Daily Archives: September 28, 2008, 11:48 pm

SEC Completes Distribution of $42 Million Ameriprise Fair Fund

The SEC continued its recent string of Fair Funds distributions on Thursday, announcing the completion of a nearly $32 million Fair Fund distribution to current and former customers of Ameriprise Financial Services, Inc. (formerly known as American Express Financial Advisors Inc.) The SEC stated that approximately 575,000 investors were affected by what it alleged were improper mutual fund practices. On…

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Susman Godfrey & Berger & Montague Appointed Co-Lead Counsel in IndyMac Securities Class Action

Susman Godfrey announced on Friday that it has been appointed co-lead counsel in the securities class action against IndyMac Bancorp.   The firm announced that on September 12, 2008, Judge George Wu of the US District Court for the Central District of California appointed Susman Godfrey as co-lead counsel in the case, which has been consolidated as Folsom v. IndyMac Bancorp,…

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