Daily Archives: October 29, 2008, 4:44 pm

RiskMetrics Group Releases Latest SCAS Top 100 List of Securities Class Action Settlements

RiskMetrics Group’s Securities Class Action Services released yesterday its most recent SCAS Top 100 list of the largest securities class action settlements since the passage of the PSLRA.  Only final settlements (approved by the court) are included. Only one 2008 settlement has made its way into the report’s Top 20:  the $1,042,500,000 McKesson HBOC Inc. settlement, which is now #9…

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The SEC’s Office of Risk Assessment: Reloaded

»Lynn Turner, October 7, 2008 Congressional testimony: “At the SEC, the Office of Risk [Assessment] had been reduced to an office of one by February of this year.” »SEC Chairman Christopher Cox, October 23, 2008 Congressional testimony: “The Office of Risk Assessment when I came to the SEC had seven people. It has seven people now.” Inconsistent?  Actually, no, as…

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