The Carlyle Group LLP and its lawyers at Williams & Connolly have killed off claims that the company misled shareholders about the riskiness of residential mortgage-backed securities.
In a 10-page decision issued on Tuesday, the U.S. Court of Appeals for the D.C. Circuit tossed consolidated investor class actions against Carlyle Capital Corp,, a now-shuttered investment arm of Carlyle Group, and CCC’s officers and directors. Affirming a 2012 ruling by U.S. District Judge Amy Berman Jackson in Washington, the appeals court held that the plaintiffs failed to back up their gripe that CCC misled investors about the impact RMBS bets were having on its bottom line.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
