Storm Warning: Subprime Litigation Wave Hits Lehman, Wachovia, Schwab and TD...
The subprime litigation wave is growing in amplitude and volume, as four companies have found themselves the targets of a total of five new subprime-related securities class action lawsuits, joining...
View ArticleMore Auction Rate Lawsuits and Other Web Notes
Add Merrill Lynch and Morgan Stanley to the growing list of companies that have been sued in securities class action lawsuits by investors for allegedly deceptive representation in connection with the...
View ArticleSecurities Lawsuit Filings Surge in March
Driven by the growing wave of subprime-related litigation (particularly a spate of auction rate securities lawsuits), the number of new securities class action lawsuit filings surged in March 2008. The...
View ArticleAuction Rate Preferred Securities: What’s Next in Subprime Litigation
Next up as targets in the ever-growing wave of subprime-related class action lawsuits are closed-end funds that issued auction preferred securities. The auction marketplace for these securities, like...
View ArticleVariations on the Subprime Lawsuit Theme
The subprime litigation wave has been rolling along for well over a year, so it might be expected that by now we have seen many of the likely litigation variations. I suspect there are hosts of new...
View ArticleDespite Settlements, Auction Rate Lawsuits Continue to Mount
The headlines on the business pages have been dominated in recent days by the news of the blockbuster Citigroup and UBS auction rate securities settlements (about which refer here). But as noted in an...
View ArticleWhat Now for Auction Rate Securities Litigation?
Earlier this year, when the auction rate securities lawsuit against UBS was dismissed (refer here), the obvious question was whether the dismissal signaled the end of the auction rate securities...
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