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Results: 1-10 of 11

District Court dismisses subprime class action case with prejudice
  • Locke Lord 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


Treasury Department proposes a plan that would require US banks to report all overseas money transfers
  • Locke Lord LLP
  • USA
  • September 29 2010

On September 29, the Washington Post and New York Times reported that the United States Treasury Department's Financial Crimes Enforcement Network ("FinCEN") issued a proposal this week that would require US banks to report all electronic money transfers into and out of the United States


Second Circuit allows securities fraud claim alleging misrepresentations regarding nature, but not amount, of mutual fund’s fees
  • Locke Lord 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
  • Locke Lord 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


U.S. Securities and Exchange Commission brings civil action against former New Century executives
  • Locke Lord LLP
  • USA
  • January 6 2010

On December 7, 2009, the SEC charged three former executives of New Century Financial Corporation with securities fraud


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


Mark Cuban demands that the SEC pay his legal fees
  • Locke Lord LLP
  • USA
  • September 4 2009

On November 17, 2008, the Securities and Exchange Commission charged Dallas Mavericks' owner, Mark Cuban, with insider trading


Jeanne Kohler
  • Locke Lord LLP