Nearly 40 parties, including 16 large investors, filed objections to the deal between Countrywide and holders of its mortgage-backed securities.
A shareholder who claims he was deceived about Citigroup's financial condition in 2007 has been blocked for now in his attempt to pursue fraud claims against the bank.
Lawyers at Cahill Gordon & Reindel knocked out a proposed investor class action against Deutsche Bank AG on Tuesday, persuading a federal judge in Manhattan that the plaintiffs relied on an unreliable expert witness to support their bid for class certification.
Lawyers for a Neuberger Berman shareholder have struggled for years to hold Neuberger executives and board members liable for ill-fated investments in two U.K.-traded Internet gambling companies. On Monday they struck out once again—apparently for good—at the Second Circuit.
Just who's covered by the whistle-blower provisions of the Dodd-Frank Act? It depends who you ask.
The Federal Housing Finance Agency reached settlements worth $5.1 billion with JPMorgan Chase & Co. in connection with residential mortgage-backed securities and single-family mortgages purchased by Fannie Mae and Freddie Mac, the agency announced Friday.
The Securities and Exchange Commission can't prevent lawyers at Pepper Hamilton from getting paid to pursue further appeals in defense of client Pentagon Capital Management, a federal judge in Manhattan ruled Monday.
The reported deal would be the largest ever to resolve federal government claims against a single company.
Robbins Geller Rudman & Dowd secured the record judgment in its long-running securities fraud class action against Household International Inc., a unit of British banking giant HSBC Group.