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Former IndyMac CEO settles subprime securities lawsuit
- Sedgwick LLP
- -
- USA
- -
- July 31 2012
Michael Perry, the former CEO of failed IndyMac Bank, has reached a settlement to resolve a subprime related securities lawsuit filed against him for $5.5 million
Second Circuit upholds denial of class certification in mortgage-backed securities cases
- Sedgwick LLP
- -
- USA
- -
- May 31 2012
The Second Circuit Court of Appeals upheld a decision denying class certification to a class of investors in a lawsuit against Goldman Sachs & Co, The Royal Bank of Scotland Group PLC, UBS Securities LLC, Residential Capital LLC, as well as other banks, on the grounds that fact-specific issues pertaining to each plaintiff outweighed common issues shared by potential class members
Plaintiffs abandon California subprime suit against Countrywide
- Sedgwick LLP
- -
- USA
- -
- May 31 2012
Ten plaintiff-investors filed a stipulation of dismissal to drop their California lawsuit against Countrywide Financial Corporation
Stanford found guilty on charges of fraud and conspiracy
- Sedgwick LLP
- -
- USA
- -
- March 28 2012
On March 6, 2012, three years after R. Allen Stanford was indicted for fraud, a federal jury returned a verdict against Stanford with regard to a $7 billion Ponzi scheme involving nearly 30,000 investors worldwide
Class certification granted in MBS action against Goldman Sachs
- Sedgwick LLP
- -
- USA
- -
- March 6 2012
A 150-plus investor class has been certified by the U.S. District Court in the Southern District of New York in a lawsuit against Goldman Sachs surrounding its marketing of certain mortgage-backed securities
Goldman Sachs faces up to $16 billion in MBS lawsuits
- Sedgwick LLP
- -
- USA
- -
- November 30 2011
In a November 9, 2011 regulatory filing with the SEC, Goldman Sachs acknowledged that it is facing several lawsuits seeking more than $15.8 billion in damages in connection with now soured mortgage-backed securities (MBS) that Goldman bought, sold or underwrote
Judge Grills SEC enforcement division over $285 million Citigroup mortgage settlement
- Sedgwick LLP
- -
- USA
- -
- November 30 2011
During a November 9, 2011 hearing, Federal District Court Judge Jed Rakoff voiced significant concerns with regard to the $285 million settlement agreed to by Citigroup and the SEC over the bank's sale of mortgage-related securities
Washington Mutual executives agree to settle securities suit
- Sedgwick LLP
- -
- USA
- -
- October 31 2011
In a securities suit against former Washington Mutual (WaMu) directors and officers alleging misstatements surrounding the company's problems in its mortgage lending business, plaintiffs have asked a U.S. District Court in Seattle to approve a $41.5 million settlement
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- Workarea - Litigation
- Workarea - Capital Markets
- Workarea - Banking
- Firm Name - Sedgwick LLP
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