Securities Law › Business Torts › Consumer Protection

Judge Denies S&P’s Motion to Dismiss Claims Brought By Illinois AG

On November 7, Judge Mason of the Circuit Court of Cook County, Illinois ruled that the Illinois Attorney General’s state law deceptive business and trade practice claims against Standard and Poor’s survived S&P’s motion to...more

Mortgage-Backed Securities Litigation -- Litigation and Regulatory Trends

A CLE presentation covering the common claims and defenses asserted in MBS litigation and recent litigation and regulatory trends....more

Hamilton (City) v. Metcalfe & Mansfield Capital Corporation, 2012 ONCA 156

Limitation in Misrepresentation Cases: Damage v. Damages

Last week, the Ontario Court of Appeal addressed the important distinction between damage and damages with respect to the limitation issue in misrepresentation cases. In Hamilton (City) v. Metcalfe & Mansfield Capital...more

Supreme Court Limits Investors' Right to Sue in Securities Fraud Lawsuits

The Supreme Court issued an opinion on Monday barring a group of investors from proceeding with a lawsuit against Janus Capital Group for allegedly making misleading statements in Janus mutual fund prospectuses. The ruling...more

SEC v. Goldman Sachs & Co.

Goldman Sachs and Fabrice Tourre Complaint filed by SEC

Form 8-K appending Complaint filed by SEC....more

SEC v. Goldman Sachs & Co. and Fabrice Tourre

SEC v. Goldman Sachs & Co. and Fabrice Tourre Complaint (Form 8-k)

The Commission brings this securities fraud action against Goldman, Sachs & Co. (“GS&Co”) and a GS&Co employee, Fabrice Tourre(“Tourre”), for making materially misleading statements and omissions in connection with a...more

SEC Rules For Losses Caused by Stock Brokers

On behalf of the Public Investors Arbitration Bar Association (PIABA), I am pleased to comment on the above-referenced proposed changes to the Suitability Rule and the Know Your Customer Rule, FINRA Rules 2111 and 2090. PIABA...more

Caveat Consiliator - Let the Adviser Beware: Imposing Fiduciary Duties on Fee-Based Financial Professionals

This article proposed that fee-based financial professionals should be subjected to mandatory fiduciary standards. In addition to providing background information about stockbrokers, financial advisers, investment advisers,...more

You know it is a tax scam when ...

The article reviews indicators and warning signs that should alert a taxpayer that what he/she is being told and/or sold is a tax scam that may put him/her at risk for severe civil or criminal penalties. Look at what...more

White Paper Exposing Abuses of Wall Street On Subprime Mortgage Industry

First paper to define predatory lending and also create the terms "predatory servicing" and "predatory mortgage servicing" as well as "predatory securitization." A must read for anyone involved in litigation in subprime...more