Credit Crunch Digest- September 2010

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IN THIS ISSUE: New Century Settles Shareholder Class Action Suit; BankAtlantic Bancorp Subprime Securities Suit Will Proceed; SunTrust Subprime Securities Suit Dismissed; SEC Defends Settlement With Citigroup; Court Allows Suit Against Fairfield Greenwich Group to Proceed; Fairfield Sentry Sues Former Shareholders; Money Manager to the Stars Pleads Guilty; Top Bank Regulators Back New Rules; Former Lehman Brothers CEO Testifies to Financial Crisis Commission; FDIC Report Shows Increase in Troubled Banks, But Hopeful Outlook.

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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