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Results: 1-9 of 9
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
Current Search
- Jurisdiction - USA
- Workarea - Capital Markets
- Workarea - Litigation
- Author - Jeanne Kohler
- Author - M Machua Millett
- Author - Helen Clark