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AIG Agrees to $725M Settlement With Shareholders
AIG may sell common stock to raise $550 million for the settlement.
Investor Lawsuits Fly Following BP Oil Rig Disaster
BP shares have lost about $85 billion in value following oil rig disaster on April 20.
Investors Examine Ripple Effects of NAB Case
Ruling may not affect foreign purchasers of ADRs or ADSs on the US stock exchange, lawyers say.
Supreme Court to Hear Janus Appeal in Securities Class Action
Janus appeal to be heard in Supreme Court term beginning in October.
NAB Holding May Impact Hedge Funds’ US Case Against Porsche
Ramifications of NAB case may affect Vivendi, Porsche cases.
Ninth Circuit Reinstates $277.5M Jury Verdict Against Apollo Group
Lower court had previously thrown out jury verdict in 2008.
Vivendi Says Supreme Court’s NAB Holding ‘Totally In Line’ With Its Own Position
Vivendi is similarly trying to exclude French shareholders from a U.S.-based class action lawsuit against it.
Court Approves $225M Comverse Settlement, $56M in Attorneys’ Fees
Court approves $225 million settlement in Comverse backdating case.
Supreme Court Upholds Second Circuit Ruling in NAB ‘F-Cubed’ Case
Supreme Court holds Australian bank cannot be sued in U.S.
New York Will Seek Lead Plaintiff Status in BP Securities Litigation
NY State Common Retirement Fund held 19 million shares of BP.