Civil Remedies | JD Supra Legal News, Updates, Analysis, & Information

Assured Guaranty Sues GMAC Entities in Connection with RMBS Insurance

by Orrick, Herrington & Sutcliffe LLP on 5/22/2012

On May 11, 2012, Assured Guaranty filed suit in the United States District Court for the Southern District of New York against several GMAC entities alleging that the defendants induced Assured to issue financial guaranty...more

Martin Marietta Materials, Inc. v. Vulcan Materials Co., C.A. 7102-CS (Del. Ch. May 4, 2012) (Strine, C.) - May 04, 2012

by Potter Anderson & Corroon LLP on 5/22/2012

In this memorandum opinion, the Court of Chancery construed two confidentiality agreements executed by direct competitors at the outset of friendly negotiations regarding a possible business combination. Although neither of...more

German Bank Sues Merrill Lynch In Connection With Sale of $324 Million in RMBS

by Orrick, Herrington & Sutcliffe LLP on 5/14/2012

German bank Bayerische Landesbank (“BayernLB”) filed suit against Merrill Lynch on May 2 in New York Supreme Court, claiming that Merrill Lynch knowingly made misrepresentations in its offering materials relating to $324...more

SEC Staff Issues Report on the Cross-Border Scope of Private Rights of Action for Securities Fraud

by Sheppard Mullin Richter & Hampton LLP on 5/10/2012

The staff of the Securities and Exchange Commission (“SEC”) recently released a study on the cross-border scope of the private right of action under Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”),...more

ICI and Chamber of Commerce Challenge CFTC Amendment to Rule 4.5

by Katten Muchin Rosenman LLP on 4/24/2012

On April 17, the Investment Company Institute and the U.S. Chamber of Commerce filed a complaint challenging the Commodity Futures Trading Commission’s recent changes to its Rule 4.5, which governs registration of registered...more

Legislative Developments: Complaint Filed Against the CFTC Over New Commodity Pool Operator Registration Requirements

by White & Case LLP on 4/20/2012

Derivatives Insight On Tuesday, April 17, 2012, a complaint was jointly filed by the Investment Company Institute and Chamber of Commerce against the CFTC in connection with the February rulemaking that would require...more

ESOP LEGAL NEWS - April 2012 • Volume 1, Number 2

by Dickinson Wright on 4/20/2012

INSIDE THIS ISSUE: The ESOP Association submits comments on corporate tax reform to House committee; ESOP champion Olympia Snowe not running for reelection; Pro-ESOP legislation garners support; Bear Stearns agrees to...more

SEC Seeks Repayment of Executive Compensation Based On Sarbanes-Oxley Act

by Katten Muchin Rosenman LLP on 4/18/2012

The Securities and Exchange Commission recently filed a complaint in Federal Court in Texas against Michael A. Baker, the former Chief Executive Officer of ArthroCare Corporation (ArthroCare), and Michael T. Gluk, its former...more

Supreme Court Provides Guidance on Section 16(b) Statute of Limitations April 13, 2012

by Foley Hoag LLP on 4/13/2012

In Credit Suisse Securities LLC v. Simmonds, the Supreme Court recently addressed the timeliness of claims brought against corporate insiders to recover short-swing profits under Section 16(b) of the Securities Exchange Act...more

Section 2(a)(iii): the Suspense Continues

by Reed Smith on 4/13/2012

Anyone with a passing knowledge of derivatives law will be aware of the controversy created by section 2(a)(iii) of the ISDA Master Agreement. Differing interpretations of 2(a)(iii) have emerged in litigation in London and...more

Corporate Spending Post-Citizens United Decision Comes under Attack

by Morgan Lewis on 4/10/2012

The Supreme Court decision in Citizens United v. Federal Election Commission, 558 U.S. —, 130 S.Ct. 876 (2010), lifted long-standing limits on corporate and labor union political spending. Prior to Citizens United, federal...more

Ambac Sues JP Morgan Over Insurance of Bear Stearns RMBS

by Orrick, Herrington & Sutcliffe LLP on 4/9/2012

On March 30, 2012, Ambac Assurance Corp. brought claims against J.P. Morgan Chase, EMC Mortgage, and Bear Stearns in the Supreme Court of the State of New York, alleging fraudulent marketing of RMBS by Bear Stearns. Ambac...more

Dexia Sues Merrill Lynch Over $527 Million in RMBS

by Orrick, Herrington & Sutcliffe LLP on 4/9/2012

On March 29, 2012, Dexia filed suit against Merrill Lynch & Co. and related entities in the Supreme Court of the State of New York in connection with $527 million in RMBS it allegedly purchased in fifteen offerings in 2006...more

Landesbank Baden-Wuttenberg Files $455 Million RMBS Suit Against Countrywide

by Orrick, Herrington & Sutcliffe LLP on 4/9/2012

On March 29, 2012, German bank Landesbank Baden-Wurttemberg (“LBW”) filed a suit against Countrywide Financial Corp. and related entities in the Supreme Court of the State of New York alleging that Countrywide misrepresented...more

RMBS Investors File $250 Million Derivative Suit Against HSBC

by Orrick, Herrington & Sutcliffe LLP on 4/9/2012

On March 28, 2012, investors in Ace Securities Corp. Home Equity Loan Trust, Series 2006-SL2 commenced a derivative lawsuit, purportedly on behalf of the Trust, against HSBC Bank, as trustee, and DB Structured Products, Inc.,...more

Home

Legal News

Find a Lawyer

Browse Subjects

Law Feeds

Pro Services

Civil Remedies – May 23, 2012

Narrowed by: Securities Law

Assured Guaranty Sues GMAC Entities in Connection with RMBS Insurance

Martin Marietta Materials, Inc. v. Vulcan Materials Co., C.A. 7102-CS (Del. Ch. May 4, 2012) (Strine, C.) - May 04, 2012

German Bank Sues Merrill Lynch In Connection With Sale of $324 Million in RMBS

SEC Staff Issues Report on the Cross-Border Scope of Private Rights of Action for Securities Fraud

ICI and Chamber of Commerce Challenge CFTC Amendment to Rule 4.5

Legislative Developments: Complaint Filed Against the CFTC Over New Commodity Pool Operator Registration Requirements

ESOP LEGAL NEWS - April 2012 • Volume 1, Number 2

SEC Seeks Repayment of Executive Compensation Based On Sarbanes-Oxley Act

Supreme Court Provides Guidance on Section 16(b) Statute of Limitations April 13, 2012

Section 2(a)(iii): the Suspense Continues

Corporate Spending Post-Citizens United Decision Comes under Attack

Ambac Sues JP Morgan Over Insurance of Bear Stearns RMBS

Dexia Sues Merrill Lynch Over $527 Million in RMBS

Landesbank Baden-Wuttenberg Files $455 Million RMBS Suit Against Countrywide

RMBS Investors File $250 Million Derivative Suit Against HSBC

Expand Your Reach