Banks Commit to Clearing House for European Credit Default Swaps
We have reported previously on moves in the United States to regulate the credit default swaps (CDS) market (our most recent post can be found by clicking here.
Read MoreFeb 26, 2009 | Regulatory, Subprime/Credit Crisis Developments | European Union, United Kingdom
We have reported previously on moves in the United States to regulate the credit default swaps (CDS) market (our most recent post can be found by clicking here.
Read MoreFeb 10, 2009 | Regulatory, Subprime/Credit Crisis Developments | United Kingdom
Feb 3, 2009 | Federal Legislative Developments, Regulatory, Subprime/Credit Crisis Developments | United States
Feb 3, 2009 | New York Developments, Regulatory, Subprime/Credit Crisis Developments | United States
Jan 30, 2009 | D&O Liability, Subprime/Credit Crisis Developments | United States
On January 16, 2009, Ohio Attorney General Richard Cordray and investors agreed to approve a $475 million settlement for a class action suit filed against Merrill Lynch (In re Merrill Lynch & Co., Inc. Securities, Derivative and ERISA Litigation, No.07-CV-9633 (S.D.N.Y.)).
Read MoreJan 20, 2009 | Subprime/Credit Crisis Developments | United States
Hutchinson Technology, Inc., a firm with a dual focus on computer hardware technology and health care technology, recently filed suit against UBS AG, UBS Financial Services and UBS Securities LLC (“UBS”) for allegedly fraudulently inducing Hutchinson to purchase millions of dollars in auction rate securities (ARS).
Read MoreJan 16, 2009 | Industry Developments, Regulatory, Subprime/Credit Crisis Developments | United Kingdom
Jan 7, 2009 | Regulatory, Subprime/Credit Crisis Developments | United Kingdom
Jan 5, 2009 | D&O Liability, Subprime/Credit Crisis Developments | United States
The U.S. District Court for the Central District of California recently granted a motion to dismiss, without prejudice, for failure to adequately plead the reliance element of a purported securities class action brought under Section 10(b) of the 1934 Securities Exchange Act.
Read MoreJan 5, 2009 | D&O Liability, Subprime/Credit Crisis Developments | United States