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 »

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 …

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