Year: 2008

As the market crisis continues to dominate the news, the staff at the SEC and FASB clarified certain points regarding the application of fair value accounting, which is central to the valuation mortgage backed securities. In addition, the Commission, as …

Clarification On Fair Value Accounting; Two More Financial Fraud Cases Read More »

In a decision which may become of increasing importance as the market crisis deepens, the court in In re: American Express Co. Sec. Litig., 02 cv 5533 (S.D.N.Y. Sept. 26, 2008) dismissed a securities class action based on allegations that …

Class Action Claiming Fraud Regarding High Yield Investments Is Dismissed Read More »