount, of mutual fund’s fees
- Edwards Wildman Palmer LLP
- -
- USA
- -
- April 27 2010
The Second Circuit recently overturned the Southern District of New York’s dismissal of a claim under 10(b) Securities Exchange Act of 1934 relating to management fees charged to a mutual fund in Operating Local 649 Annuity Trust Fund v. Smith Barney Fund Management LLC
District of New Jersey dismisses securities fraud claims against company that suffered data breach
- Edwards Wildman Palmer LLP
- -
- USA
- -
- March 29 2010
Late last year, the United States District Court for the District of New Jersey dismissed a securities fraud litigation that had been brought against a payment card processor in connection with the theft, by cybercriminals, of credit and debit card information from the company's computer system
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 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
Current Search
- Jurisdiction - USA
- Workarea - Litigation
- Workarea - Capital Markets
- Workarea - White Collar Crime
- Author - Jeanne Kohler