Year: 2008

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 »

As the House of Representatives passed the market crisis bill on Friday, the Commission filed what may be the first of a series of actions arising out of its sub-prime mortgage investigations. At the same time, a jury in Northern …

AN SEC SUBPRIME CASE; JURY ACQUITS ON OPTION BACKDATING Read More »