Cell phone company gets $81M ruling
Regulators have ordered UBS AG to pay nearly $81 million to a children’s cell phone firm in Bethesda, Md. that suffered when its cash got tied up in student loan auction-rate securities. Read the full...
View ArticleLegal malpractice suits on the rise, survey finds
Law firms are facing a surge in malpractice claims, with conflict of interest issues being the leading source of exposure to liability. Those are the highlights from “Lawyers’ Professional Liability...
View ArticleSECURITIES LAW
Does the Securities Litigation Standards Act preempt state law class actions claiming that the defendant engaged in a Ponzi scheme involving misrepresentations about transactions with securities...
View ArticleCourt rejects materiality requirement for securities class certification
A securities fraud plaintiff was not required to submit proof of materiality in order to obtain class certification, the U.S. Supreme Court has ruled 6-3. The decision affirmed a ruling from the 9th...
View ArticleSEC enforcement action time-barred, justices rule
The discovery rule did not apply to extend the time frame for the Securities and Exchange Commission to bring an enforcement action against those who allegedly aided and abetted investment adviser...
View ArticleSECURITIES
A securities fraud plaintiff was not required to submit proof of materiality in order to obtain class certification. See “Court rejects materiality requirement for securities class certification” U.S....
View ArticleSECURITIES
The discovery rule did not apply to extend the time frame for the Securities and Exchange Commission to bring an enforcement action against those who allegedly aided and abetted investment adviser...
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