Judge Gives Final Approval to $586M IPO Securities Litigation Settlement

In an order made public today, U.S. District Judge Shira A. Scheindlin (SDNY) approved the $586 million settlement of the IPO Securities Litigation.  The settlement, previously discussed here, resolved 309 cases.

Dow Jones Newswires reports that the settling underwriters included more than a dozen of the biggest banks on Wall Street, including units of Credit Suisse Group, Morgan Stanley, Merrill Lynch & Co., Bank of America Corp., JPMorgan Chase & Co., Goldman Sachs Group Inc.  and Citigroup Inc.

Read the Dow Jones Newswires article.