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SEC Charges Goldman Sachs, Vice President, With Misstating Key Facts on Subprime CDO
SEC alleges fraud in structuring and marketing of CDO tied to subprime mortgages.
Court Dismisses Securities Class Action Against CIBC Over Subprime Exposure
Court rejects argument that CIBC could have anticipated subprime crisis as alleged.
SEC Taps Paulson Hedge Fund for Information
The SEC requests information from Paulson & Co. in connection with probe into subprime fraud.
State Street Settles SEC Subprime Case for $300 Million
State Street Bank agrees to pay more than $300 million to settle SEC charges.
Rating Agencies Off the Hook in Lehman Case
Investors’ suit against Moody’s and Standard and Poor’s dismissed.
SD Video: Interim Update on Subprime Securities Litigation
Is the pendulum now swinging toward defendants in the subprime securities litigation area?
Court Dismisses Securities Lawsuit Against Merrill Lynch, Citing Mortgage Market Dislocation
Case against Merrill Lynch dismissed due to “profound” downturn in the mortgage market.
SEC Charges Reserve Management Co., Others, With Fraud For Disclosures Related to “Breaking the Buck”
The troubles continue to mount for the The Reserve Primary Fund., the money market fund that “broke the buck” on Sept. 16, 2008 and quickly became a defendant in numerous securities class actions. Today, the SEC announced that it has filed an enforcement action charging the entities and individuals who operate The Reserve Primary Fund [...]
SEC Files “Mortgage Meltdown” Cases Against American Home Mortgage Execs
The SEC announced today that it is has charged two former executives at American Home Mortgage Investment Corp. — CEO Michael Strauss and former CFO Stephen Hozie — with accounting fraud and making false and misleading disclosures to conceal the company’s worsening financial condition in early 2007 as the subprime crisis emerged. The SEC alleges [...]