The settlement covers anyone who bought credit default swaps from or sold them to the Defendants. Read more
Allstate Corp. and Citigroup Inc. have settled a lawsuit filed by the insurer in a New York state court. The bank was accused of fraudulently selling hundreds of millions of dollars of mortg... Read more
Morgan Stanley and JPMorgan Chase & Co. have agreed to pay fines and buy back auction-rate securities that state and federal regulators said were fraudulently sold to investors. The New... Read more
It has been reported that Citigroup Inc. has been negotiating with state and federal regulators in an effort to resolve allegations of wrongdoing in the auction-rate-securities market. This... Read more
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