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Desde ayer, la Asociación para la Reglamentación de la Industria Financiera (Finra, por sus siglas en inglés) tiene ante su consideración la reclamación de un segundo inversionista de Puerto Rico, quien alega perdió unos $870,000 como secuela de su inversión en fondos mutuos gestionados por UBS Financial Services of Puerto […]
“Aquí lo que ha habido es un fraude. A todos nosotros nos pintaron la panacea. Nos decían que era seguro”. Eso dijo a El Nuevo Día, Antonio Pineda (nombre ficticio para proteger su identidad), un hombre que se aproxima a los 70 años de edad y quien llegó hasta el […]
Will the Supreme Court stop judges from getting too creative with the Securities Litigation Uniform Standards Act? Click here to view the full article.
Law360, New York (September 30, 2013, 3:26 PM ET) — A New York federal judge on Monday slashed several claims from a putative class action against Harbinger Capital Partners LLC alleging it hid a major investment in a now-bankrupt broadband company, finding the state law claims were barred by federal […]
Law360, New York (September 20, 2013, 5:36 PM ET) — Plaintiffs in a putative securities fraud class action against Harbinger Capital Partners on Thursday challenged the hedge fund’s claim in New York federal court that a recent Second Circuit ruling supports the dismissal of the class claims, saying the cited […]
Click here to view the New York Law Journal’s expert analysis about the publication “Why So Few Prosecutions Connected to the Financial Crisis?”.
Standard and Poor’s is calling the U.S. government’s $5 billion lawsuit retaliation; CNBC’s Kayla Tausche reports and Jake Zamansky, securities lawyer, and CNBC’s Jeff Cox debate the case.
Law360, New York (August 23, 2013, 5:48 PM ET) — Principal Financial Group Inc. has agreed to pay $3.2 million to settle a class action alleging that the company let its retirement account holders unwittingly invest in an alleged Ponzi scheme run by Westgate Management LLC , the plaintiffs said […]
A $230 million arbitration claim by National Australia Bank Ltd. NAB.AU +2.05% alleges that Goldman Sachs Group Inc. GS +0.04% violated industry sales practices related to mortgage-linked securities that later soured, adding to the list of legal skirmishes the Wall Street firm has faced in the wake of the financial […]