Month: October 2008

The New York Attorney General and the SEC continue to reach settlements in the auction rate securities market, rolling out three new accords this week. Two agreements involve Bank of America Securities and RBC Capital Markets, while a third related …

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The Second Circuit Court of Appeals rejected claims in In Re: Salomon Analyst Metromedia Litig., Case No. 06-3225 (2nd Cir. Sept. 30, 2008) asserting that a plaintiff relying on the fraud-on-the-market presumption of Basic, Inc. v. Levinson, 485 U.S. 224 …

The Second Circuit Rules On The Application Of The Basic Presumption Read More »