Under the terms of the settlement, L3 will deposit the cash into settlement fund, pending notification of class members. Read more
This is the largest securities fraud class settlement in the Seventh Circuit and the seventh largest ever. Read more
The history at Exxon Mobil appears to differ, however, in that the company published extensive research over decades that largely lined up with mainstream climatology. Read more
The Seventh Circuit Court of Appeals granted a HSBC Holdings PLC unit a new trial in the securities lawsuit that had resulted in a record $2.5 billion verdict against its mortgage unit. The... Read more
During its last term, the U.S. Supreme Court dealt with an issue relating to individual reliance in securities class actions in Halliburton Co. v. Erica P. John Fund Inc. This term, the ques... Read more
American International Group Inc. (AIG) will pay $960 million to settle a consolidated securities class action alleging the insurer misrepresented the value of credit default swaps between 2... Read more
Whistleblower litigation under the Securities and Exchange Commission is relatively new. In its short history, there haven’t been many cases filed. For the second time in its existence, the... Read more
Recently an independent study found that more than one-third of hedge fund professionals have personally been pressured to break the law. Nearly half of those polled believe their competitor... Read more
Oppenheimer & Co. will pay $2.8 million to settle allegations brought by the Securities and Exchange Commission. The SEC alleged that two investment advisers at Oppenheimer & Co. mis... Read more
It was reported recently that fewer investors took corporate wrongdoers in America to court for fraud last year. The number of new federal securities fraud lawsuits seeking class-action stat... Read more
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