Year: 2008

The SEC staff issued a summary report discussing its examinations of three credit rating agencies which were key in the subprime residential mortgage-backed securities (“RMBS”) and collateralized debt obligations (“CDO”) markets from January 2004 to the present. The report raises …

SEC Staff Report On Credit Rating Agencies: Conflicts Read More »

Another theory of loss causation being utilized by the court’s following Dura is materialization. The court in Glover v. Deluca, 2006 WL 2850448 (W.D. Pa. Sept. 29, 2006) defined the requirements for using this theory, noting that “where the alleged …

Part XI: Securities Class Actions: Current And Emerging Trends Read More »