Morgan Stanley & Co. has agreed to pay $95 million to end a putative class action in New York federal court alleging it misled institutional investors about shoddy mortgage-backed securi... Read more
Merck recently announced that it will pay $688 million to settle two class action lawsuits brought by pension funds and other shareholders. The investors accused the company of withholding n... Read more
The pension funds of New York City are the latest group to file a derivative lawsuit against Wal-Mart Stores Inc., based on reported allegations of bribery in Mexico and a possible cover-up... Read more
Alaska’s Attorney General, Dan Sullivan, announced last month that Alaska has settled a breach of contract and professional malpractice lawsuit against its former actuary for $500 mill... Read more
Countrywide Financial Corp, the mortgage lender acquired by Bank of America Corp., has agreed to a $624 million settlement of a lawsuit accusing it of misleading investors about its lending... Read more
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