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New York Law Journal

Second Circuit Affirms Judgment in Fed Suit Over Housing Crisis-Era Securities

In a 151-page decision issued Thursday, the Second Circuit upheld a nearly $1 billion judgment against issuers of housing crisis-era securities sold to federal mortgage entities Freddie Mac and Fannie Mae.
3 minute read

New York Law Journal

Pauley Slims Down Commerzbank RMBS Trustee Suit Against BoA, US Bank

U.S. District Judge William Pauley III of the Southern District of New York winnowed down claims Wednesday against U.S. Bank and Bank of America in a housing crisis legacy suit brought by the German bank Commerzbank.
3 minute read

New York Law Journal

Klein v. Cadian Capital Management, LP

Cash-Out Merger Deprived Plaintiff of Standing to Sue for Disgorgement of Short-Swing Profits
2 minute read

Litigation Daily

Shout-Out: A Happy Ending for Kasowitz and Its Bollywood Client

A team of litigators from Kasowitz Benson Torres led by partner Michael Bowe scored a decisive win on behalf of a major Bollywood production company, winning dismissal of a consolidated securities class action.
18 minute read

The Recorder

Robbins Geller Hits Uber With First Securities Fraud Suit

The complaint runs through a laundry list of legal scandals at the ride-hailing company and claims investors were misled about the lawfulness of Uber's operations.
3 minute read

New York Law Journal

Investors' Foreign Currency LIBOR Class Claims Dismissed

U.S. District Judge Sidney Stein of the Southern District of New York granted Monday motions to dismiss claims that some of the world's biggest banks manipulated the London Interbank Offered Rate pegged to the Swiss Franc over a 10-year period ending in 2011.
3 minute read

Legaltech News

There May Be 'No Do-Overs,' but SEC Hack Provides Important Security Lessons

Cybersecurity attorneys agree, the SEC hack provides a lesson to pay close attention to third-party partners and high-risk targets.
18 minute read

Litigation Daily

Shout-Out: Sullivan & Cromwell Scores Big in Barclays Securities Class Action

After more than eight years of litigation, a Sullivan & Cromwell team led by partners Michael Tomaino and Thomas White prevailed on behalf of Barclays Bank, winning summary judgment in a massive securities class action.
2 minute read

New York Law Journal

Grenda v. U.S. Securities and Exchange Commission

SEC Investigative Subpoenas Seeking Bank Account Information Denied Quash
1 minute read

New York Law Journal

Trader Accused of Running Bitcoin Ponzi Scheme

A Brooklyn-based trader was charged with securities violations Thursday for allegedly running a bitcoin Ponzi scheme, the U.S. Commodity Futures Trading Commission announced Thursday.
4 minute read

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