By Jenna Greene | March 22, 2018
Ted Olson turns down Donald Trump; Lindsay Lohan touts Lawyer.com and Keker Van Nest beats back an $800 million securities fraud class action against venture capital firm Kleiner Perkins.
By Ross Todd | March 21, 2018
The social media giant was hit with a pair of class action lawsuits Tuesday in U.S. District Court for the Northern District of California.
New York Law Journal | In Brief
By Colby Hamilton | March 21, 2018
AG Eric Schneiderman's office said the bank knowingly sold toxic residential mortgage-backed securities in the lead up to the housing crisis.
By Ben Hancock | March 20, 2018
Justice Elena Kagan wrote for a unanimous court that the 1998 Securities Litigation Uniform Standards Act did not strip state courts of jurisdiction over certain investor class actions.
By Josefa Velasquez | March 19, 2018
On Wednesday, the state's Court of Appeals will hear oral arguments in the case 'People v. Credit Suisse Securities', which stems from a 2012 lawsuit Schneiderman filed charging that the Swiss international bank misrepresented the risks of residential mortgage-backed securities to investors in 2006 and 2007. Those securities helped spur the 2008 financial crisis.
By C. Ryan Barber | March 19, 2018
"These awards demonstrate that whistleblowers can provide the SEC with incredibly significant information that enables us to pursue and remedy serious violations that might otherwise go unnoticed," Jane Norberg, chief of the SEC's whistleblower office, said in a statement Monday.
By Ben Hancock | March 15, 2018
A hearing over who should take the reins in a ground-breaking securities class action descended into a back-and-forth over missteps by one group of attorneys.
By Jenna Greene | March 15, 2018
“If you don't like the law, change it” is a fine slogan—but what if doing so is a way to duck an otherwise valid Freedom of Information Act request and shut down the flow of information to the public?
By Amanda Bronstad | March 14, 2018
Laura Simmons, senior adviser at Cornerstone and co-author of the report, said the cases last year were just smaller.
By Ben Hancock | March 14, 2018
CEO Elizabeth Holmes has agreed to pay a $500,000 penalty, return the remaining 18.9 million shares she obtained during the fraud, and relinquish her voting control of Theranos.
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