A New York judge has merged two derivative shareholder suits against Goldman Sachs executives regarding Abacus, the transaction that culminated in a $550 civil fraud settlement with the Securities and Exchange Commission (SEC) earlier this summer. The SEC had accused the company of selling collateralized debt obligations without disclosing to investors that Goldman client Paulson [...]
In the largest settlement to date in shareholder suits involving the mortgage crisis, Countrywide Financial Corp. has agreed to pay $600 million to end several class action lawsuits. The company’s accounting firm, KPMG, will also pay $24 million to settle claims. The lawsuits alleged that Countrywide fraudulently concealed risks stemming from its loose mortgage-writing standards [...]
Banking giant Citigroup Inc. has settled civil fraud charges with the Securities and Exchange Commission (SEC) for $75 million, marking the second settlement in weeks between the government agency and a Wall Street firm in cases concerning the mortgage meltdown. The SEC charged Citigroup with misleading investors about its potential losses from high-risk, sub-prime mortgages. [...]
Blog Categories
Blog Archives
Our Latest Press Releases
- Baron and Budd California Mesothelioma Attorneys Continue to Actively Handle Lawsuits May 17, 2012
- Consumer Alert: FDA Requires New Warnings for YAZ, Yasmin May 16, 2012
- Baron and Budd Seeks to Help Women Harmed by YAZ, Yasmin, Beyaz and Ocella May 4, 2012
- Baron and Budd Warns that Wal-Mart Employees May Not Have Been Paid All Overtime Owed May 3, 2012
MesotheliomaNews.com
- Study: Mesothelioma Drug May Be More Effective When Combined with Other Drugs May 17, 2012
- California Mesothelioma Attorney May 15, 2012
- Asbestos and the FACT Act May 10, 2012
- Mesothelioma and National Cancer Research Month May 8, 2012