Contending that one of the nation’s mortgage finance giants is responsible for a massive national housing fraud, the Ohio attorney general has filed a federal securities class action suit against…
It wasn’t just Enron Corp. that was responsible for the massive fraud that wiped out the once-mighty energy trader, creditors contend. Nearly a dozen banks also participated, they argue. And,…
The U.S. Supreme Court has denied cert in a failed $40 billion class action by Enron shareholders who claim investment banks that advised the company helped inflate the value of…
A growing tsunami of investigations, class actions and bankruptcies resulting from the U.S. mortgage meltdown has created a business boom in some BigLaw practice areas.
In a tradition-breaking move that could soon be copied by other renowned “magic circle” law firms in London, Linklaters is helping a longtime client file suit against another financial institution.
The U.S. Supreme Court could decide as early as Monday whether to deny cert to Enron shareholders or return the case to an appeals court, giving an indication whether the…
Updated: In a major ruling, the U.S. Supreme Court has decided that third parties are not liable for participating in corporate wrongdoing if they did not directly mislead investors, Jan 15, 2008 3:16 PM CST
A federal judge in New Jersey has approved $9.5 million in attorney fees in an investor suit against Schering-Plough Corp. even though no money damages were awarded.
A renowned trial lawyer running unopposed to serve as the president of the New York City Bar Association is being targeted for criticism because of her reluctance to discuss her…
Bank of America Corp.’s newly announced deal to buy Countrywide Financial Corp. likely could cost considerably more than the $4 billion purchase price.
A lawyer at a well-known British firm says a wave of lawsuits being filed over subprime mortgage issues could eventually exceed the scope of the litigation over the infamous Enron…
The former general counsel of semiconductor maker Amkor Technology Inc. faces up to five years in prison when he is sentenced Jan. 28 for insider trading.
The ABA Journal wants to host and facilitate conversations among lawyers about their profession. We are now accepting thoughtful, non-promotional articles and commentary by unpaid contributors.