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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInHedge funds sniff for even bigger payouts from banks — NY Times
The provocative theory is that the big banks have not paid enough in recent legal settlements to make amends for their role in stoking the subprime housing boom and bust. Hedge funds, contending that the banks have so far underpaid, have bought subprime mortgage-backed bonds, which they hope will rise in value. That would happen […]
SEC Charges Former Credit Suisse Investment Bankers in Subprime Bond Pricing Scheme
SEC charges investment bankers at Credit Suisse Group with scheme to overstate the prices of $3 billion in subprime bonds.
Two State Street executives cleared of SEC charges of misleading investors
ALJ finds two executives were unaware of the vulnerability of the subprime securities when they made disclosures.
Standard & Poor’s has argued SEC should drop case
S&P argues to SEC why agency should not commence enforcement proceedings related to ratings of subprime mortgage-related securities.
SEC Charges Goldman Sachs, Vice President, With Misstating Key Facts on Subprime CDO
SEC alleges fraud in structuring and marketing of CDO tied to subprime mortgages.
Court Dismisses Securities Class Action Against CIBC Over Subprime Exposure
Court rejects argument that CIBC could have anticipated subprime crisis as alleged.
SEC Taps Paulson Hedge Fund for Information
The SEC requests information from Paulson & Co. in connection with probe into subprime fraud.
State Street Settles SEC Subprime Case for $300 Million
State Street Bank agrees to pay more than $300 million to settle SEC charges.
Rating Agencies Off the Hook in Lehman Case
Investors’ suit against Moody’s and Standard and Poor’s dismissed.