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Locke Lord LLP | USA | 19 Feb 2010

Two more dismissals of Securities Act lawsuits against rating agencies

Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York granted McGraw Hill and Moody's (together, the "Ratings Agencies") motions to dismiss in both Tsereteli v. Residential Asset Securitization Trust 2006-A8 et al. and In re: IndyMac Securities Litigation - but without issuing detailed written opinions.

Article

Locke Lord LLP | USA | 9 Nov 2009

Southern District grants motion to dismiss in F-Cubed securities class action

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.

Article

Locke Lord LLP | USA | 18 Sep 2009

Court gives preliminary approval to Merrill Lynch's settlement of a subprime-related securities class action

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.

Article

Locke Lord LLP | USA | 18 Sep 2009

Court approves American Home Mortgage's settlement of a subprime securities class action

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.

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