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Results: 1-10 of 28

Lehman ruling on title to securities acquired for affiliates

  • Edwards Wildman Palmer LLP
  • -
  • European Union
  • -
  • December 8 2010

The High Court has given another lengthy ruling on issues arising in the administration of Lehman Brothers International (Europe) (LBIE

BankAtlantic loses class action trial

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 18 2010

In a verdict handed down on Thursday (111810), a South Florida federal jury found that BankAtlantic violated federal securities laws by making several false statements to investors during the class period

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

ARS derivative suits will need to overcome business judgment rule

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 12 2010

In the past few months, several derivative suits against mutual fund issuers of auction rate securities (ARS) have hit the courts

Changes in securities & insurance regulation affecting enforcement strategies ALI-ABA conference on insurance & financial services litigation

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 19 2010

Speakers at the ALI-ABA's annual conference on insurance and financial services regulation in Chicago offered extensive commentary on changes in enforcement strategies for insurance and securities fraud, in light of recent overhauls to the regulatory scheme

SDFL judge finds for Wachovia in unique auction rate securities suit

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • May 18 2010

A federal judge in the United States District Court for the Southern District of Florida recently issued findings of fact and conclusions of law following a bench trial in favor of Wachovia in a suit brought by investors who were unable to liquidate certain Auction Rate Securities ("ARS") originally purchased through Wachovia

Supreme Court upholds Gartenberg test for mutual funds’ compensation of investment advisers

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • May 5 2010

The Supreme Court recently issued an important decision regarding the test for determining whether an investment adviser has violated its "fiduciary duty" to a mutual fund by charging excessive fees under 36(b) of the Investment Company Act of 1940

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

International Public Company D&O: Status & Trends - Canada

  • Edwards Wildman Palmer LLP
  • -
  • Canada
  • -
  • April 14 2010

Class action securities claims are a perennially interesting topic for attorneys and companies around the world and across industries

Cornerstone’s review and analysis of 2009 securities class action settlements

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • March 29 2010

Cornerstone Research released its report on its review and analysis of 2009's securities class action settlements