Daily Archives: April 4, 2013, 9:03 am

Mary Schapiro and Lanny Breuer Give Us the Ultimate Dog-Bites-Man Story – National Journal

As head of the Securities and Exchange Commission for the past four years, Mary Schapiro failed to win a major civil action against any Wall Street executive connected to what may be the worst financial fraud in history, the subprime-mortgage scam that led to the 2008 crash. As head of the Justice Department’s criminal division for the past four years,…

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The future of securities litigation? Shareholders sue RBS (in London) — On the Case

There may be no more glaring example of the shifting terrain for securities litigation than the case against the Royal Bank of Scotland…. In the last week, two shareholder groups have initiated actions against RBS in the UK, claiming that the bank’s prospectus for a $23 billion offering in April 2008 contained material misstatements. One of the groups consists of…

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