• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
FTI 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2008 / September / 05 / Brower Piven and Levi & Kersinski Named Lead Counsel in E*Trade Securities Class Action

Brower Piven and Levi & Kersinski Named Lead Counsel in E*Trade Securities Class Action

By Securities Docket on September 5, 2008, 9:05 pm

The U.S. District Court for the Southern District of New York has appointed the law firms of Brower Piven and Levi & Kersinski, as the lead and co-lead plaintiffs’ counsel in the securities class action against E*Trade Financial Corp. (ETFC).

According to the Stanford Securities Class Action Clearinghouse (citing Sunstream News), the lawsuit alleges that the company issued materially false and misleading statements and failed to disclose that the company was experiencing a rise in delinquency rates in its mortgage and home equity portfolios; failed to timely record an impairment on its mortgage and home equity portfolios and materially overvalued its securities portfolio, which includes assets backed by mortgages; and lacked a reasonable basis for the positive statements it made about the company’s earnings and prospects.

Read the Stanford SCAC report

Blog Widget by LinkWithin

Posted in Class Actions | Tagged Lead Counsel

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2022 Securities Docket.

Powered by WordPress and Hybrid.