Tag: settlements

Securities class action settlement trends show fewer cases settling last year but for dollar amounts comparable to earlier years. The number of securities class actions with a parallel SEC enforcement action declined while those with a derivative suit increased.

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Judge Rakoff, in a December 27, 2011 order, denied the Commission’s request for a stay of his order directing SEC v. Citigroup Global Markets, Inc., Case No. 11 Civ 7387 (S.D.N.Y.) to trial. That order, which followed the refusal of …

THE STAKES GET HIGHER Read More »

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