Month: September 2008

Class Action Claiming Fraud Regarding High Yield Investments Is Dismissed

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

The Collapse of Bear Stearns And The SEC’s Requests For Additional Authority

On Friday, the Commission formally ended the Consolidated Supervised Entities program. That program was created in the wake of the Gramm-Leach-Bliley Act, which left a regulatory gap as to investment bank holding companies. The participants in the program chose to